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The Washington Independent

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No End to Bailout Nation

Started by washingtonindependent · 9 months ago

Brad Setser at Follow the Money gets it exactly right today: “It looks like the U.S. government’s no-bailout policy lasted all of two two days.” Adding to that thought, The L.A. Times questions what becoming a bailout nation means for a new administration:% ... Continue reading »

1 comment

SamThornton
9 months ago

Part of the Bush Administration legacy seems to be shaping up as at least a partial fulfillment of the predictions Karl Marx made about the natural evolution of a capitalist economy, the end game beginning with nationalization of key segments of the economy. Ironically, it took the Republican "pro-business" lobby to bring Socialism to America.

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