Wednesday, November 17, 2010


It's been a while, but this one is moronic even by Bobo standards:

The economic approach embraced by the most prominent liberals over the past few years is mostly mechanical. The economy is treated like a big machine; the people in it like rational, utility maximizing cogs. The performance of the economic machine can be predicted with quantitative macroeconomic models.

These models can be used to make highly specific projections. If the government borrows $1 and then spends it, it will produce $1.50 worth of economic activity. If the government spends $800 billion on a stimulus package, that will produce 3.5 million in new jobs.

Everything is rigorous. Everything is science.

Conservatives, who are usually stereotyped as narrow-eyed business-school types, have gone all Oprah-esque in trying to argue against these liberals. If the government borrows trillions of dollars, this will increase public anxiety and uncertainty, the conservatives worry. The liberal technicians brush aside this soft-headed mush. These psychological concerns are mythological, they say. That’s gaseous blathering from those who lack quantitative rigor.

Hanh? Lemme get this straight -- one of the most steadfast, indeed tediously consistent, preachers of the technocratic gospel is now protesting the supposedly topsy-turvy nature of What's Going On? Surely a heaping helping of doubleplusbullshit can't be far behind.

It’s been harder to dismiss morality as a phantom concern, too. Maybe in a nation of robots the government can run a policy that offends the morality of the citizenry, but not in a nation of human beings, as the recent elections showed.

Fair enough. Whence the morality, the righteous indignation, against the thieves and scammers who shitcanned the economy, forced the taxpayers to bankroll their "mistakes", are now sitting on hoards of cash that they won't lend out to rejuvenate the economy, and have dragooned a like-minded bunch of abettors to fuck people out of their homes with fraudulent paperwork? No, of course not; Bobo merely hangs his balding pate, shaking his head sadly at the Spock-like bloodlessness with which machine-messiah liberals insist on running our proud, tradition-rich society. This is truly a feat of some estimable proportions, to completely look past and implicitly absolve the destructive, sociopathic greed of a niche of derivatives pirates, and lob dickless wads of disapproval at the management style of -- wait for it -- a bunch of dickless drones who don't have the balls to take on their benefactors.

Lloyd Blankfein could demand a sacrifice of a thousand barbecued live infants for next Walpurgisnacht, and the Democrats would cringe timorously and murmur tepid disapproval, and people like Bobo would berate said Dems for their lack of support for our fine capitalist insect overlords. This is a rotten fucking little system all the way around -- the people who run and rape the finance system, the people who are supposed to legislate and regulate it, and the people who are supposed to analyze and report factually with at least a trace of intellectual honesty -- and it won't change until we set up a guillotine on Wall Street and make an example of some of these humps.

I do not understand why this has not been done yet. Perhaps at some point enough of the folks who are getting ass-raped out of their houses will band together and do or demand something. Or they may choose to wonder instead if Snooki takes it up the poop-chute. (Answer: mos def, but only if the hot tub's hot and the Four Loko is room temperature. A lady has to have her standards, even if said lady is really a transvestite Oompa-Loompa.)

Yes, if only we could just run things with a bit o' common sense, as if wage stagnation, income disparity, and banana-republic-level wealth stratification have not been ramping up and destroying the middle class for three decades now. I have absolutely no clues where Serious Thinker Bobo proposes that the "low debt" and "high savings" are supposed to come from, perhaps that bottomless pit of moxie and/or gumption that well-heeled bootstrappers like himself assume exists somewhere out in the vaunted flyover country that media dipshits constantly champion, but never seem to actually reside in.

With any luck, he'll someday find out firsthand. Really, if the market for corporate butt-boy suddenly fell out and Bobo had to make something resembling an honest living, it's difficult to tell what actual skill he has. Anybody can peddle tendentious "opinion" guff on unsuspecting passersby -- it's called blogging, and there's an infinite variety of better content produced for free across these here intartubez. At some point his toadying may no longer be cost-effective, and his periwinkle-collar commiserating may be put to the test.

1 comment:

Bob Hopeless said...

Nothing to add, you said it all. Love reading your stuff.

Brooks - what an asswipe. Fact is, if the fucking NYT suddenly didn't require his utterly useless services, he could probably find work as a "reasonable liberal" on Fox or something. Might make him queasy for a minute to mix with such riffraff, but he'll get over it.