Weekend Update 07-14-2012  The drag on our economy caused by
public sector job loss, primarily at the state and local level,
has been and continues to be enormous. The math isn’t even very
difficult and the underlying concepts are not particularly
complicated. Unfortunately, we’re in a situation where far too
much of our population and the politicians they elect are
choosing to see a fantasy world through ideological lenses
rather than anything that even vaguely correlates with reality.
Nor is it a matter of intelligence. As far as I can tell,
intelligence hardly even seems to be a factor. And right now I
don’t see any clear path out of delusion for our country.
Robert Reich on the Libor scandal(s). I can’t figure out why so
many Americans not only put up with this, but actively and
vigorously support the politicians who actively encourage this
sort of behavior and fight against any regulation that attempts
to prevent it. Do GOP voters suffer from some bizarre form of
Stockholm Syndrome? There has to be some