Maggie's Farm

I wish someone at the Pentagon would call over to the White House and tell that guy that he's no longer fooling anybody that he doesn't know what he's doing, and that he'd better quit it, right now.

What worries me, Ron, is not the thing you describe, but something else going on largely under the public radar. Items:

1) for context, pick an article, or just glance at the blurbs, in order to appreciate the full meaning of the (sort of wishy-washy) word 'uncertainty':

http://www.bing.com/search?q=schlaes+uncertainty&form=IE8SRC&src=IE-SearchBox

2) Apply same to this quote inside a Glenn Reynolds blurb @

http://pajamasmedia.com/instapundit/124435/

"...nearly every one of the principals who brought such misery and shame upon their countrymen are free, prosperous, in many cases highly honored and “serving” still at the highest levels of political and financial power."

That group would contain the authors and interests who produces and passed into law a 2,5000 page bill --the length of which is itself almost universally characterized as an outrageous insult to the body politic and all its traditions and intents --known as Dodd/Frank, so complex that the financial system order law regulations implementing it are far from finished (at least 300 already overdue in 2011 and more coming which may not be finished, according to insiders, until the year 2015 IF then).

3) Since the fact that the one thing the bill was supposed to do (that is, rid us of the hideously destructive "too big to fail" organization of a large part, from Fannie to Citi, of the formerly market-based American financial system) is the one thing the bill did NOT do, we the people should have been having, for some time now, that moment in the horror film where the young lady realizes her boyfriend outside protecting her from the town serial killer IS the town serial killer.

IOW, the nation's 8000 regional banks --out there in flyover country --have an entirely more rigorous and expensive risk-pricing model than the govt-protected TBTFs, and cannot price that risk with the overhang of regulations yet to be laid on.

We the USA have 27 million businesses; six thousand are publicly-traded corporations. Ninety-three percent of the rest use their total equity position, including the owner's homes and real estate holdings, to create their business credit --their operating cash (in Dollars, to boot, but let's not go there for this argument). These credit relationships are in a shambles --and about half evaporated --over the inability to price risk --an inability the direct and easily seen result of the uncertainty injected into the formerly best-working commercial credit system the world of the middle-class boojwahzee had ever seen --injected by the same cabal in DC that designed and executed the subprime meltdown --which called for the Dodd/Frank Bill, natch --in the first place?

And they are getting away with it --that is, finishing off the Dollar and backing America into the UN's New World Order vision --because the people do not savvy the effect of uncertainty and rather want them to 'take their time' with the regulations so that this time they can 'get things right'.

Long/short, the regulators, not just financial but EPA, Energy, all the agencies, have locked up, legally and with dubious lawfare, the available dynamism of the people, in order to, as the argument has it, "protect the people".

But what if the gravest danger to the people is not from the world of life and risk and reward, but from this force which is --not according to any natural law but as the deliberate aim of a type of philosophy --overthrowing the people's traditional and chosen form of government, and replacing it with something unknown and produced by secret agenda?

Who is protecting we the people from the THAT?