Economists are already using Iceland as a textbook case of how to ruin a nation's economy. As Paul Krugman notes, there is an "almost eerie correlation between conservative praise two or three years ago and economic disaster today."
As our free market comes under deadly assault by the Socialists and the Trotskyists in the White House, I'm proposing we hold a big fashion show and give all the money to the free market. Who's with me?
It's time to drive the final nail into the coffin of laissez faire capitalism. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.
Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology, and will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."
To the rapacious media: climb off your high horse and stop pretending you're shocked, shocked! Blagojevich is just doing publicly what the free market system has being doing privately for thirty years.
It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.