Month: February 2020

[Bloomberg] clearly was not prepared for these rather obvious questions, perhaps because he is a cloistered plutocrat surrounded by yes men and toadies, or perhaps because there is no defense at all. He appeared very much like what he in fact is — a very rich man who is likely facing bitter, unfiltered criticism to his face for the first time in years.

Ryan Cooper writing for The Week.

While I’m sure we’ll get plenty of “why are they so mean to Bloomberg” takes today, I’d say his ~$500M attempt to buy his way into both the Democratic party and the White House are effectively over.

Welcome to the Bullshit Economy

This whole thing needs to be the one and only speech any and all Democratic candidates for President give over the next, oh, five months; but I’d even settle for just a paragraph:

The Iowa disaster is a sign that our economic structures are breaking down, that private enterprise has become a shell game, where who you know matters more than what you can do. The bullshit economy has bled over into politics, with the perfect president but also the perfect amount of grifting and consultant corruption and unbridled tech optimism. This has long been part of politics—anything with that much money sloshing around will invite a little corruption—but the combination of political grift, the ardor for public-private partnerships, and the triumph of ambition over talent has created a fetid stew.

Welcome to the Bullshit Economy