Mogambo's got some nice riffs tonight:
dailyreckoning.com
Patently, Provably Stupid Stimulus Programs
"...Now, if stupid stimulus programs worked without engendering offsetting downside problems down the road, and if all excesses of money and credit did not cause more problems tomorrow than they solved today, well, then okay. But I want to sincerely say, with all the respect and profound humility I can muster for such an idea, is this is the stupidest idea that any stupid person ever cooked up. And believe me, being a real stupid guy myself I have come up with some real stupid ideas in my life, but this eclipses even me at my worst, and is patently, provably stupid stupid stupid. And, with all due respect, any doofus who thinks it WILL work is also stupid stupid stupid, and the short list of these stupid people includes almost everybody in Congress (ex-Ron Paul), and literally everybody at the Federal Reserve, as far as I know. I mean, there MAY be one person working in the mailroom or something at the Fed who ISN'T stupid, but I dunno..." |
