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Politics : Sioux Nation
DJT 16.10+8.3%Dec 19 9:30 AM EST

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To: stockman_scott who wrote (95495)1/14/2007 11:23:24 PM
From: CalculatedRisk  Read Replies (4) of 361708
 
The Texas Strategy, The Urge to Surge, by Paul Krugman, Commentary, NY Times
select.nytimes.com

Excerpts here:
economistsview.typepad.com

Hundreds of news articles and opinion pieces have described President Bush’s decision to escalate the Iraq war as a “Hail Mary pass.” But that’s the wrong metaphor.

Mr. Bush isn’t Roger Staubach, trying to pull out a win for the Dallas Cowboys. He’s Charles Keating, using other people’s money to keep Lincoln Savings going long after it should have been shut down — and squandering the life savings of thousands of investors, not to mention billions in taxpayer dollars, along the way.

The parallel is actually quite exact. During the savings and loan scandal..., people like Mr. Keating kept failed banks going by faking financial success. Mr. Bush has kept a failed war going by faking military success. ...
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