| "If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the automakers. Under ordinary economic circumstances, I would say this is the price that failed companies must pay -- and I would not favor intervening to prevent the automakers from going out of business. But these are not ordinary circumstances. In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action." |
The neocomrades’ 566/640 Kid is not especially good even at apostasin’ , is he, Mr. Bones?
Will the militant extremist Denkpanzer of OnePercenterdom -- their AEIdeologues and their Heritagitarians and their Hoovervillains, plus also the Catoholics, an Associated rather than an Allied Power -- now conclude their Party’s Dynasty Boy was really, really dumb all along? Was he up to graspin’ the dogmatic theology of Mammonism even in quiet times? To muster the level of sophistry (or cynicism) a loyal High Mammonian requires at the moment has always been off that little laddie’s scope by everybody’s account.
Now considering that the Learnèd Elders of Vanity Fair have never been so unreasonable as to expect their pols to understand what it is that they, the pols, are defendin’ when they defend the Protocols of the Chamber of Commerce, it would not be nice or edifyin’ if they turn on the 566/640 Kid too sharply. Should they want a hunk of pseudacademic flesh they can really get their teeth into, let them set to on Neocomrade "Doctor" A. Greenspan, whose rake's progress brought him at last to his Cannæ and Stalingrad and Waterloo and Grammarian's Funeral:
| In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was "partially" wrong in opposing regulation and stated "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity -- myself especially -- are in a state of shocked disbelief." Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Rep. Henry Waxman (D-CA) then pressed him to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Waxman said. “Absolutely, precisely,” Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.” Greenspan admitted fault in opposing regulation of derivatives and acknowledged that financial institutions didn't protect shareholders and investments as well as he expected. |
Compared to the Archangel of the Apostasy detectin’ a ‘flaw’ in the theory of High Mammonolatry, it is no big deal that the Krawford Kiddies would rather leave some Legacy visible to hack journalists and junior-high-school textbook authors than receive the blessin’s of the LEVF, Learnèd Elders of Vanity Fair.
If there were any justice in the world, absolutely everybody would fling a shoe or two at the catafalque of Neocomrade "Doctor" Alan Greenspan as it solemnly progresses down Wall Street towards the People’s Recycling Center. But as thee know, Mr. Bones, there is no justice in the world, so don’t let anybody sell thee a ticket to that show -- not unless she will toss in a Brooklyn Bridge or two as well. Or possibly a used mortgage that belonged to a little old lady
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