18 November 2009

I Told You So

Today the papers are all aglow with the bonuses about to be bestowed on the Wall Street Cretins (ooh, I mean Titans). As I said in the inaugural installment of this endeavor, recovery can't work just because recovery means to restore the status quo ante. And it was the status quo ante which caused the problem.

Welcome to the United States of Bananas.

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