Tuesday, January 07, 2003

Billmon has an excellent breakdown of the stupidity that is the Bush stimulus package. It makes a nice main course to the previous appetizer from Paul Krugman. I think there is really only one reasonable response to the Bush proposal: laughter. These guys should never be taken seriously again (except where it comes to their willingness to do whatever it is to seize and hold on to power). America is currently being run by the same kind of yahoos who came up with the brilliant business plans that defined Enron and Worldcom. They've just scaled their plans up from billions to trillions.

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