Friday, March 06, 2009

Today's New Word -- Macropocalypse

Today's oddest comment prize goes to John Hindraker, regarding the president's economic agenda.

Obama is an economic illiterate, and subscribes to the idea--which I think is rather common among Democrats--that what the government does has little impact on the economy. Obama likely believes that the economy will recover on its own, and in the meantime--in Rahm Emanuel's immortal words--he shouldn't let the crisis go to waste.

Ron Beasley observes...

So Obama is the "economic illiterate" in spite of the fact that the current economic crisis is the result of 30 years of Reaganomics - radical far right economics.

That and more at Newshoggers.

The FDR-made-things-worse meme is alive and well.

It didn't take much drilling to find a new word:

Umair Haque of the Harvard online business review made it up two years ago.
Now we find out what he was talking about.
Larry Kudlow is cut from the same cloth as Hindraker. (see above)
Here is Haque's comment...

Let me put this bluntly: if private equity and venture funds, corporations, and institutional investors had been...ummm...doing what they were supposed to be doing, instead of chasing artificial "profit", we wouldn't be in this mess to begin with.

Maybe a war on evil, lame, brain-dead business is exactly what's necessary.

And all God's people said AMEN!!

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