That’s not my word; that comes from staunchly liberal economist and New York Times columnist Paul Krugman. He was responding to leaked details of Treasury Secretary Tim Geithner’s plan to transfer a couple million dollars of taxpayer money in a Vegas-style gamble to bail out banks loaded with debt.
That serves as the theme of this week’s P.I.D. Radio, which focuses on what appears to be the deliberate destruction of the American taxpayer for the benefit of corporate elites. That sounded a little crazier when we discussed it with Dr. Jerome Corsi and CNN’s Lou Dobbs (link opens an mp3 file) over the last couple of years. Now, not so much.
Look, either the Obama administration doesn’t know what the heck it’s doing — or it does, and that’s worse.