Thursday, September 25, 2008

Anatomy of a Fail

Jerry Pournelle provides a good summary of how we ended up in this mess. If it sounds like a lot of smart people took leave of their senses, then you get an "A" for reading comprehension. Nothing that has happened in the last year was surprising to anyone other than those who were responsible for the mess. The result was predictable and was predicted. Repeatedly, and by people in much higher places than a grumpy blogger.

Meanwhile, as Rome burns, our moral defectives in Washington fiddle. If these people are all that stands between us and ruin, we are truly doomed.

Oh, and that little country just east of here that we try to ignore? You know, the one with nukes and spaceships that work and 20% of the world population and an economy based on making things? China, I think it's called? Anyway, they just suspended banking activity with US banks. Probably not important. In fact, forget I even mentioned it.

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