Wednesday, September 17, 2008

John McCain meet Herbert Hoover

As anyone who reads this blog knows, I'm a confirmed Paul Krugman fan. I value his knowledge, his political perspective and, most of all, his ability to explain the economy in terms that make sense. Today Krugman brings a couple of interesting facts to our attention in his blog. He reminds us of how John McCain is sounding eerily like Herbert Hoover on the eve of the Great Depression, and then points us toward the "postmodern bank run(s)" happening now.

Updated with image of Hoover.


Anonymous said...

Hmm...Herbert Hoover versus Benito Mussolini.
Who will prevail?

Diane Silver said...

I'm not certain this even rises to the level of chaff, and that's saying something.

From a previous comment I posted, here's my discussion of chaff.
This comment is chaff, and it is being used for the purpose of deflecting the reader away from the real issue. defines "chaff" as "strips of metal foil dropped by an aircraft to confuse enemy radar by creating false blips."

Don't be fooled by the false blip.