Amen. I think lots of apolitical and conservative people are very skeptical of the stimulus, even if they’ll tolerate “bad banks” and other measures to avoid systemic problems in the trust-based financial infrastructure on which all credit depends. Politics is no longer just the plaything of a few public intellectuals, news junkies, and military families; it is deeply affecting all of our lives, and so far its impact has been very bad. A stupid law here, an interest rate cut there, a broken border down there, poorly paid and unimaginitive regulators more concerned with yesterday’s problems in DC: It all adds up to the perfect storm that is the financial crisis, and it acts in push-pull with our increasingly self-indulgent and profligate culture that does nothing to curb individual excess.
Fear the Angry Taxpayer
7 Feb 2009 by Roman Dmowski