Sunday, September 21, 2008
But the Titanic is Unsinkable!
What analogy best fits the current economic disaster and boondoggle?
Rome is good. The Visigoths sacked Rome almost 1600 years ago — AD 410. What did the Romans think as they witnessed the conquering hoards approaching? I imagine sheer disbelief. Incredulity. "But this is Rome. Rome! The greatest city of the greatest empire in the world!" And Rome fell.
Better, I think, is the Titanic, particularly for how the least fortunate were treated. In the middle of frigid, iceberg-thick waters, the Titanic steamed ahead full-speed. Even as the ship began to sink, people insisted, "But the Titanic is unsinkable!" Then, as the first class and some second class passengers boarded lifeboats, the poor — the steerage passengers — were physically barred from the boats.
We the People are the steerage. Ignored. Even disdained by the likes of Alan Greenspan, George W. Bush, John McCain.
Labels:
Bailout,
Bernanke,
economics,
experts,
financial crisis,
Paulson,
public policy,
Titanic
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