Tuesday, January 23, 2007

Fatfatonmics: is a particular brand of economic science associated with the peculiar mind of Ahmad Fatfat (of Fatfatism fame). Ahmad Fatfat was today on all TV stations: as Minister of Sports, he is most qualified to analyze the sports activities in Lebanon today. So he was trying (on LBC TV) to explain the large debt of Lebanon: he said that basically Rafiq Hariri's government (some 13 years from 1992, with Fu'ad Sanyurah as Minister of Finance) was not responsible at all for the debt. He said that the `Umar Karami's government in 1992 and the Salim Huss government (1998-2000) were the governments that accumulated the debt. The other governments merely paid interest on the Karami-Huss debt, he added. I kid you not.