Tuesday, June 21, 2011

Woe is US

We really didn't know what “W” stood for early in his reign... “Winner” we hoped (against all evidence). “Wastrel” seemed more probable but was too obscure. “Wrong” fit when he pushed for a war in Iraq based on WMD. Finally, at the end, we knew: “Worst”. Ignoring Richard Clarke's warning about 9/11, ineptly prosecuting two wars, never finding Osama Bin Laden (OBL). A budget surplus turned into a historic deficit. Enron early, Madoff late, a destructive housing bubble supported by a massive derivative market testifying to the lax or absent oversight. Chalk that up to what W didn't learn in Harvard Business School.

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