Magic Is The Answer

Paul Krugman has an excellent summary of the lack of action - both effective and ineffective - on the part of our government re our financial crisis:

So let’s summarize: The economy isn’t fixing itself. Nor are there real obstacles to government action: both the bond vigilantes and structural unemployment exist only in the imaginations of pundits. And if stimulus seems to have failed, it’s because it was never actually tried.

Listening to what supposedly serious people say about the economy, you’d think the problem was “no, we can’t.” But the reality is “no, we won’t.” And every pundit who reinforces that destructive passivity is part of the problem.

And the way things are going we won't be seeing much constructive action any time soon. After all, the most important thing today is whether these guys will get reelected next year. Isn't it?  The suffering and problems of the people who vote for these narcissistic idiots matters not.