Eugene David ...The One-Minute Pundit |
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Tuesday, November 18, 2008
In light of what this dimwit LORD wrote, and especially given that stupid list of his, we may ask if the "prosperity" of the last twenty-five years was a chimera. It seems to have had three or four spurts: first the obsessive buying and merging of the decade of Milken, then the idolatry of the BUGMEISTER and His cohorts, than the Web fad, then the housing psychosis. What did these get us aside from big CEO pay and lots of debt? No accident during all this time America largely de-industrialized and gamb -- GAMING was a boom biz. The only people who gained were JIM CRAMERS, and now they're screaming of DEPRESSION!!! and trying to hide their money-burning tracks. That so much of it centered too on the hero worship of GREENSPANS and KENNYBOYS underlines the hole in its money-making soul.
Con-SER-va-tives seem to have this hugely justified if unspoken notion they may not come back because so much of their movement expounded on the joys of greed, neutralizing its railing at the moral and social excesses of the time by splurging on excesses of its own. If so, they need only look for the dollar signs no longer in their eyes.
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