Dominick

Hope Springs Eternal - But For How Long?

Bernanke– is the new Rumsfeld

I just wanted to point out how well Bernanke takes over Rumsfeld’s role in expressing U.S. overconfidence to a half awake public.

Rumsfeld comforted us with the idea that impressive new U.S. technology would “shock and awe” the opponents with little the need for difficult worry or effort.

Bernanke first states that we do not need to worry because the subprime problem is contained, he now comforts us fools with the idea that any financial difficulty can easily be contained with a few simple tweaks by the government.

In place of financial virtue and sacrifice, Ben with very little effort (because he is so talented and the government is so infinitely capable) will put on a surgeon’s cap and perform a financial lippo suction to rid us of any unwanted fat and excess (and we thought Rumsfeld had a patent on the words “new lean and mean”). In place of exercise, a few petty government bail outs will be prescribed to those who continue to be in trouble, and we do not need to worry and can all sleep soundly and grow fat and complacent once again.

Wala