Donnerstag, 2. Oktober 2008

Sound bites and punch lines

Ceci n'est pas une gaffe...

If you watched this night's VP debate (ahem, was it really a debate?), you may understand what a gaffe may be. If it is successful, it may be called sound bite, particularly when A delivers it to score points relative to its counterpart B (which may then be called a 'punch'line:-).

Maybe also thoughtful, some funny comments, given by Thomas L. Friedman (NY Times, Wed, Oct 1, 2008, page A31) - hopefully, this is enough of citation), about what for possibly most seem more of a concern than talks on issues which are not really addressing the questions in so-debates.

"I've always believed that America's government was a unique political system - one designed by geniuses so that it could be run by idiots. I was wrong."

We have House members, many of them whom I suspect can't balance their own checkbooks, rejecting a complex rescue package because some voters, whom I fear also don't understand, swamped them with phone calls. I appreciate the popular anger against Wall Street, but you can't deal with this crisis this way. "
[the House rejected the bill on Monda, Sept 29, the Senate passed it on Wed, Oct 1]

"We're all connected. As others have pointed out, you can't save Main Street and punish Wall Street anymore than you can be in row boadt with someone you hate and think that the leak in the bottom of the boat at his end is not going to sink you, too. The world is really flat. We're all connected. 'Decoupling' is pure fantasy."
[didn't he write a book with the 'flat'-title...?:-)]

"I always said to myself: Our government is so broken that it can only work in response to a huge crisis. But now we've had a huge crisis, and the system still doesn't seem to work. Our leaders, Republicans and Democrats, have gotten so out of practice of working together that even in the face of this system-threatening meltdown they could not agree on a rescue package, as if they lived on Mars and were just visiting us for the week, with no stake in the outcome.
The story cannot end here. If it does, assume the fetal position."

1 Kommentar:

27 Strikes hat gesagt…

Thomas L. Friedman should calm down a little bit since the House just passed the revised rescuer plan this afternoon. What you can see is just panic and emotional. It may give a break to the market (Dow boomed immediately), but then what next? More rescuers? Obviously, America is being kidnapped by the rich towards “Americanized Socialism”, which is featured as the rich can get richer whatever the economy is up or down. The consequence of the pass of the bill may be seen in long run. It gives a wrong and mixed signal to market, its damage to market might be fundamental. Here is a link to a letter from 122 top economists to Congress against bail out plan. Although it was for the first bail out plan, it also applies to the revised one as it provides a view of perspective.
http://faculty.chicagogsb.edu/john.cochrane/research/Papers/mortgage_protest.htm