Friday, 4 April 2008

What Kind of Economic Crisis creeps up on you at 3 AM?

Over on India Uncut , Amit Varma has posted a couple of ads, one from Hillary Clinton and a response from John McCain, on how if ever an economic crises were to befall the US, it would need a President who's ready for the job to take that phone call at 3 AM that presumably sounds the alert.
Setting aside questions on who really is more suitable, one must ask - just what kind of economic crisis crops up at 3 AM? The sub-prime/mortgage crisis mentioned in the ads built up over at least 3 months or so (or even longer if you consider them to be the fallout of actions taken by the Fed under Greenspan). Most (purely) economic crises that would be on a scale that threatens an entire nation would take some time to build up, and you would need an extremely inefficient administration to not realize what was going on till 3 AM one fine day. Of course, neither ad talks about what the candidate would do once they take that call.

Give me Lalu Prasad Yadav playing kapdaphar Holi any day. At least he keeps it real.


  1. Ha! Reminds me of this video at TED:
    Is 4am the new midnight? the man asks.

    I suppose it's a bit like assignments in college - you inevitably panic at 3(or 4)am when you realise you need to get those blasted balance sheets to tally, and all the fin wizards are in a drunken stupor on the lawns.
    Those were the days!

  2. < mad cheering > Yay, it works! < /mad cheering >