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2010-02-22 Economy
Friedman: The Fat Lady Has Sung
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Posted by tipper 2010-02-22 05:20|| || Front Page|| [11 views ]  Top

#1 President Obama’s bad luck was that he showed up just as we moved from the fat years to the lean years.

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as "bad luck."
Posted by Mitch H.  2010-02-22 07:13|| http://blogfonte.blogspot.com/  2010-02-22 07:13|| Front Page Top

#2 Great quote from my favorite book "Time Enough for Love". I suggest Friedman read it.
Posted by Spot  2010-02-22 08:16||   2010-02-22 08:16|| Front Page Top

#3  President Obama's bad luck was that he showed up just as we moved from the fat years to the lean years.

The nation's bad luck was that Obama showed up just as we moved from the fat years to the lean years.
Posted by KBK 2010-02-22 09:40||   2010-02-22 09:40|| Front Page Top

#4 Barry appears to be manufacturing more "bad luck" for himself in the polls. He's slipped to a 41% diapproval rating.
Posted by Besoeker 2010-02-22 09:44||   2010-02-22 09:44|| Front Page Top

#5 It would be nice if the Obama years clear out the last longing love of Marxism left in so many Baby Boomers.
Posted by rjschwarz 2010-02-22 10:09||   2010-02-22 10:09|| Front Page Top

#6 Not likely Richard. Marxism is a virus from which there currently appears to be no known cure. Who would have thought, a would be Jewish lawyer turned philospher, writer, and social scientist from Trier, one of the loveliest Roman towns in Europe.
Posted by Besoeker 2010-02-22 10:29||   2010-02-22 10:29|| Front Page Top

#7 Let's begin the "Regeneration" by liberating Tom Friedman's quaint cottage.

Posted by Glomock Tojo6610 2010-02-22 10:49||   2010-02-22 10:49|| Front Page Top

#8 Doris Lessing, ex-communist & Nobelist in literature, has this instructive essay, which I recommend: Unexamined Mental Attitudes
Left Behind By Communism
Posted by Anguper Hupomosing9418 2010-02-22 13:10||   2010-02-22 13:10|| Front Page Top

#9 The Greatest Generation was both wise and foolish. It had to wage the Cold War, and win, but at the same time, it mortgaged the future of its posterity for its own prosperity.

With the hardship of ages past, there has come the hard fought wisdom that prosperity must be earned, for when just given, many recipients lack the tools to use their prosperity with wisdom.

By itself, it would just mean a return to poverty for the spendthrift. However, democracy unleashes a monster that makes the situation far worse. The notion that charity is such a beneficial thing that it should be compelled from all, not just given freely by the charitable.

And this was the terrible sin of the Greatest Generation. That they could take the wealth from one person, and distribute it to another person, and that good would come from doing so.

So generous they were with wealth that was not theirs to spend, that they have now pawned our national prosperity 100 years in the future--if their descent is foolish enough to honor these obligations, which they are not.

So the legacy of the Greatest Generation is to be roundly cursed for depleting our nation. The sacrifices they made are nearly forgotten, and it is those long dead that deserve credit. Those of the generation that survived, and their rotten offspring, the Baby Boomers, will live in infamy for their foolishness.
Posted by  Anonymoose 2010-02-22 13:27||   2010-02-22 13:27|| Front Page Top

#10 Friedman ought to fire his landscaper. Take a long look - it's atrocious, hidebound, smacking of nouveau riche, no imagaination whatsoever...
Posted by Raj 2010-02-22 21:58||   2010-02-22 21:58|| Front Page Top

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