Signs of the Times

Krugman: "Where does Mr. Wolfowitz fit into all this? The advice that the World Bank gives is as important as the money it lends - but only if governments take that advice. And given the ideological rigidity the Pentagon showed in Iraq, they probably won't. If Mr. Wolfowitz says that some free-market policy will help economic growth, he'll be greeted with as much skepticism as if he declared that some country has weapons of mass destruction." [NYT]

Rich: "The Bush propagandists have been successful at many tasks, from fomenting the canard that Iraqis attacked on 9/11 to deflecting moral outrage from Abu Ghraib and toward indecency as defined by its Federal Communications Commission. But Social Security may be a bridge too far even for propaganda machinery of this heft. Polls find that an ever-increasing majority of the country rejects the idea of letting Wall Street get its hands on its retirement savings." [NYT]

Dowd: "The White House isn't backing off its plan to replace real news with faux news. The Bushies created their own reality to convince the country that Iraq was a threat to U.S. security. So even though the war has given birth to some of the very evils it was supposed to fix - like more recruits for Osama, and Saddam's formerly sealed weapons' falling into terrorists' hands - Bushies like the results of their war." [NYT]

Friedman: "Moreover, focusing exclusively on squeezing out a little more supply will only discourage conservation, Mr. Verleger added, setting the stage for higher prices again in three or four years - "when exhausting oil reserves and burgeoning demand from China and India will drive the price of oil to well above $100 a barrel." That will put even more money in the pockets of some of the world's worst governments." [NYT]