James Madison, letter to W.T. Barry, August 4, 1822

I think that technocrats uniformly underestimate systemic inertia. They overestimate their own freedom of action and how much they can actually change things without realizing the amount of time that it will take or the amount of opposition they'll encounter.

IMRTHO this is not eve the worst of it. The bigger problem is that the government is bought and paid for by industry groups and their army of lobbyist. The solutions are not really difficult to envision the problem is that they must pass muster or even implement relative to the push back you get from those who stand to lose. and whether we are talking about the banks, the health care industry, or agribusiness they all have the cash to make sure that nothing happens that will threaten their ability to increase their share of the pie.

What I fail to understand is why anyone defends a system that has explicitly legalized bribery and influence peddling under the moronic rubric of money = speech.

Read Alinsky. Obama is following the blueprint.

Ya he is....

In the original edition of the book, the preface states the following:

"Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history (and who is to know where mythology leaves off and history begins -- or which is which), the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom—Lucifer." [1]

Current editions of the book lack this controversial preface.

Anyone know why they took out this brilliant point?

In the beginning, there was the Plan.

And then came the Assumptions.

And the Assumptions were without form.

And the Plan was without substance.

And darkness was upon the face of the Workers.

And they spoke among themselves, saying, "It is a crock of shit, and it
stinks."

And the Workers went unto their Supervisors and said, "It is a pail of
dung, and we can't live with the smell".

And the Supervisors went unto their Managers, saying, "It is a container of
excrement, and it is very strong, such that none may abide by it."

And the Managers went unto their Directors, saying, "It is a vessel of
fertilizer, and none may abide its strength."

And the Directors spoke among themselves, Saying to one another, "It
contains that which aids plant growth, and it is very strong."

And the Directors went to the Vice Presidents, saying unto them, "It
promotes growth, and it is very powerful."

And the Vice Presidents went to the President, saying unto him, "This new
plan will actively promote the growth and vigor of the company with very
powerful effects."

And the President looked upon the Plan and saw that it was good.

And the Plan became Policy.

And this is how sh** happens...

I suspect Goolsbee to be just recently figuring out that what he was selling a few years ago has more in the way of holes in it, than he supposed. I also suspect some of the hostility is reaction to people at the conference who have also started to figure this out and are pressing the poor sot on the matter.

Not unlike Obama and the war on terror, he's being forced by the reality of the situation to an understanding that his original assessment is a pail of dung, and he's having problems selling stuff that smells quite so bad.

IN short, the plan has met reality, and the result is less than encouraging.

Wow... reality. What a concept!

I think that technocrats uniformly underestimate systemic inertia. They overestimate their own freedom of action and how much they can actually change things without realizing the amount of time that it will take or the amount of opposition they'll encounter.