Congress in a Lynching Mood
Posted in Main Blog (All Posts) on March 19th, 2009 4:41 am by HL
Congress in a Lynching Mood
The financial crisis has been widely interpreted as proof of the need for extensive government regulation of banks, insurance companies and other capitalist institutions. The antics of politicians now that they have a greater role, however, are a vivid reminder of why they can’t be trusted with such power. These days, every politician assumes that because he has a driver’s license and an ATM card, he must have all the necessary skills to run an automaker and operate a bank. House Speaker Nancy Pelosi and Senate Democratic Leader Harry Reid, for example, said Detroit should use its bailout money to become “a global, competitive leader in fuel efficiency.”