Wednesday, May 12, 2010

Dear America:

"There may actually be something to this whole global depression thing caused by tax cuts and deregulated banks gone wild, so what we need to do is consider cutting taxes and loosening regulations on banks in order to help the economy.  Also, austerity measures for the little people sounds grand here.  We should do that."

--Robert Samuelson, Real Clear Politics

Bonus Verbatim Stupid: "Comparisons with the Great Depression remain relevant -- and unsettling. Now, as then, we may be prisoners of deep and poorly understood changes to the world economic system."

They're only poorly understood if you refused to pay attention for the last two years, sure.

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