I’ve argued that we face a long Iraq hangover much as we suffered a long Vietnam hangover. In both cases, we attempted guns and butter . . . the butter during Vietnam being our attempts to aid the poor; the butter this time being our attempts to aid the rich. For those interested in divining parallels, here is a piece I wrote in the early stages of the post-Vietnam hangover, 33 years ago (I was six). One difference: we’re in a weaker position now. The debt on our balance sheet, in proportion to our economy, is more than twice what it was then. But another difference: for all President Ford’s decency, he was no Barack Obama. Leadership matters.
Quote of the Day
Drill for oil? You mean drill into the ground to try and find oil? You're crazy.~Men Edwin L. Drake tried to enlist to his project to drill for oil in 1859
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