Friday, September 26, 2008

From the LRC blog
  • Whatever happens, I do believe McCain has played this crisis well, and will probably win this round of politics. He can still spin this. The Republicans are masters at distorting reality. He can run against his own party’s and establishment’s failures. He’s been doing it, and it has worked before. LRC teaches that government intervention only makes things worse and McCain may well be grandstanding but I get the intended message: this is serious and even though his answer may be wrong maybe he really cares.
  • The bailout in a nutshell: Taking money from people who made good investments and giving it people who made bad investments in the hope that the people who made bad investments will make good investments in the future and the people who made good investments will keep making them even though they will have less money to do so.

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