February 26, 2009

Pass the sick bag, Alice

Reading this bollocks on Bloomberg put me in mind of John Junor's catch phrase above:

Obama, a 1991 Harvard Law School graduate, is surrounding himself with intellectuals who, like the president, have pursued careers in public service. They bring policy and political expertise, without the ideology that marked the George W. Bush administration, said Jeffrey Frankel, a professor of capital formation and growth at Harvard’s Kennedy School.

“All of them are completely open to new information,” said Frankel, who was a member of the Council of Economic Advisers for three years during Bill Clinton’s presidency. “They are trying to find out what really works. People don’t value competence, but you do need it.”

Methinks Larry Summers tried to impart some new information at Harvard. They were so open to that, he resigned.