Friday, August 26, 2011
More bad theories
Listening to Bloomberg radio, the Heart of Darkness. They're discussing politics with reporter Margaret Carlson. A good question: "Do Americans really care about what Bernanke does?" Carlson answered: "Yes. Partly because Republicans have made the debt ceiling a big issue, but mostly because they've seen in the last few years that the Federal Reserve has a big influence on their lives. They want to see Bernanke provide enough stimulus to get the economy running again."
A perfect example of the bizarre delusions that happen when you follow theory instead of observation.
The claim that pumping trillions of dollars into Goldman Sachs must create jobs in America is a THEORY. It's a theory that everyone in NY and DC believes as an absolute religious axiom, but it's still just a THEORY.
What do we see upon actual OBSERVATION? We see that Bugsy has poured about 3 trillion into the Swiss accounts of his gang affiliates, with EXACTLY ZERO effect on the economy of America. Plenty of effect on the Mafia Dick Erection Index (usually called the Dow for some arcane reason) but no effect at all on actual American business. And why should it have any effect? NONE OF THAT MONEY REACHES AMERICAN BUSINESS, THUS IT CAN'T HAVE AN EFFECT ON AMERICAN BUSINESS.
I'd guess that many Americans have made this observation, thus they DON'T want to see Bugsy devalue the dollar even more. Otherwise, why so much resonance from Rick Perry's precise description of Bugsy's actions as treason? ¶ 5:03 AM
A perfect example of the bizarre delusions that happen when you follow theory instead of observation.
The claim that pumping trillions of dollars into Goldman Sachs must create jobs in America is a THEORY. It's a theory that everyone in NY and DC believes as an absolute religious axiom, but it's still just a THEORY.
What do we see upon actual OBSERVATION? We see that Bugsy has poured about 3 trillion into the Swiss accounts of his gang affiliates, with EXACTLY ZERO effect on the economy of America. Plenty of effect on the Mafia Dick Erection Index (usually called the Dow for some arcane reason) but no effect at all on actual American business. And why should it have any effect? NONE OF THAT MONEY REACHES AMERICAN BUSINESS, THUS IT CAN'T HAVE AN EFFECT ON AMERICAN BUSINESS.
I'd guess that many Americans have made this observation, thus they DON'T want to see Bugsy devalue the dollar even more. Otherwise, why so much resonance from Rick Perry's precise description of Bugsy's actions as treason? ¶ 5:03 AM
