We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
It is hard to understand politics if you are hung up on reality. Politicians leave reality to others. What matters in politics is what you can get the voters to believe, whether it bears any resemblance to reality or not.
Under Johnson, an important Democratic operative, Fannie Mae became, Morgenson and Rosner say, “the largest and most powerful financial institution in the world.” Its power derived from the unstated certainty that the government would be ultimately liable for Fannie’s obligations. This assumption and other perquisites were subsidies to Fannie Mae and Freddie Mac worth an estimated $7 billion a year. They retained about a third of this.
Morgenson and Rosner report that in 1998, when Fannie Mae’s lending hit $1 trillion, its top officials began manipulating the company’s results to generate bonuses for themselves. That year Johnson’s $1.9 million bonus brought his compensation to $21 million. In nine years, Johnson received $100 million.
At Big Government yesterday, Phillip Dennis asked, “What Has Happened to Liberals In the Past 50 Years?” Here’s one answer: They went from viewing America as a beacon of freedom (or a Shining City upon a Hill, to borrow a phrase popular with both liberal icon JFK and former Roosevelt liberal Ronald Wilson Reagan) worth sharing with a beleaguered world to a Show About Nothing during that time. If only they had Upped Their Game during this period, instead.
That is crazy! Thanks. We need to be made aware of all this kinda crap happening so those that say they would NEVER stop us from planting on our own property can see it is already going on, and I don't care what ordinance they have, that does not make it LAW. and as far as that ordinance well I would not vote those in again that make such an ordinance...
As has happened before, I half-knew something but didn't see it in full color until Sowell described it. Reality is hard. It takes work, intelligence rather than cleverness, and a willingness to hold your own ideas at arm's length for a bit while you are evaluating results. And even then, results may be uncertain or ambiguous, and you can't club people with your brilliance anymore. But politics requires only a canniness, a cleverness with phrase or reading of the wave of fashion. It actually makes sense for people of moderate skills to choose professions like politics.
Worrisome though, ain't it?
Assistant VIllage Idiot