Saturday, October 30, 2010

Glib talk

The "wiktionary" define glib as "Having a ready flow of words but lacking accuracy or understanding; superficial; shallow; Smooth or slippery; Artfully persuasive in nature"

There is one glib public servant who recently lost $50 million, nearly all, of his personal fortune by investing in a friend's venture that misfired. His name is Samuel Graeme, chairman of the Australian Competition and Consumer Commission. Ten days ago he says that the NBN (National Broadband Network, costing $43bil to the taxpayer) does not need a cost-benefit analysis. When contested, he says (watch and learn!), "I did not say that a cost benefit-analysis is not needed. What I did not then go on to say is that one was needed." Duh??? Is this guy for real?

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