a Form of Looting [Nobel-prize winning economist interviewed about Bush]

[Kellanved]

http://www.spiegel.de/wirtschaft/0,1518,258983,00.html (it is in English ;-))
--snip
SPIEGEL ONLINE: Professor Akerlof, according to recent official projections, the US federal deficit will reach $455 billion this fiscal year. That's the largest ever in dollar terms, but according to the President's budget director, it's still manageable. Do you agree?
George A. Akerlof: In the long term, a deficit of this magnitude is not manageable. We are moving into the period when, beginning around 2010, baby boomers are going to be retiring. That is going to put a severe strain on services like Medicare, Medicaid and Social Security. This is the time when we should be saving.

...

SPIEGEL ONLINE: It seems that the current administration has politicised you in an unprecedented way. During the course of this year, you have, with other academics, signed two public declarations of protest. One against the tax cuts, the other against waging unilateral preventive war on Iraq.
Akerlof: I think this is the worst government the US has ever had in its more than 200 years of history. It has engaged in extraordinarily irresponsible policies not only in foreign and economic but also in social and environmental policy. This is not normal government policy. Now is the time for people to engage in civil disobedience.

SPIEGEL ONLINE: Of what kind?
Akerlof: I don't know yet. But I think it's time to protest - as much as possible.

...
--snap


Ze has posted this earlier today in LBN.

[whoYaCallinAlib]

1. Amen . . . the worst government in history.

So, where are the protests? Where is the outrage? Is America asleep or what?

[rogerashton]

2. George Akerlof

lent distinction to the Nobel Memorial Prize, and not the other way around, when it was bestowed on him. A great economist!

[sam sarrha]

3. NEOCONS want to bankrupt the SSI and all Pensions so the bankers can steal

the money and produce a desperate low paid slave labor market.

[Octafish]

4. Exactly.

And once we're all penured, the able-bodied will be called upon to launch invasions on those even poorer than us in Eurasia and Eastasia... unitl all that remain are the one-percent who've benefited from all this greed, the people the Bush Organized Crime Family work for.

[barbaraann]

5. Dems: tax and spend GOP: loot and bankrupt

n/t