As you know, our economic ship of state has hit a seriously big iceberg. So does it surprise you that the Bush administration’s response is to rearrange the deck chairs?
Anyone who has worked in a large organization — or, for that matter, reads the comic strip “Dilbert” — is familiar with the “org chart” strategy. To hide their lack of any actual ideas about what to do, managers sometimes make a big show of rearranging the boxes …
You now understand the principle behind the Bush administration’s new proposal for financial reform, which will be formally announced today: it’s all about creating the appearance of responding to the current crisis, without actually doing anything substantive.
Sounds like Katrina, non? More incompetence after the jump.