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This page contains all of the posts and discussion on MemeStreams referencing the following web page: The Next Administration's Economy - Wall Street Column - Jesse Eisinger - Portfolio.com. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

The Next Administration's Economy - Wall Street Column - Jesse Eisinger - Portfolio.com
by Decius at 12:10 am EDT, Apr 15, 2008

The presidential campaign has gone on for so long that it feels like one of those bad dreams in which you run in slow motion but never get anywhere.

It's increasingly looking like the economic revival of the past few years—once celebrated on the right as the "Bush boom"—was a mirage, conjured up by excessive borrowing and irresponsible lending.

There will be blood.


The Next Administration's Economy
by noteworthy at 1:17 pm EDT, Apr 15, 2008

The presidential campaign has gone on for so long that it feels like one of those bad dreams in which you run in slow motion but never get anywhere.

There will be blood.

From the archive:

I was describing this to a friend over lunch in Palo Alto. As I was describing this the waiter came up behind me to take our order. I was in the middle of saying "it's very hard to enter the rectum, but once you do things move much faster", only to hear the waiter gasp. Whoops. I tried to explain saying "well, this is about" but with a horrified look he said "I do NOT want to know what this is about! Some people are just not interested in natural history, I guess.

A war born in spin has now reached its Lewis Carroll period. (“Now here, you see, it takes all the running you can do, to keep in the same place.”)

People say to me, "Whatever it takes." I tell them, It's going to take everything.

I've come to the conclusion that you actually want shifty, dishonest politicians elected by an apathetic populace. This means that things are working.

There are two reasons that people act: Carrots and Sticks. Lowering the barrier to entry might be a carrot, but the sticks are much more effective and come when the political situation makes it impossible for people to go about their lives without acting.

I'm confident that technology has improved the resources available to people if/when they choose to act. So far they don't need to, largely. Don't wish for times when they do. When people are involved and committed and political leaders are honest and have clear vision; that usually happens when things are really, really fucked up. Who are the U.S. Presidents we most admire? What was going on during their presidencies?

Eloquence is a sign of interesting times.


 
 
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