Friday, February 06, 2009
STILL NOTHING
I'm in trial ... And so is America. A case is being put before the American people -- "the Stimulus." It seems like hollow bluster to me. The "Stimulators" accuse their opponents of adhering to a discredited ideology from the past that has turned out to be based on myths. But they mouth the faith of the Stimulators as if they were facts: "Spending X billion dollars in such and such a way will create Y jobs." They're not facts. They're theories; theories based on models and assumptions piled up upon assumptions.
All the while, the huge, lurking monster in the middle of the room is ignored: American industry has evaporated. Over the last forty years we have come to the point where we buy far more from abroad than we can afford. We do not create nearly enough real value in the United States to pay for this consumption.
If I were the judge in this trial, I would stop it: The Stimulators have put on no real evidence to support their claim, and they ignore the central issue in the case. Directed verdict: plaiintiff takes nothing.
GB, THHotA
posted by Greg 7:13 AM
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