Friday, November 14, 2008

Fair, Balanced, and Wrong

Q: What's worse than being wrong?
A: Being hated for speaking the truth.

Watch the boys and girls of Fox News get a year's worth of Peter Schiff shoved up their asses. It might be funny if this was happening on someone else's planet, but I doubt it.

I watched this clip several times; I felt a little worse with each viewing. The third time was enough... I had to stop. By then it was like looking at a reflection of our society with a bunch of hideous monsters playing the parts of all of us, while acting out the script we wrote during our last 30-odd years of bubble-building. The piety and haughtiness I saw in those who offered nothing but contempt for the man who dared express an opinion that differed from Fox-thought left me feeling cold, empty, and ashamed. When I realized that these buffoons were the same people whom we're trusting to get us out of this colossal mess, I felt worse than I ever thought possible to feel and still live.

Using the benefit of hindsight, we can appreciate the stomach-wrenching truth of Schiff's prophetic warnings as the Fox News Force gleefully marginalize and minimize his every (correct) prediction. But when the clip ends, we're jarred awake with the ultimate buzz-kill of our current economic reality and the deafening yet nebulous sucking-sound coming at us from dead ahead.


Technically speaking, the Great Depression lasted 44 months. That is the length of that that the economy was continuously shrinking between 1929 and 1933. Of course, the contraction was so devastating that the entire decade of the 1930's became known as the "depression era", simply because, once we had fallen into that abyss, it took a long time to crawl out, and even then not without setbacks (e.g., the "Roosevelt Recession" in the late 1930's). It will doubtless take us many years to recover from the current depression even after the economy stops contracting. Also one should not underestimate the ingenuity of the Federal Government in finding ways to prolong it.
--Astatula Map

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