August 6, 2004
I pray that everyone reads this before they cast their vote in November.
(Just a couple of snippets from the mouth of a respected economist to your eyes.)
If we weren’t America, those budget deficits would already have led to a financial crisis. But, you know, the markets say: Well, it’s America. They’ll get their act together. And so we, the people, are still lending money. If we weren’t the world loan superpower, the ongoing disaster in Iraq would have been catastrophic already. The army is coming apart at the seams -- but slowly. This group of people have had the good luck, or maybe the bad luck in the longer run, to seize control of an institution that is capable of taking a lot of punishment before it really disintegrates.
If you think about how far down we’ve come in this short time, it’s actually pretty amazing. But I don’t know what happens if they manage to hold on, one way or another, in November. So far, every real-world thing they turned their hands to, every real-world issue, as opposed to politics, has turned to crud. Afghanistan’s a mess. Iraq’s a mess. The economy’s a mess. The budget’s a mess. Homeland Security is a mess. Four more years of this, and I don’t know. It’s going to be a pretty grim prospect.
and
But the economy has gone from wild to “eh.”After one quarter of high growth, summer of last year, it settled down to an ordinary pace, and then to actually less than ordinary lately. It was only 2% in the second quarter. And job growth is barely ahead of population growth. But their plan now is to just keep on saying how wonderful the economy is, and to keep people confused through November.
To quote Bushie Chief Strategist, Karl Rove, if you say a lie five times, it becomes the truth.
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