History will record two of Western Civilisation's greatest ever follies occuring in quick succession - both caused by socialists.
First it was the phenomenon of ninja loans and junk bonds wherein good clean capitalism gave way to socialist interference and millions of loans to people with no incomes, no jobs and no assets. These worthless pieces of paper were bundled up and sold as securities around the world, creating a commercial binge fueled by corporate greed.
Before those financial shock waves have receded we find ourselves being plunged into a further multi-billion dollar disaster in the form of Emission Trading Schemes based on a foundation of junk science and bogus predictions of impending doom with the creation of so called carbon credits. These worthless pieces of paper are being bundled up and sold as securities around the world, creating a commercial binge fueled by corporate greed.
Adolf will predict that his beloved National Party will take a king hit in the polls over this incredible piece of ill timed and poorly managed folly.
The only question worth asking is 'Where will the unhappy voters go?' They can't go to Labour or the Greens because their version of the folly would have been worse.
I'd say that the ACT Party should be rubbing its hands with glee as the punters forget about Rodney Hide's trip away with his bit of fluff and focus on ACT's vociferous and right minded opposition to all this fraudulent AGW and ETS nonsense.
Look for fifteen ACT MPs come 2011.
May 26 in history
2 hours ago