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ARGeezer:
I have the sense that Paulson and the current crew in charge of the US economy do not want to find out how bad bad is.  If they did, it might be too obvious that many of their cohort are doomed.  I fear that the policies, if they can be called policies, that are currently being followed are tantamount to having the lifeboats of the Titanic tie on to the Titanic in an effort to keep it afloat.

slight correction, they don't want the public to know how deep the rot has set in.

at the same time as threatening social breakdown and martial law as blackmail!

that's what paulson's shit-scared of, and i can see why.

excellent twist on the titanic metaphor, btw.

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Sun Nov 30th, 2008 at 10:38:45 PM EST
[ Parent ]
While I agree that most of all they don't want the public to know, I suspect that even Paulson is afraid to look at  just how bad it really is.  Easier to ask "Who could have known?"

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 30th, 2008 at 11:50:50 PM EST
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