Fundamentals

I’m gath­er­ing, from my read­ing here and there, that most peo­ple don’t know that Her­bert Hoover famous­ly declared that the “fun­da­men­tal busi­ness of the coun­try” was sound. (Can it be “famous­ly” if most peo­ple don’t know it? Nev­er mind.)

That part­ly explains why Repub­li­cans seem eeri­ly com­pelled to echo Hoover; they don’t know what it makes them sound like.

Fun­da­men­tals — Paul Krug­man — Op-Ed Colum­nist — New York Times Blog

From the linked arti­cle:

For Hoover as for McCain, the insis­tence on “sound fun­da­men­tals” means that if nec­es­sary, the gov­ern­ment will throw a life pre­serv­er to busi­ness lead­ers; the rest of us are on our own.

I’m no econ­o­mist (and I’d appre­ci­ate any insight from oth­ers) but McCain’s com­ments real­ly do scare me. (They wouldn’t if about half of Amer­i­ca didn’t think he should be our next Pres­i­dent.)

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