[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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