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David Bromwich

David Bromwich

Posted February 4, 2009 | 10:50 PM (EST)

Our God That Failed


The high doctrine of Economic Correctness of the Reagan-Bush-Clinton-Bush years is as bankrupt as Soviet Communism. It is all but officially dead. Why then are the president's economic advisers paid to prop it up and apply a sickly rouge and embalm it and set it in motion with galvanic shocks to simulate life? All the money proposed to be donated to bankers and brokerage houses to keep their discredited privilege is a proof of religious belief. The hundreds of billions in public funding to indemnify a huddle of private owners represent a sacrifice to our own god that failed -- an idol we cannot surrender the habit of adoring. And the plucking of state subsidy out of taxpayer pockets to ensure that nothing is state-owned: a form of savage prayer or burnt offering.