the timing of this financial debacle is that it inherently discredits the authors of these pernicious policies prior to the election.
They're still arguing that there was not enough "reform", and that taxes must be lowered, and that government is too intrusive, and that markets needs to be let to solve the problems - ie they are pushing the blame away.
And the discourse blaming them is not loud enough.
This is not and will not be just an American problem. The storm is hitting London just now. I hadn't thought it could be much worse than in the US, but, in relative terms, could it be worse in the City?
Oh yes, part of the choice for "Anglo" Disease is that it will be worst in London, which has essentially become a mono-industry. In the long run, we're all dead. John Maynard Keynes
inherently discredits the authors
In the sense that the party in power during a debacle always gets substantial blame from the general public, whether they had anything to do with it or not. Brad DeLong's characterization of Grover Norquist's general approach is apt and that sort of response from RW PR Tanks is to be expected. Deploring their tactics just makes them laugh.
More like inaudible. One has to know where to find such discourse and then don noise canceling headphones in order to hear said discourse. This has been my concern for a while. An ET "Think Tank" or institute would be a start. But there is a need for several and for ones that focus primarily on the US. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
