Monday, March 17, 2008

Government intervention in the capital markets?

Editor,

When Wall St. falters due to its corrupt and criminal "excesses," first out the window is Republican "free market" rhetoric. Suddenly government is not the problem but the solution. Katrina hits the banks, and government magically acquires expertise in how to spend "your money." Republican hypocrisy is more than Spitzeresque -- not because government intervention is wrong, because it isn't, but because "free markets" is such a load of crap.

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