Jane at firedoglake has excerpted a must read post by the oldman over at BOP. It is the usual masterful discussion of the current economic situation and some thoughtful prognosis on what may occur. I’m afraid none of it is good news. An important concept or thread that runs through the entire article is the reality that the Bush administration is totally bankrupt both intellectually and morally. The following excerpt says it quite clearly.
That is the essential point to grasp, that the guys in three-piece suits and the guys in wife-beaters neither of them have any fucking clue what is really going on much less where to take this country. They are literally making up shit and hoping that the world doesn't catch on that they don't have any idea what is going on. And everything comes from that original mendacity. The legal torture memos of Gonzales and the pissing on Korans in Gitmo all stem from the same root. THESE GUYS DON'T KNOW WHAT THEY'RE DOING.
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