Next thing you know they’ll give Pearlstein a Nobel Prize
If you have a big home equity loan, an even bigger mortgage, over the limit credit cards, a car that will last a year with a loan that will last three, and poor prospects for future employment, apparently, the thing to do is to start lighting cigars with hundred dollar bills. When this is the prevailing wisdom, the end is nigh as the thought contains no wisdom and indicates a widespread acceptance of irresponsibility. This bastardization of the work of John Maynard Keynes has taken root in news rooms, editorial pages, legislatures, and cable news stations from sea to shining sea and across the fruited plain. It is accepted as if it came down from on high carved into stone tablets. One side decreeing the dangers of anthropogenic global warming and the other extolling Keynesian economics and specifying the liberal programs to spend money on to stimulate the economy. All of this presented as if it were based on science as sound as Newton’s Laws of Motion. The worst part is reading hack columnists like Steven Pearlstein denigrate prudence as economic illiteracy.
Eventually we all become that which we despise.
Just a few hours to go and I still haven’t made up my mind I should not be surprised to find myself in this position. In the past I could rely on one party or the other to field a candidate that was immediately recognizable as a disaster in the making. As our national pathologies have deepened, the ability of the parties to field candidates that can even feign competence has disappeared. Still, I don’t know if it will be worse living in a country led by studied socialist Barack Obama or accidental socialist John McCain.
A poor job of preparation blunts Palin’s ability to save the McCain campaign
The job of preparing Sarah Palin to face the media was done poorly. The campaign held off the press for several weeks. This gave the Governor a chance to cram for her debut but it also let the press set an ambush. I don’t know what was done in the period between Sarah Palin’s introduction to the country at the Republican convention and her first interview but it was not effective. Mrs. Palin didn’t let her inner bulldog out. Instead, the press went on an offensive to prove she is not qualified for the office she is seeking.