Wednesday, June 11, 2003

The truth deficit (1)

Are there any books they won't cook?

Analysts said it is "premature" to speculate that Freddie Mac’s problems will lead to a housing bubble collapse or a credit crunch in the mortgage industry.

Great. "Premature" sounds a lot like the "vote of confidence" a baseball manager gets before he's fired.

The budget: sleazy sunset provisions, dynamic scoring, and all that. WMDs: Faked letters, stuff by grad students found on the internet passed off as intelligence...

Is a pattern emerging?