Wednesday, March 25, 2009

Say What?

From an online WSJ article where business leaders complain about how they've been demonized by the politicos during the current crisis:

"Washington and Wall Street are the equivalent of Gettysburg and Antietam right now," said Glenn Hutchins, co-chief executive of private-equity firm Silver Lake.
I think he's just trying to make the simple point that public and private sector types are at each others throats like the North and South in the Civil War but its a curious analogy not just because of the basic English problems (i.e. the battle locations didn't fight each other) but also due to the historical references. Both battles were "turning points," both were exceptionally bloody even by the standards of the war and both featured a decisive victory by the Union. Assuming the North represents the government side, is Hutchins saying that business and government are fighting costly battles in which a wounded government will eventually prevail?

His press flak might suggest the French Revolution as a better historical analogy, with Congress in the Robespierre role and Wall Street as the ancien regime.

1 Comments:

Anonymous Anonymous said...

I just want to know who's surrendering my money.

4:27 PM, March 26, 2009  

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