Sunday, January 23, 2011

Politicians never see it coming!

Politicians Never See It Coming

“We just didn’t see it coming,” French lawmaker Francois-Michel Gonnot said of the boom. “What’s in the pipeline this year is unimaginable. Farmers were being told they could put [subsidized solar panels]  panels on hangars and get rid of their cows.”
Mish has the source.

Politicians never see the studen loan bubble, the unsustainability of Medicare, the endless problems of war, the bankruptcy of public pensions, the debt crisis in Europe, the bankruptcy of California and Illinois.  They don't see  HSR turning into a political bribe machine, they never see the under utilized  government run transit systems, the triple cost overruns of military projects, the futility of delivering electricity through government purchases, the expansion of government spending in response to income tax cuts..

 The great bulk of large projects coming from delusional politicians in far away government have difficult,. unforeseen problems.

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