Not “Fonzi”.
“Ponzi”!
Everything the government is doing now is going to make the situation much, much worse. They’re trying to reflate this bubble. All along I knew that what would potentially be fatal wasn’t the recession itself but the government’s response. But what they’ve already done exceeds even my worst-case imagination.
Although, I must say that that this whole “stimulus package” idea has jumped the shark.
Found via Samizdata
And, in case you missed it, I’ve got a picture of what every working household in America will be getting from the Obama Administration and the Democratic controlled Congress below the fold.
All the more better to go fuck ourselves with.
