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Careful historical analysis reveals a pattern to Bush’s presidential vacuity.

There’s an algorithm at work here: the level of intelligence he displays is always in inverse proportion to the grand vileness of the plot he is hatching. The greater the evil, the dumberer he acts. I’m saying that George W. Bush may be stupid, but he’s no fool. In a humble, folksy twist on Machiavelli, he uses his stupidity for political gain. And that’s precisely what’s going on right now.

... There’s always a plan behind the W dumb-show. So what is this telltale spike in presidential tomfoolery telling us this time?
Simple. It’s the Republicans trying to buy a nice big set of handcuffs for President Obama—or anyone else, for a long time to come. When the funds transfers are complete, be it in installments or one spectacular $700 billion tranche, there will be virtually no new social spending possible. There will be no way to lower taxes on the middle class. There will be no way to enact health care reform. There will be no means for the federal government to effectively run many existing programs, which will lend luster to the Republican calls for privatization of Social Security. All of the potential good that could come from finally jettisoning the anti-New Deal Party (because, let’s face it, that’s all the Republican platforms have amounted to from Goldwater to Reagan to Gingrich to W) will be lost in the tranches of capital diverted to those who need it least. The Gilded Age will come to look like Sweden by comparison. Tranche Warfare—the elite vs. everyone else. That, my fellow Americans, is the Plan. Bush is playing dumb so we won’t notice that his final stroke in office will be to make the Republican Revolution permanent and impossible to repeal for decades to come.

http://www.huffingtonpost.com/pete-cenedella/bush-may-be-stupid-but-he_b_129228.html

Un sacré “coup”
lire:
...“David I. Levine, a professor of economics at University of California-Berkeley, says the current plan being discussed has the wrong structure.

Erik Brynjolfsson, of the Massachusetts Institute of Technology’s Sloan School, said his main objection “is the breathtaking amount of unchecked discretion it gives to the Secretary of the Treasury. It is unprecedented in a modern democracy.”

“I suspect that part of what we’re seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,” said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
Strategic Game Playing At Taxpayer Expense

Read that last paragraph above carefully. It is critical so I will repeat it “I suspect that part of what we’re seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,” said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.

Tonight Washington Mutual went under. There have been 7 bank failures announce this year, all of them on a Friday. This one is on a Thursday. Game playing to create a sense of urgency? You tell me. What I will tell you is there is no need to rush into a $700 billion package when 190 economists, a current Fed governor, and a former Fed Governor all perceive the bailout for what it is: A bailout of Wall Street that will cost at a bare minimum $2,000 for every man woman and child in the United States.”

C’est dans :
http://globaleconomicanalysis.blogspot.com/