Worth A Thousand Foreclosures
Over the weekend, I was thinking about the images that best represent the profound institutional failure of the past eight years. Send me your favorites, and I'll try to post them or provide links where appropriate. I think this has to rank near the top (background info here):
A few posts ago, I noted how the cult of Greenspan and the media's focus on his personality diverted attention from the disastrous underlying policies. Remember this? Seems like a long time ago. I wonder what the market's like for one of those right now....
A few posts ago, I noted how the cult of Greenspan and the media's focus on his personality diverted attention from the disastrous underlying policies. Remember this? Seems like a long time ago. I wonder what the market's like for one of those right now....
posted by The Cunning Realist at Tuesday, December 09, 2008
9 Comments:
He ranks right up there with Tenet, Pace, and Bremer! LMAO. Presidential Medal of Complete and Total Failure. hahahahaha
A good one of Chris Cox
http://graphics8.nytimes.com/images/2006/12/11/business/11sec.1_600x355.jpg
By the end of 2009, it's estimated that 15% of all american families will be standing outside in the cold staring at their foreclosed home.
The neocons wanted the economy trashed. Greenspan gave it to them. Of course he gets a medal for it.
Chris Hedges on our best and brightest.
http://www.truthdig.com/report/item/20081208_hedges_best_brightest/
I was sent to boarding school on a scholarship at the age of 10. By the time I had finished eight years in New England prep schools and another eight at Colgate and Harvard, I had a pretty good understanding of the game. I have also taught at Columbia, New York University and Princeton. These institutions, no matter how mediocre you are, feed students with the comforting self-delusion that they are there because they are not only the best but they deserve the best. You can see this attitude on display in every word uttered by George W. Bush. Here is a man with severely limited intellectual capacity and no moral core. He, along with “Scooter” Libby, who attended my boarding school and went on to Yale, is an example of the legions of self-centered mediocrities churned out by places like Andover, Yale and Harvard. Bush was, like the rest of his caste, propelled forward by his money and his connections. That is the real purpose of these well-endowed schools—to perpetuate their own.
Once again, thanks for the link Goldhorder. He has a very interesting perspective.
He has had a very interesting life.
I just read his profile that was linked in the article. He has had an interesting life indeed! His book, "War is a Force that Gives Us Meaning" has been on my reading list for a while.
Love the Truthdig article. Sounds like a similar atmosphere to the '50s. Maybe we're due for another '60s, which would be welcome and disastrous at the same time.
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