If you haven’t checked out that James Pethokoukis atrocity that John linked to, here’s a taste from April, 2008:
As a movie buff, I keep looking for the right cinematic analogy for the American economy. Try this one: It’s like the Terminator. Not the Schwarzenegger one—the other one, the Terminator from the second film. You could empty a shotgun—or in this case, an imploding housing market, credit crunch, and high oil prices—into that morphing metal dude, and before you know it, the thing’s all healed and chasing you again.
Why would anyone listen to this douchebag opine about a government default? Why would anyone continue to employ this douchebag as a financial economist? He makes Megan McArdle sound like Joseph Stiglitz.
No wonder we’re in the shape we’re in.



