Specifically, my thanks to him for writing this article, which starts with an alleged 2008 conversation that he had with two ‘Republican’ financial experts:
…one offered a dire and uncannily accurate forecast. He explained why banks would blow up, investments would crash and the federal government would have to spend “at least $300 billion” to bail out financial institutions.
The other financial expert listened closely, took a sip from his drink, and smiled. “This,” he said, “would seem like an excellent time for the Democrats to take power.”
I agree: it was an excellent time. After all, it’s their fault that we’re in this mess in the first place. Remember Burning Down the House? – because it’s an excellent time to revisit it, too. It’s a bit long; but think of it as a tutorial for helping you learn to deprogram some of your mugged-by-reality colleagues and friends.
It didn’t resonate in the 2008 election cycle… but, hey: it’s 2010 now. You better off now than you were in 2006?
PS: Dionne’s valiant attempt to pretend that nothing negative about the current economy – nothing at all – should be laid at the feet of the current ruling party has been both duly noted and mocked.