I remain in continual awe of "Tyler Durden" at the zerohedge econoblog, who is an amazingly fecund and trenchant analyst (pretty good adjectives, huh?) of the American economic and financial market scene. Durden (his nom de blogue borrowed from the main character in "Fight Club") does not simply repeat the same tired stats one can read everywhere, e.g., the American economy is 70% consumer spending, we borrow a lot from China, et cetera. By now everyone knows that stuff, and yet blogsters like Jim Kunstler simply use those stats over and over, dressing up the doomsaying with artistic, novelistic writing (entertaining, to be sure) and leave you about where you started.
August 15, 2009
August 13, 2009
This is pretty hilarious stuff, the news that Dick Cheney is starting to bad-mouth W about Bush "going soft" and paying attention to irrelevancies like "public opinion" and the sentiments of the American people during his second term. Dick was always the True Believer: a thoroughly corrupt and manipulative schemer who used his office to enrich Halliburton and KBR, who disregarded any law he found inconvenient, who walked roughshod over the Constitution. It took quite a while for Bush, never that intellectually quick, to realize how much he had been pushed around by Cheney. The wars, the Unitary Executive, the high crimes, the treason of disclosing a CIA operative's identity, the war profiteering. Cheney always figured he could play his ultimate trump card at the end and assure himself and his henchmen of a Presidential pardon that would leave them free to enjoy their wealthy retirement beyond the reach of the law.
August 10, 2009
I guess the recession is over indeed. Everyone is saying so. In truth, I was wearying of the Armageddon/End of Days talk on Zero Hedge, Mike Whitney, Clusterf**k Nation, Peter Schiff and the rest. It's boring to admit, but as Paul Krugman writes today, the administration actually managed to maneuver the U.S. through the shoals and submerged reefs of financial calamity and avoided Great Depression II. James Kunstler, at Clusterf**k, has been reduced to bringing out W.B. Yeats and his "rough beast slouching," this time in the form of U.S. Treasury insolvency. When a Peak Oil guy has to resort to the same line of attack as Pete Petersen and his hysterical crew, you know he's running on empty. I'm just not impressed.