NOW Paul Krugman Is Against Big Government?
Posted on September 23, 2008
In actuality, it looks like Krugman is against Big Government when it is a guy working for Booooooosh!, as Paul is thrilled with the Dodd plan, and against Paulson’s, as he writes in a post entitled “Daddy doesn’t know best”
Can this be done? Can the Paulson juggernaut be stopped? I’m starting to think yes. Paulson displayed a lot of arrogance here — he basically marched in and said Daddy knows best, don’t worry your pretty little heads about the details. He offered no, zero, zilch explanation of how the plan was supposed to work — just “it’s a crisis and we need to act now.” And he overreached, especially with that demand for immunity from any review.
Now, an exercise for you: insert the name “Obama” in place of Paulson. Or Kerry for 2004. Or for most elected Democrats. Works well, eh? Because that is what Democrat policy tends to be: trust us, and do what we say. Don’t worry if you do not actually know what our plans are. You don’t need to know. It’s not important. Now, go clean up your room, plant a tree, write a letter to the editor, and go off to stand in line to get a minimum wage job.
But, this is the way Liberals act. As 9/11 was happening, and right after, the American People wanted blood, but, the liberals were saying we should move slow, not act rashly, take our time. Why? Well, getting beyond the fact that they tend to be pansies and thought that 9/11 was mostly our fault, there was a Republican in the White House, and making sure Dubya did not receive any political benefit from doing a good job (though that seemed to be the last thing on Bush’s mind), because political power is first for them.
What is happening now is that the Dems’ need for political power is over-riding the need to do what is best for the United States. Is Paulson’s plan the best? Don’t ask me, that is not my area of expertise. Is the Dodd plan better? Again, do not know. But, the Dodd plan is one which will stretch out the process and make it look like the Democrats know what they are doing. Expect hearings, press releases, and grandstanding. And, if the market melts down in the meantime, well, the Dems will blame Bush and the GOP.
» Filed Under Democrats, Economy, Fiscal Responsibility, Liberal Media/Bias, News, Politics As Usual
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I think the Spectator says it all:
http://www.spectator.org/dsp_article.asp?art_id=13927
Democrats in the Senate and House believe that if they can string out negotiations on the federal financial markets bailout through Tuesday, “we can get everything we want and more, including solidifying the Obama campaign,” says a Senate Banking Committee staffer working for the majority.
“Let’s see what the White House has to say when the market is cratering again.”
The aide said that that opinion, while shocking, reflected a belief among many Democrats that Wall Street “isn’t our friend, and we really don’t gain much from bailing them all out.”
On the other hand, senior Democrats, including Senate Majority Leader Harry Reid, believe they can still gain all concessions on the bill, plus gain long-term political points this election cycle by “stringing this thing out to Thursday, or just letting the whole deal collapse.”
It is genuinely difficult to even start responding to such a disjointed argument. Fact is, the Paulson proposal is unprecedented enough to transcend not only the Democrat-Republican divide but also the history of democracy itself. Even the moderately literate should easily see that it amounts to nothing more than a legally-immune wealth transfer from the public to selected financial institutions. The same financial institutions that got themselves into the mother of all meltdowns while fleecing the public at large, that is. So, now, Mr. Paulson, former Goldman Sachs CEO, after having amassed 750M for himself “en passant”, wants us to bail out – among others- Goldman Sachs…Second, about 9/11 and “the American people wanted blood” etc..I hope you got enough blood by now, American and Iraki alike, (albeit the hijackers were mostly Saudis and Yemenis); if you believe that it brought peace and stability, then your lobotomy did not work as intended to start with…