Monday, June 15, 2009

'Experts' Euthanize the U.S. Economy

What does the long-ago death of a matinee idol tell us about the likely results of Obamanomics? Glad you asked!
Actual science involves the ascertaining and application of facts, with the knowledge that there are more facts in the universe than any person can ever possibly know. The pseudo-religion of Science, by contrast, involves the belief that "experts" already know all the important facts, and that much of what we normally call "common sense" is contradicted by the facts most recently discovered by these experts, who constitute the high priesthood of the cult of Science. . . .
Think about how, when Timothy Geithner's nomination as Treasury secretary was before the Senate, we were told that Geithner -- who couldn't even correctly calculate his own income tax -- was nonetheless the only man in the country who could save our economic fortunes. Even Republicans praised Geithner, with Sen. Orrin Hatch of Utah calling him "a person of great integrity." . . .
Last week, financial analyst James Quinn portrayed Geithner, President Obama and Federal Reserve Chairman Ben Bernanke as the Larry, Curly and Moe of an economic slapstick routine that would be hysterically funny, if only the consequences weren't so predictably tragic. . . .
We should hardly be surprised that the journalistic priesthood sings the praises of the economic priesthood, even as Dr. Larry, Dr. Curly and Dr. Moe proceed to administer to the American economy the kind of Science that the surgeons provided to the late Jeff Chandler.
Read the whole thing.

UPDATE: The DJIA was down 200 points at noon. Maybe some "squirrels" are getting wise to the game.

UPDATE II: Somewhat related: Liberal mathematics.

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