Monday, October 27, 2008

Mister, We Don't Need A Man Like Herbert Hoover Again

Just in case the weather, the likely results of the election, or the imminent end of the baseball season hasn't got you down, Arthur Laffer's piece in today's WSJ called The Age of Prosperity Is Over should be able to cloud up even the most cock-eyed of optimist's (like Atomizer) outlook:

There are many more examples, but none hold a candle to what's happening right now. Twenty-five years down the line, what this administration and Congress have done will be viewed in much the same light as what Herbert Hoover did in the years 1929 through 1932. Whenever people make decisions when they are panicked, the consequences are rarely pretty. We are now witnessing the end of prosperity.

Meh. The whole "prosperity" thing was always overrated anyway.

No comments:

Post a Comment

Post a Comment