I wonder what Eisenhower would make of today’s US, with a military grown from 3.5 million people to 5 million. The western nations face less of a threat to their integrity and security than ever in history, yet their defence industries cry for ever more money and ever more things to do. The cold war strategist, George Kennan, wrote prophetically: “Were the Soviet Union to sink tomorrow under the waters of the ocean, the American military-industrial complex would have to remain, substantially unchanged, until some other adversary could be invented.” — Simon Jenkins/The Guardian (the best paper you don’t reader and a sterling example of a still-great newspaper — over Keller’s and Pinch’s minds, of course).
The result – that one theory has been proved wrong, another proved right, yet the world continues to believe in Theory #1 – is frustrating. It’s also tragic, because that intellectual obstinacy is contributing to the “new normal” of permanently high unemployment. — Krugman.
In the United States, we learn that Barney Frank was responsible for the housing bubble and the financial crisis. Who knew that a member of the minority party in the House, at a time when Republicans not only ruled the House with an iron fist but also controlled the White House, had such power? — Krugman.
[I]f powerful political forces block any effective response to a crisis, there is no effective response to that crisis. — Krugman
Medicare must be destroyed because private insurance — vouchers — is a superior solution because Medicare costs are rising slower than private insurance premiums.
Doomed! The Big Banks want another crash because if they lose enough, they get the government to cover their bad speculative losses — and the Supreme Court is making it easier for them.
Doomed! Because Our Leaders are unprincipled, opportunistic, dishonest assholes.
Doomed! Things just aren’t getting better.
Good news for Bristol Palin: I still won’t think of the publicity whore daughter of a deranged, dangerous, greedy publicity whore as a slut.