Ian Welsh is in an agitated state of irritation!
So very glad to hear your opinions. Unlike most of the morons who think Obama/Bernanke/Paulson/Geithner did the right thing, I predicted almost everything that happened to the economy, in many cases years in advance, and I sure as hell don’t think so.
But what do I know. Unlike the people who call the shots, I have a consistent record of being right far far more than chance would allow. Therefore, as with everyone else who called their shots right far in advance I have no say, but have to listen to morons who didn’t call it right tell us how they had no choice but do stupid things like not nationalize banks, not force banks to actually increase lending, not force bondholders to take a haircut, not institute massive progressive taxation and not pass a health care bill which is a massive giveaway to the medical industry of the US.
Great.
I hope all you morons who think there was no other choice but to do what has been done enjoy the right wing populist backlash that Obama and the Dems, by doing the wrong things over and over again, have made virtually inevitable.
God I wish Canada wasn’t right next to America. Being in a dingy attached by a chain to the Titanic, while the Titanic is run by morons cheered on by fools is immensely depressing.
Funny. Among econ-bloggers I like to read, he’s the relative optimist! To me, a decade of economic malaise and a mere right wing populist backlash sounds relatively survivable in comparison. Any room in that dinghy for steerage class?
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the event that is so unlikely it’s six standard deviations from the expected mean. i don’t think expectations mean what they used to.
eh?