Wednesday, October 28, 2009

Reality Bites!

Today from Holman Jenkins at the Wall Street Journal, a despairing but accurate synopsis of where we are politcally and economically.

You'll laugh.
It's no exaggeration to say the Senate health-care bill taking shape is the equivalent of climbing aboard a train about to plunge into a canyon and deciding what it really needs is a bomb on board.
You'll cry.
One might have guessed it would take a decade of Obamanomics to produce European welfare state levels of youth unemployment, but at 18.5% we're there.
You may even shake your head in amazement and wonder if we will ever learn.
By one metric alone, it might succeed—somewhat reducing the numbers of those who tell pollsters they are "uninsured." But it does so in a fashion reminiscent of the means the Clinton and Bush administrations used to raise the homeownership rate from 64% to 70%—which produced the subprime wreckage around us.
It's not even 9am, but I need a drink!

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