Steve Horwitz writes
One final thought: if one really believes this bailout will make matters worse, especially significantly worse, I think it's a reason to vote/root for Obama. Should McCain win and things go downhill, it will be much easier to blame the mess on "free markets" and "deregulation," not because McCain believes those things but because of GOP lip-service to them and the perception that they've acted on that lip-service. With Obama in office, and things going south, it might be more akin to the late 70s under Carter, where the blame is less likely to be laid at the feet of markets. I might be wrong about this, but given the disastrous combination of free market "talk" but statist action by the GOP, I think I'd rather have the folks who don't even talk the talk at the helm when the waters get very choppy.
1 comment:
Then Obama will be a one-termer as was FDR. Good plan.
Post a Comment