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April 9, 2009

Repeat after me: Everything bad is the Republicans' fault

In the midst of a fairly innocuous Financial Times article about the changing spending habits of western consumers, the author drops this little beauty:
Ed Kerschner, chief investment strategist at Citi Global Wealth Management, says the US has passed an “inflection” point, marking the end of an acceptance of conspicuous consumption that he traces back to the Reagan presidency of the early 1980s.
Right. Our embrace of conspicuous consumption is Reagan's fault.

I'm sure that they would have preferred to blame George W. Bush--that way, Obama could complain about inheriting the problem--but that would have been a bit of a stretch.

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