I am reminded of a famous speech by the “Great Communicator” describing the “spin” of California politics and out-of-control government spending:
Our fiscal situation has a sorry similarity to the situation of a jetliner out over the North Atlantic. The pilot announced he had news, some good, some bad, and he would give the bad news first. They had lost radio contact; their compass and altimeter were not working; they didn’t know their altitude, direction, or where they were headed. Then he gave the good news — they had a 100-mile-an-hour tail-wind and they were ahead of schedule.
His words also sum up Bermuda’s #1 Californian import pretty well.
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