...with John Fund (dope slap this guy wouldja?). Gawd...what a smug a-hole.
Salman Rushdie just said he thinks Obama is actually going to win big.
After this week? I think he might be right. I fear that the reason this is true is the meltdown of the American financial system that we're witnessing this week. I doubt that most Americans will really read into it and find out why Lehman went under, and why the Treasury Dept and Fed think that bailing out AIG is necessary. I don't think they'll understand the quasi-public status of Fannie Mae and Freddie Mac, or the derivatives or the real-estate bubble.
But! They'll understand the headlines and they'll see the desparation; and that'll be the end of the final, last nail in the coffin, reason for the GOP to even exist: that whole "we're stewards of the economy."
John McCain and Sarah Palin? I'm not seeing how they can turn this into a political plus for their party.
It's sad that it takes a depression to get Americans to see that GOP de-regulation means de-regulating profits...but regulating and bailing out losses.
It's just like the 1920's... 8 years of GOP rule leading to a huge asset bubble, followed by an economic disaster.
So I think that Obama might be an FDR in the making.
Thursday, September 18, 2008
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