A crushing but meaningless blow.

20 September 2008

The Pre-Eminent Critic of Treasury Dept. Policy

A fourth, smaller group of lawmakers was highly critical and in some cases adamantly opposed to the plan. That group included including Senator Jim Bunning, Republican of Kentucky, and Senator Bernard Sanders, independent of Vermont.

“The free market for all intents and purposes is dead in America,” Mr. Bunning declared on Friday. “The action proposed today by the Treasury Department will take away the free market and institute socialism in America. The American taxpayer has been misled throughout this economic crisis. The government on all fronts has failed the American people miserably.”
(NY Times)

It's funny how he can be so wrong and so right all at the same time. Yes, the government has failed the people, but not in the way being suggested. Years of de-regulation and enacting policies benificial to Wall St but detrimental to the public, that's the failure. And there never was a true "free market" in America.

Thirty years of treating the government as a mere backup plan for insanely risky financial activities, that's the problem - and Democrats and Republicans are to blame. The millionaires need to reap what they've sown, not get a free pass on the taxpayer's dime.

And, for the record:

From Baseball-reference.com:

Jim Bunning

Yrs W L ERA SO
17 224 184 3.27 2,855

1 comment:

Anonymous said...

Interesting to know.