Wall Street Journal: 2008: "We are all Kenesians now."

Click on the post for a look back one year.

The phrase "We are all Kenesians now" is a very famous quote of Richard Nixon midst the recession of 1970.

Things are pretty clear. Last year, 2008, America was living beyond its means, with wars, credit cards, overheated housing sector,.....and in 2009 we are pledged to bail everybody out----the key distinction seems to be that massive overspending in the new year on items that will not create jobs on a continuing basis rather than pork barrel basis is still good, whereas all that a year ago was bad.

Kind of a timewarp. Stay tuned.