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Wednesday, November 12, 2008

And so it begins

This concerns Obama's Transition Economic Advisory Board, a board no doubt set to destroy the United States economy as soon as possible. As a Financial Times blogger notes, these guys are mostly labor union meanies, business people, protectionists and lawyers:

Except for a depressingly small minority among them, lawyers know nothing. They are incapable of logic. They don’t know the difference between necessary and sufficient conditions or between type I and type II errors. Indeed, any concept of probability is alien to them. They don’t understand the concepts of opportunity cost and trade off. They cannot distinguish between normative and positive statements.

In the Obama world this must be a part of that grand Change, a true bipartisan effort to save the US economy.

But worse, I'm sure, is on the way. No doubt Obama will take action by following in the footsteps of Hoover and FDR, presidents with experience in making matters worse, such as turning recessions into depressions. So, will there be a tax hike?

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2 Comments:

Anonymous Anonymous said...

Everyone will blame it on Bush and pre-Obama administrations. They will say that it was impossible for Obama to do any better.

November 13, 2008 3:47 PM  
Blogger Mikko Sandt said...

Yeah, well, that's the same argument some Bush fanatics used when the economy was going downhill after the dotcom crash. But if Obama is going to stick around for eight years I'm sure the "It's Bush's fault" crowd will sooner or later shut the fuck up.

November 24, 2008 2:42 AM  

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