If an airline chief executive officer were to admit that he had no idea why his carrier's aircraft were unable to get off the ground, the company's board of directors would immediately replace him with someone who could diagnose the problem and find a way to solve it forthwith.
Not so in government, where the Federal Reserve's chairman remains at the controls of our economy even though he admits that he doesn't know why it is stuck or how to get it moving. Actually, the situation is worse than that -- Americans in the current economy are like passengers on a jumbo jet that has plunged to a dangerous level while the pilot at the controls doesn't recognize the situation and is devoid of any idea on how to reverse the continuing descent and regain altitude.
For those who don't recall, the Fed chairman with the impressive beard and professorial mien got his job on the basis of previously having continually assured one and all that the nation's finances were hunky-dory right up to the time the economy had plunged off the cliff and was smashed to smithereens in the crash.
Does anyone else out there remember Peter Sellers' portrayal of the Chance the Gardener in the 1979 movie Being There?
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