Tuesday, September 23, 2008
Shock and Flawed (Part II)
This just about sums it up:
"Over the past 30 years, Americans have been bombarded with sermons evangelizing for the free market religion of the Right. In the course of selling us on buying, the market-worshippers tried to convince us that all concerns about the most vulnerable members of society could be left up to the soulless, self-correcting calculus of supply and demand. Government involvement was an anachronism, regulatory oversight an impediment. The last few weeks have demolished that notion. In the battle over the proper role of government, the high priests of the church of the Free Market -- including Bush, Paulson, and the Masters of Wall Street -- have suffered a monumental defeat. So why are we allowing them to dictate the terms of their surrender?
(The Huffington Post: "The Bailout Plan: Welcome to Economic Shock and Awe" by Arianna Huffington/9.23.08)
And this one headline -- from that bulwark of left wing hippie thinking, The Wall Street Journal -- is just chilling:
(The Wall Street Journal: "Wall Street" No Longer Exists/9.23.08)