Monday, June 16, 2008

The evil that men do lives after them

And Dr Krugman gives us a look at some of the evil the next president will have to face as he takes office.
A poison pill, in corporate jargon, is a financial arrangement designed to protect current management by crippling the company if someone else takes over.

As I read the nonpartisan Tax Policy Center’s analysis of the presidential candidates’ tax proposals, I realized that the tax cuts enacted by the Bush administration are, in effect, a fiscal poison pill aimed at future administrations.

True, the tax cuts won’t prevent a change in management — the Constitution sees to that. But they will make it hard for the next president to change the country’s direction.
Just one of many minefields, poisoned wells and partisan bands that the next president will have to root out of our government.

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