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Real Crash - by Howard

 
Hedge funds are gambling, while production is crashing. The real estate bubble is over, and going down. New York City is beautiful, that's why I take pictures of it, but it's the belly of the beast.

Steve Forbes- Capitalist Fool

October 27th 2008 22:09
Real Crash- Looking at Capitalism and its Laws:
Steve Forbes- British-style Fool
Steve Forbes- British-Style Fool


Good old Steve Forbes, the Republican, who in the good old days, was best at worshipping the Feds Alan Greenspan, is making the rounds again. Malcolm Stevenson "Steve" Forbes, on the cover of his eponymous magazine. Or is that a cover for stupidity. Once again LaRouche is right, not Steve Forbes.

When your family made money off the British-run China Opium trade, it seems to have hereditary effects, with this rabid proponent of British-style "free market" economics "The Capitalist Tool," although many consider the "t" in Tool to be a typo.Steve is a right-wing nut who ran for President in 1996 and 2000, on a platform of privatizing Social Security, a flat tax and deregulation, and was one of the signers of the infamous Project for the New American Century document in 1997, the founding document of the neo-cons' American Empire wet dream. I think that was the project to get all those sexy Arab girls in Iraq to be allowed to wear bikinis or something.

Today's New York Times reports that the Forbes staff held an "emergency meeting" on Oct. 10, as the Dow plunged, and "decided to rip up their next issue... Instead of their planned cover, they wanted something that would address the upheaval. Their solution? Their own boss, Steve Forbes, the company's chairman and an economic adviser to John McCain." His article is called, "How Capitalism Will Save Us." In his article, Mr. Forbes assures us that, "If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass."

We are impressed at Mr. Forbes's ability to describe the largest government intervention in history as "capitalism saving us," a dichotomy which in a lesser person might be considered schizophrenic, or at least shamelessly duplicitous, but Mr. Forbes explains the contradiction away by asserting that "What started in August 2007 was not the failure of free markets but the outcome of bad government actions." Whom the gods would destroy they first make mad, and Steve Forbes has clearly gone off the deep end, unable to deal with the failure of the Anglo-Dutch Liberal system and his beloved British Empire. So what he would have previously denounced as "tax-and-spend liberal socialism" instead becomes a "sensible rescue effort," as he warps reality to fit his own axiomatic fallacies.

Mr. Forbes, you are the idiot of the day. (Note SL, not all idiots are Democrats).


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2 Comments. [ Add A Comment ]

Comment by Janet Collins

October 28th 2008 03:21

Comment by Howard

October 28th 2008 15:01
Glad you liked it. Nice to see someone new drop by.

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