Sunday, September 21, 2008

Another Objection To Bailout

Jesse Walker weighs in with an excellent post on Reason entitled "Henry Paulson, Regent Dictator". Here's a quote:

"And the Democrats, those alleged alternatives? Maybe it's their innate affection for economic intervention, maybe it's just the same spinelessness they've brought to issues ranging from FISA to Iraq, but they don't seem to be objecting to the Paulson plan. ("The consequences of inaction could be catastrophic," says Harry Reid, according to the Bloomberg report I quoted above. The consequences of really stupid actions must not be up for discussion.*) McCain's position on these issues keeps evolving; I expect that at some point next week he'll call for parading short sellers through the streets in dunce caps."

Our party needs to oppose this power grab forcefully.

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