Tuesday, February 3, 2009

Do You Suffer from "Goldmansachs Head"?

Columnist Peggy Noonan has come up with a new illness. She calls it "Goldmansachs Head," a take-off on the Wall Street bank named Goldman Sachs.

"When you have Goldmansachs Head, the party's never over," she wrote in a recent Wall Street Journal column. "It is the delusion that the old days continue and the old ways prevail and you...just keep rolling along."

She takes corporate executives to task for this type of thinking. Evidence the recent large bonus payouts that caught much media attention. And she also points to the Democratically controlled House of Representatives. She says the stimulus bill it passed was about "not knowing what time it is, not knowing the old pork-barrel, group-greasing ways are over, done, embarrassing. When you create a bill like that, it doesn't mean you're a pro, it doesn't mean you're a tough, no-nonsense pol. It means you're a slob."

"That's how the Democratic establishment in the House looks, not like people who are responding to a crisis, or even like people who are ignoring a crisis, but people who are using a crisis. Our hopeful, compelling new president shouldn't have gone with this bill. He made news this week going to the House to meet with Republicans. He could have made history by listening to them."

Perhaps we should all be wondering just how pervasive this new "disease" really is.

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