Monday, February 22, 2010

Fair Weather Advisors


The discredited U.S. President Richard Nixon is often quoted as saying that he had ‘one hundred economic advisors’. He was convinced that in any given situation one of those advisors were right. The problem was that he did not know which one!
In Spain we have exactly the same situation; the important difference is that Mr. Zapatero knows that none of his economic advisors are right as all of them lack the knowledge and the impartiality necessary to give advice that would benefit the country as a whole. They are usually appointed on the grounds of family ties, favouritism and friendship. So in the present economic climate they are about as useful as an ashtray on a motorbike.

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