Tuesday, October 14, 2008

A stark realization

I am finally able to sum up what has been going on economically and financially. The answer came to me after listening to NPR Senior New correspondent, Daniel Schoor's editorial yesterday: the privatization of gains and the socializing of losses. It is the classic heads I win, tails you lose. It is crisis capitialism. All of this is the result of Republican-enacted deregulation during the six years of a Republican administration and Republican Congress and the stewardship of Alan "I don't know if I really exist or not" Greenspan, the Ayn Rand disciple, who was left in place during the Clinton Administration, too. Add to this war profiteering and you have Bush-Cheney o' nomics. Many ships have been steered aground by so-called captains of industry. In the Navy such captains lose their ships and are asked to resign their commissions.


  1. This is the best synthesis of the whole crisis I've seen yet!

  2. The Ironic CatholicOctober 15, 2008 at 8:04 AM

    This does nail it, I must say.

    BTW, it sounds like the new bishop appointment for Winona, your university's home, is a good one. High spirits in general here.