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The third factor is that it's always easier to sell a morality play than a nuanced explanation. And the present media environment penalizes politicians who attempt the latter, and reward those who do the former.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Fri Dec 9th, 2011 at 10:48:40 AM EST
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Who can expect the lay person to understand the nuanced explanation behind complex financial instruments dreamed up by PhD mathematicians-turned-bankers?
by asdf on Fri Dec 9th, 2011 at 10:57:38 AM EST
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True, but that's not necessary for voters to make an informed policy decision.

Voters need to know what legislative steps made it possible for them to do so in the first place.

Just as in Europe, voters need to be told that the current crisis is simply the last crisis in a nifty green dress.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Fri Dec 9th, 2011 at 11:13:27 AM EST
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