Sunday, March 29, 2009

Toxic Asset-
Oxy & Moron

Mark Steyn in NRO:
...Timothy Geithner, America’s beloved Toxic Asset...

“Our hope,” said Toxic Tim, “is that we can work with Europe on a global framework, a global infrastructure which has appropriate global oversight . . . ”
Global oversight
....When the Bolsheviks chose to introduce Russians to the blessings of a “command economy” 90 years ago, they were dealing with a relatively simple agricultural society largely contained within national borders. Obama and Geithner are trying to do it with a sophisticated global economy in which North American consumers, European bankers, Asian suppliers, Saudi investors, and Chinese debt-holders are more tangled than an octopuses’ orgy...
How'd that work out for the Bolsheviks?

Hopefully, in 50 years a Chinese writer will not be asking with a snicker, "How'd that work out for the Barackoviks?"

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