Tyrannical on 24 January 2009
“A recession is about the impact on sales, and layoffs are a function of profitability. That’s not the fault of the economy, that’s the fault of bad planning.” - Wedbush Morgan analyst, Michael Pachter
Of course all that bad planning was based on bad analysis.
Yet, today, America's leaders are reenacting every folly that brought these great powers [Russia, Germany, and Japan] to ruin -- from arrogance and hubris, to assertions of global hegemony, to imperial overstretch, to trumpeting new 'crusades,' to handing out war guarantees to regions and countries where Americans have never fought before. We are piling up the kind of commitments that produced the greatest disasters of the twentieth century.
— Pat Buchanan – A Republic, Not an Empire
