[Bolton] echoed the point when discussing the dramatic shift in economic policy of recent months, dismissing the notion that Bush abandoned free-market principles and simply subcontracted decisions to Treasury Secretary Henry M. Paulson Jr. and Federal Reserve Chairman Ben S. Bernanke.If accepting "massive government intervention" is not a change in philosophy, then what the hell is it? Notice that "the viability of the financial markets" is used to justify this. OK, suppose you accept that justification. So what justifies the Detroit bailout? What does saving the UAW have to do with "the viability of the financial markets"?
"He hasn't changed his philosophy, but he was advised and accepts . . . that massive government intervention has been necessary in the financial markets in order to protect the viability of the financial markets," Bolten said. "It's been a dialogue," he added. "It's not that Paulson all of a sudden shows up once a week and says, 'Here is what I am going to do,' and the president rubber-stamps it. It is a regular conversation between Paulson and Bernanke and Paulson and the White House."
Joey Biden gets confused at the Obama library, yells “where’s my
granddaughter” (but not the one in Arkansas)
-
The media was fawning so much over the hideous Obama library yesterday they
forgot to mention how “sharp as a
The post Joey Biden gets confused at the Ob...
21 hours ago



No comments:
Post a Comment