Cornering the market

September 30, 2008

Sometimes you can learn the most about something when people you would expect all to be on one side of the debate start arguing with each other. The folks over at the corner, National Review Online’s forum for all its writers, are having quite the set-to about the merits of the proposed $700 billion bailout. Mark R. Levin, for example, thanks House Republicans “for taking a bold stand against what had been a stampede on a scale I have never before witnessed on matters of huge consequence.” But Victor Davis Hanson doesn’t think much of them:

Free-market Republican House members gave high-minded speeches and then panicked in the face of populist outrage just when the country needed their calm, hand-in-glove with Democratic House ideologues — the one claiming we are getting socialism, the other robber-baron capitalism.They are as  captive to public outrage over the bailout now as they soon will be to the  next phase of outrage over shattered retirement accounts.

It looks like more of them are for the bailout than against. Bill “Stand athwart history and yell STOP!” Buckley must be turning over (to the right, of course) in his grave.

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2 Responses to “Cornering the market”

  1. Steve T. Says:

    “Mark R. Levin, for example, thanks House Republicans ‘for taking a bold stand against what had been a stampede on a scale I have never before witnessed on matters of huge consequence.’ ”

    Not only the bold House Republicans but also Congress’ bosses, those masses of riled-up American constituents who phoned, wrote and e-mailed House members with marching orders to kill the big bailout.

    Of all the week’s cable TV chatter, in fact, the most insightful were from a panel who described the national outrcry as “revolutionary… a modern Boston Tea Party.”

    Americans, these panelists suggested, likely have now declared they’ll throw a trillion bucks overboard on a given day if it will ensure the extinction of corrupt self-enriching business models which exist to indenture and enslave rather than serve the people.

  2. gadfly Says:

    Victor Davis Hanson is a wonderful writer …one of my favorites but he has some populist leanings.

    The “them” and “us” in this scenario has been carefully nurtured by the drive-by media to be “Main Street vs Wall Street.” Wall Street is just a second-string player.

    The government is the culprit here with its unfunded giveaway programs so it seems silly that politicians and the heads of government agencies should be the surgeons to repair the damage that they themselves caused. If they threw away money on subprime mortgages, why should we trust them with another trillion dollars?


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