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Annals of elite idiocy

Jeffrey Sachs burbles:

It is hard for international observers of the United States to grasp the political paralysis that grips the country, and that seriously threatens America’s ability to solve its domestic problems and contribute to international problem solving. America’s governance crisis is the worst in modern history. Moreover, it is likely to worsen in the years ahead.

Paralysis? What paralysis?

Versailles was perfectly capable of passing TARP in days, to get the banksters $700 billion dollars NOW NOW NOW NOW. And Versailles, in the course of 2008, put the taxpayers on the hook for $22 trillion in bad bets by the banksters with no accountability or transparency.

Versailles works just fine. It's only a question of for whom.

NOTE Via Baseline Scenario.

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