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...Sins of Our Fathers In response to the Sept. 22 article "Bailout Nation," wouldn't it be helpful to just call a pig a pig? In the article, no mention is made of the fundamental reason for this huge bailout of the mortgage industry: The failed mission of the Republican Party from Reagan through McCain to deregulate America and to let the "market" prevail. It is now very clear that when the "markets" are allowed to operate willy-nilly, the self-interest of politicians indebted to lobbyists will prevail. It also does nothing to reassure the middle-class taxpayers that...
Does it work? More or less. At the workshop, I wore what I call my 20-minute "shoeters"--shoes that I can stand for 20 minutes before I want to shoot myself. I lasted a good 40 minutes. With practice, I bet I could get to a really quick party...
...Tocqueville and painted a portrait of a nation both majestic and mad--there's an intellectual ranginess to Dark Times that makes it difficult to pin down. The object of Levy's ire is the left, or rather, "the monsters that the new laboratories of what we in Europe call Leftism and what Americans call liberalism are giving birth to." In its better days, says Levy, the left stood against evil and injustice and all the worst aspects of fascist and totalitarian systems. Now, amid a surge in anti-American, anti-Semitic and antiliberal sentiments, the left appears "sometimes more...
...they didn't: they don't want to face a populist backlash alone. Revulsion at a Wall Street bailout has crossed ideological lines, with liberals as disgusted by handouts to irresponsible bankers as conservatives are by a socialist solution to capitalist problems. On the Hill, constituent phone calls ran 100 to 1 against the Paulson plan, and most vulnerable incumbents in both parties voted against it despite all the doom-and-gloom warnings about the devastating consequences. It's times like these that call for presidential leadership, and Bush no longer has many followers, which is why his spokesmen...
After the Sept. 29 House vote, the Administration found a new and much more effective spokesman for its case that Wall Street chaos was bad for everyone: the Dow Jones industrial average. It plunged 778 points, and suddenly calls and e-mails to LaTourette's office that had been running 200 to 1 against the bailout leveled out. He said half the callers were thrilled with his no vote but "the other half are looking at their 401(k)s drop[ping] $50,000 in a day, and they call and scream at me and say, You rat bastard...