Fri, 24 Mar 2006
Max Clark points out that American, both the ones who run the government and
the ones that run the PTA,
are prone to short-term thinking.
If you have paid any attention to the news lately you should be aware that the
Republican controlled Senate is discussing changing Senate rules to eliminate
the filibuster.
...
What are they planning to do when the Democrats are back in power?
And here is where short sidedness takes over. The answer is nobody cares. Why?
Because by the time it happens it won?t be their problem.
He points out that a similar short-sightedness is plaguing those buying homes
with ARMs and interest-only loans at a time when long-term interest rates are
at historical lows.
Maybe they think the end of the world is near, so what the hell.
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