Still the Best Congress Money Can Buy

I don't read anything the nytimes prints. Sorry, to far to the left for me. I think Katie uses it for feed for her teleprompter.
 
I think we are actually hoping the same of you, Pack (nice win by an underrated Nevada over an overrated Boise State, btw). A little less NYT and Frank Rich, and a little more von Mises and Rand...and who knows, you might be salvageable.

Taking politics out of it, the article actually had the dimmest flicker of an intelligent discussion about Wall Street. The problem is that Wall Street is in bed with government to the extent that they have collectively manufactured a system that allows individually staggering profits when financial instruments make money, and taxpayer hedged losses when they don't. It is the risk/reward curve on the street that is out of whack. Liberals like to spin that as a Republican greed curve, when the issue isn't party...it's self interest. Wall Street makes a lot of money catering to the deficit policies of taking from the productive have's (pandering to the progressive guilt) and loaning to the unproductive haven'ts (and then guaranteeing their debts) all while buying their political affections. [Somehow, through all of this, the Republicans take the incredibly immoral position that, as staunch defenders of spending just as much and stealing slightly less, they are less contemptible.]

As an aside...reading some of the Wikileaks...isn't it interesting how much the government has labeled "secret" when they actually mean "awkward and embarrasing". I mentioned to someone earlier today that the same people who put soldiers in harm's way are now blaming Wiki for endangering them...not for giving away secrets (the bulk of the leaks are more than five years old) but for shining the light on the incompetence of decision makers across the globe. Basically these are the international equivalents of a secret toll house cookie recipe, yet from listening to the screaming (and cries for the leakers to be put to death, by the way) you would think it was Obama's birth certificate and Newt Gingrich's wedding vows.
 
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Well, you're right. It is longer than a bumper sticker. I remain as unimpressed with Frank Rich as before, but since his livelihood is not dependent on impressing me, he will continue to champion a position for the NYT management.

I am only surprised that the NYT is still in business.

Don
 
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