[Homestead] Is it serious, or is it not?
Gene GeRue
genegerue at ruralize.com
Wed Oct 1 08:22:03 EDT 2008
On Sep 30, 2008, at 9:51 PM, Marie McHarry wrote:
> David Cay Johnston is an economic writer who recently retired from the
> NYT, but he hasn't been a cheerleader for Wall Street. Here's his
> comments from the New Republic:
> http://blogs.tnr.com/tnr/blogs/the_plank/archive/2008/09/29/celebrating-the-bailout-bill-s-failure-and-looking-ahead.aspx
> .
Thanks, Marie.
His perspective seems sound to me. For those with insufficient time or
interest to have read it, here is a quote:
None of this is to say that we need, or do not need, some government
intervention in the markets. Rather it is to say that the
administration has failed to make its case, instead assuming that just
as with the war in Iraq and the Patriot Act, it could stampede
Congress into thoughtless action and terrify the public into going
along.
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