April 26, 2005
Hold My Hand
So, the Chief Executive of the largest economy on the planet says its retirement program is going bankrupt. Why am I not impressed?
It's already a matter of record that Bush and his cronies, unlike the people to whom salaries and pensions are owed, have developed corporate bankruptcy to a high art. Indeed, bankruptcy has to be one of their favorite things--an opportunity to bail out of an enterprise that's gotten stale and an opportunity for new friends to pick up its assets on the cheap.
As every merchant knows, it makes good sense to buy low and sell high. The only question now is how low does our country have to go? And who's going to want to pick US up?
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