Four false Gods and a global funeral 'mad to the power of one thousand'

Identifying the suspects responsible for our economic woes is easier than finding anyone to cure them

The Slog: Nick Clegg says that Labour ruined the economy, and he wants to finish the job in another Torylib Coalition.
I’m sorry, I’ll read that again. Nick Clegg says he thinks another five years of Torylib coalition should be enough to repair the British economy after Labour ruined it.
Take your pick, it makes no difference: they’re both mendacious rubbish in the context of a fantasy agenda.
Larry Summers writes to President Obama to say he is withdrawing from the Fed Reserve Chairman job-race, because “I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interests of the Federal Reserve, the Administration, or ultimately, the interests of the nation’s ongoing economic recovery”.
President Obama has replied to suggest that “Larry was a critical member of my team as we faced down the worst economic crisis since the Great Depression, and it was in no small part because of his expertise, wisdom, and leadership that we wrestled the economy back to growth and made the kind of progress we are seeing today.”
Take your pick, it makes no difference: they’re both mendacious rubbish in the context of a fantasy agenda.

And now for something completely different. Try this summary from Michael S. Barr, a professor of law at the University of Michigan Law School writing at CNBC’s website yesterday. Previously he served as Assistant Secretary for Financial Institutions of the U.S. Treasury Department, where he helped to develop and pass the Dodd-Frank Act:
‘In in the fall of 2008, financial markets froze. The over-reliance on brittle, short-term financing, opaque markets and excessive-risk taking, which had been the source of significant profit in financial capitals globally, fanned a panic that nearly collapsed the global financial system. There is a serious risk that a collective amnesia about the causes and consequence of the financial crisis will further weaken the resolve for reforms. The financial sector is still lobbying, litigating and seeking to legislate to block them. If we don’t keep pushing, we could find ourselves wondering why we’re in another crisis five years from now.’
We have a planetary trade slump created by Levitt’s globalist mercantile hogwash and Friendmanite neoliberal codswallop. We have an enduring, maturing and expanding financial crisis caused by deregulated greed and unpunished fraud. We have an EU-exacerbated fiscal crisis started by insane Anglo-American ideas about leveraged debt. And we are entering a worldwide economic crisis that is accelerating thanks to Berlin-am-Brussels austerity incompetence and Chinese economic ignorance.
It really isn’t hard at all to find the culprits behind this crooked cess pit. But the idea that Larry Summers might have any of the answers is daft to the power of seven. And the assertion that Nick Clegg and/or Camerlot might stumble accidentally on even one single answer is mad to the power of one thousand.

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Art by WB7