Tuesday, October 14, 2008

David's been reading my blog


David Brooks agrees with me that the pendulum is about to start swinging the other direction.
First, there will be the bailouts. Once upon a time, there were concerns about moral hazard. But resistance to corporate bailouts is gone. If Bear Stearns and A.I.G. can get bailouts, then so can car companies, airlines and other corporations with direct links to Main Street.
Like David, and I, said, we are about to see how big Big Government can be. But, on the bright side, by the time we get to 2016 everyone will be ready for Bobby Jindal to cut it back to size.

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