Thursday, October 02, 2008

Strong performance

I like this campaign message from Barak Obama:

I thought Obama could have pointed out that a trickle down theory is as elitist in outlook as theories come.

I thought he could have mentioned that trickle-down theories are failing many of the well-to-do too. After all, what good is a capital gains tax-break when there are no capital gains? What good is more money when there are few stable places to make deposits?

Even so, I think he spoke confidently and clearly linked this crisis with strongly-held republican beliefs. Every American voter has seen republicans defending deregulation as if it were a holy duty. Nobody with any sense is going to believe John McCain's deathbed conversion to financial populist. That requires a level of gullibility that is possessed in great but still-insufficient supply.

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin