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Strategies & Market Trends : World Outlook

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To: Don Green who started this subject	3/28/2003 7:13:31 AM
From: Julius Wong	of 50388

Delusions of Power By PAUL KRUGMAN They considered themselves tough-minded realists, and regarded doubters as fuzzy-minded whiners. They silenced those who questioned their premises, even though the skeptics included many of the government's own analysts. They were supremely confident — and yet with shocking speed everything they had said was proved awesomely wrong. No, I'm not talking about the war; I'm talking about the energy task force that Dick Cheney led back in 2001. Yet there are some disturbing parallels. Right now, pundits are wondering how Mr. Cheney — who confidently predicted that our soldiers would be "greeted as liberators" — could have been so mistaken. But a devastating new report on the California energy crisis reminds us that Mr. Cheney has been equally confident, and equally wrong, about other issues. nytimes.com

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