Monday, July 23, 2012

Republican Judd Gregg, Author Of TARP, Now Promotes Superstition

What an embarrassing load of claptrap, here, from the Republican author of TARP, without any basis in facts, just pure superstition about dates, which is just a cover for the real point of the article, a weaseling defense of TARP in the face of Neil Barofsky's critical book on the subject, being released this week:


September is a month where unusual and often extremely damaging things seem to happen. It is the month that kicked off the Great Depression and led to Black Monday a month later. It also is the month in which, in 2008, the nation came close to a total economic collapse. ...

[T]here have been numerous sharp stock market downturns in September. Why these events seem to crowd into September is a subject of a great deal of conjecture.  There is no consistent answer. But it seems September is the point in the year where people assess where they have gone, and what the next year will be like, and make investment decisions based on their conclusions. ...


Unfortunately, this year, September may be a decisive month for the world and our nation’s economy. ...


This will probably be undeniably clear by September. ...



Not long, one suspects. September. ...

September has been a good time for such a reaction. ...