Comments on: The Panic Imperative http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html Dispatches from a Small Business Sun, 12 Feb 2012 09:39:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: K http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14144 K Wed, 15 Oct 2008 01:49:51 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14144 <p>I'm with Scott. What does Bush gain from making the mess seem worse? Or the GOP? </p> <p>One can always generate Machiavellian logic to prove X, Y, or Z benefits from any event. That doesn't prove they did, or even that they tried to. </p> <p>Obama seems the uninvolved beneficiary from the crisis. His polling numbers went up sharply. And I don't see any other big reason.</p> <p>And the Democrats in Congress simply didn't want to risk saying no. If they blocked passage and disaster followed they had five weeks to lose the election. Backing Bush posed no risk. And they could tack on hundreds of earmarks before passage. </p> I’m with Scott. What does Bush gain from making the mess seem worse? Or the GOP?

One can always generate Machiavellian logic to prove X, Y, or Z benefits from any event. That doesn’t prove they did, or even that they tried to.

Obama seems the uninvolved beneficiary from the crisis. His polling numbers went up sharply. And I don’t see any other big reason.

And the Democrats in Congress simply didn’t want to risk saying no. If they blocked passage and disaster followed they had five weeks to lose the election. Backing Bush posed no risk. And they could tack on hundreds of earmarks before passage.

]]> By: Scott Wiggins http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14143 Scott Wiggins Wed, 15 Oct 2008 00:05:44 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14143 <p>"Another GW declared (read engineered) crisis." And what pray tell does our soon to be retired President gain by manufacturing a crisis? If he had done nothing he would likely be compared with Herbert Hoover...I'm fairly certain that none of us have the visibility that Secretary Paulson has at his disposal. If a known and respected former Wall Street Banker sees a credit default Tsunami on the way, I'm pretty sure that action should be taken. And so, the President took action and the Congress followed. Warren Buffet's comments on the matter affirm the necessity of action. When the patient is off the operating table, we can discuss the finer points of surgery but we have to make sure the patient lives first.</p> “Another GW declared (read engineered) crisis.” And what pray tell does our soon to be retired President gain by manufacturing a crisis? If he had done nothing he would likely be compared with Herbert Hoover…I’m fairly certain that none of us have the visibility that Secretary Paulson has at his disposal. If a known and respected former Wall Street Banker sees a credit default Tsunami on the way, I’m pretty sure that action should be taken. And so, the President took action and the Congress followed. Warren Buffet’s comments on the matter affirm the necessity of action. When the patient is off the operating table, we can discuss the finer points of surgery but we have to make sure the patient lives first.

]]> By: markm http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14142 markm Tue, 14 Oct 2008 02:45:54 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14142 <p>"I know the Swedes have had their challenges with socialism, but how far left can they go before they've completely stripped a Nobel prize award of all legitimacy?" </p> <p>The Swedes are at a serious disadvantage here - it's the Norwegians that get to hand out the Nobel Peace Prize to the least deserving recipients they could possibly find.</p> “I know the Swedes have had their challenges with socialism, but how far left can they go before they’ve completely stripped a Nobel prize award of all legitimacy?”

The Swedes are at a serious disadvantage here – it’s the Norwegians that get to hand out the Nobel Peace Prize to the least deserving recipients they could possibly find.

]]> By: ErikTheRed http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14141 ErikTheRed Mon, 13 Oct 2008 22:57:40 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14141 <p>"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." - H. L. Mencken</p> “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” – H. L. Mencken

]]> By: Krugman! OMG! http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14140 Krugman! OMG! Mon, 13 Oct 2008 18:15:27 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14140 <p>I've often thought that, in the interest or promoting his ideas as superior, pointing out the fact that Hayek got a Nobel prize in economics was treading on shaky ground, because of the poor quality of work of several of the other economomists who were also Nobel prize recipients.</p> <p>But this clinches it. Paul Krugman has been awarded a Nobel prize in economics.</p> <p>I know the Swedes have had their challenges with socialism, but how far left can they go before they've completely stripped a Nobel prize award of all legitimacy? What's next, a posthumous Nobel for Marx? Hey, that guy did a lot in the field of economics, right?</p> I’ve often thought that, in the interest or promoting his ideas as superior, pointing out the fact that Hayek got a Nobel prize in economics was treading on shaky ground, because of the poor quality of work of several of the other economomists who were also Nobel prize recipients.

But this clinches it. Paul Krugman has been awarded a Nobel prize in economics.

I know the Swedes have had their challenges with socialism, but how far left can they go before they’ve completely stripped a Nobel prize award of all legitimacy? What’s next, a posthumous Nobel for Marx? Hey, that guy did a lot in the field of economics, right?

]]> By: Quincy http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14139 Quincy Mon, 13 Oct 2008 15:39:06 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14139 <p><i>No one who thinks that government would use fear to curtail civil liberties seems to think that government would use fear to curtail economic liberties. Why not?</i></p> <p>Simple. Except for the libertarians, they oppose economic liberty.</p> No one who thinks that government would use fear to curtail civil liberties seems to think that government would use fear to curtail economic liberties. Why not?

Simple. Except for the libertarians, they oppose economic liberty.

]]> By: delurking http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14138 delurking Mon, 13 Oct 2008 13:40:07 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14138 <p>And me. However, I don't have a blog so I don't have proof. </p> And me. However, I don’t have a blog so I don’t have proof.

]]> By: delurking http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14137 delurking Mon, 13 Oct 2008 13:39:54 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14137 <p>And me. However, I don't have a blog so I don't have proof. </p> And me. However, I don’t have a blog so I don’t have proof.

]]> By: Adam http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14136 Adam Mon, 13 Oct 2008 08:49:09 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14136 <p>Amen to that. We've had almost semi-annual "end of civilization" claims in the last 10 years: y2k, dot.com crash (does anyone remember that?), 911, bird flu, global warming, and peak oil. Some of these were bad, but none were the end of civilization. Indeed, the greater threat to civilization came in the way governments responded. </p> Amen to that. We’ve had almost semi-annual “end of civilization” claims in the last 10 years: y2k, dot.com crash (does anyone remember that?), 911, bird flu, global warming, and peak oil. Some of these were bad, but none were the end of civilization. Indeed, the greater threat to civilization came in the way governments responded.

]]> By: Anonymous http://www.coyoteblog.com/coyote_blog/2008/10/the-panic-imper.html/comment-page-1#comment-14135 Anonymous Mon, 13 Oct 2008 08:10:54 +0000 http://coyote-blog.com/wordpress/2008/10/the-panic-imper.html#comment-14135 <p>"Another GWB declared crisis"</p> <p>Your friend might want to look at Schumer's run on the bank and Frank's "parter" at Fannie Mae and Frank's and Pelosi's, along with mostly Democrats', attempt to rush legislation through.</p> “Another GWB declared crisis”

Your friend might want to look at Schumer’s run on the bank and Frank’s “parter” at Fannie Mae and Frank’s and Pelosi’s, along with mostly Democrats’, attempt to rush legislation through.

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