Indeed, these days America is looking like the Bernie Madoff of economies: for many years it was held in respect, even awe, but it turns out to have been a fraud all along …. it’s a fact that the crisis has cost America much of its credibility, and with it much of its ability to lead. And that’s a very bad thing. | This Is Why We Fail

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« November in Minnesota // Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company’s financial filings show. My question is—why? Is he never able to work again? He has absolutely no means of making money in the future? Or maybe he did such a good job they wanted to give him a parting gift—wait, that’s probably not it. My guess is he won’t be able to get a job because of the recession were in. Maybe he should have thought about that before allowing himself to be ousted by the government. What a jackass. »

Indeed, these days America is looking like the Bernie Madoff of economies: for many years it was held in respect, even awe, but it turns out to have been a fraud all along …. it’s a fact that the crisis has cost America much of its credibility, and with it much of its ability to lead. And that’s a very bad thing.

Indeed, these days America is looking like the Bernie Madoff of economies: for many years it was held in respect, even awe, but it turns out to have been a fraud all along …. it’s a fact that the crisis has cost America much of its credibility, and with it much of its ability to lead.

And that’s a very bad thing.

Paul Krugman: America the Tarnished

/// Posted Mar 30 2009 @ 6:59 am
// Filed under: Politics
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