Thursday, October 28, 2010

The Irony

...of a liberal calling the American people near-sighted.

Some guy, named David Berman, whom FLG assumes is liberal, objects to a recent David Brooks column:
Bailouts are unpopular — especially with those who don’t know the difference between the short-term problem of the banking crisis and the long-term problem of deficits (nearsighted), and those who don’t know that most of the Troubled Asset Relief Program, or TARP, is being paid back (ill informed).

Bailout are unpopular for a variety of reasons, but you, being a liberal and by virtue of your entire outlook are short-term focused, probably only see the short-term one -- that people are objecting to the inherent unfairness of fat cats being bailed out. But those fat cats are paying it back, so little harm done.

Well, we conservatives, who do actually see the long-term are not only worried about the deficit, but also this thing called moral hazard. Jackass.

Health care is unpopular — especially among those who don’t know that much of the reform hasn’t taken effect yet (nearsighted), and those who think it’s socialism (ill informed).

I know most of it hasn't gone into effect, and you know what, it's still unpopular with me. Moreover, it's not necessarily that this particular bill, .i.e. the short-term, is socialism, but the concern is that this bill leads on a path, both by expanding the government's role in health care but also by the problems that this bill itself will create, that will lead us to more toward socialism in the long-term. Dumbfuck.

And financial regulation is unpopular, especially with those who don’t remember it was deregulation that caused the crisis (nearsighted, even in hindsight), and those who still believe markets are rational (spectacularly ill informed).

Oh, really? It's simply deregulation that caused the crisis? I see. Well, that's interesting because the elimination of Glass-Steagall, which every dumbass, smug, and economic know-nothing on the left wants to reinstate, actually helped stabilize the system by allowing companies like Bank of America, a commercial bank, to buy Merrill Lynch, an investment bank.

In short, the Democratic and Republican narratives of this election are in complete agreement — Americans are indeed nearsighted and ill informed, just as Republicans wanted them to be, and their blindness and ignorance will indeed inform their votes.

Fantastic. Well, I'm certainly glad that the supposedly far-sighted, well-informed people like you are going to lose this election because you are neither. You can't possibly break out of your strong valuing of the short-term and steep discounting of the long run because you don't even realize that your doing it.

1 comment:

The Ancient said...

Re: far-sighted/near-sighted --

Andy McCarthy writes this morning at The Corner:

Obamacare is a good bet for the Dems because, even if they lose the next two or three election cycles (which I think their hard Left base has factored in), they figure the GOP is more interested in controlling big government than in rolling it back; therefore, Obama’s gains will be consolidated and, eventually, the Dems will be back in control of the hyper-intrusive, central-planning state of their dreams.

I think that's about right.

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