“Rock-a-bye the voters with a Southern strategy; Don't you fuss; we won't bus children in ol' Dixie! We'll put George Wallace in decline Below the Mason-Dixon line. We'll help save the nation From things like civil rights and inte-gra-tion! Weep no more, John Stennis! We'll pack the court for sure. We will fight for voting rights -- To keep them white and pure! A zillion Southern votes we will deliver; Move Washington down on the Swanee River! Rock-a-bye with Ol' Massa Nixon and his Dixie strategy!”
-From the 1970 Gridiron Club Dinner
WThF?
5.13.2009
Wednesday = Words : How the World Works
So I don't really fully understand what's happening with the economy right now (it has been posited that nobody does), but what I do know is largely thanks to Andrew Leonard's How the World Works blog at Salon. He has a great way of wording more in-depth articles in a way that I can actually begin to comprehend. He also draws some pretty nice conclusions of his own...
"The Journal observes that "the compensation effort is the latest example of the government's increasing focus on aspects of the financial sector that once were untouched." But who is to blame for that? Nosy, intrusive government officials, or bankers who failed to properly manage risk?
If you want to bid adieu to free markets, please direct your sweet sorrowful parting words to the people who were primarily responsible for blowing up the global economy -- and not to the governmental officials attempting to clean up the wreckage."
"The Journal observes that "the compensation effort is the latest example of the government's increasing focus on aspects of the financial sector that once were untouched." But who is to blame for that? Nosy, intrusive government officials, or bankers who failed to properly manage risk?
If you want to bid adieu to free markets, please direct your sweet sorrowful parting words to the people who were primarily responsible for blowing up the global economy -- and not to the governmental officials attempting to clean up the wreckage."
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