Posted by: Sameer | March 24, 2009

The conceit of power

Overall, Obama said his legislative program was designed to “make sure we do not return to an economic cycle of boom and bust.” Twice, Obama referred to the “fleeting” or “narrow prosperity” of recent years and said his administration would pursue a different course.

Obama really thinks that he is so smart, smarter than everyone in the past. He thinks that he can kill the business cycle when it has never been done before? He thinks he is so powerful that he can kill the business cycle, a part of the market that has been around before he was born and will be around well after he is long gone. You can’t kill the business cycle. Well I guess you could, if you eliminate the boom part. Then you have a business spiral. As in spiraling down the drain.

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