October 01, 2008


IMPEACH BUSH



IMPEACH CHENEY


THE END OF THE REAGAN ERA


The absolute disaster we've seen unfold in the financial markets proves conclusively that the free market economics advocated by right-wingers don't work. It's a system that enriches the few and impoverishes the rest of us. It remains stable only as long as the beneficiaries of the system keep their greed in check. But they never do. This article by Harold Meyerson is at www.washingtonpost.com:

We are, just now, stuck between eras. The old order -- the Reagan-age institutions built on the premise that the market can do no wrong and the government no right -- is dying. A new order, in which Wall Street plays a diminished role and Washington a larger one, is aborning, but the process is painful and protracted.

It shuddered to a halt on Monday, when House Republicans, by 2 to 1, declined to support the administration's bailout plan. To lay the blame on Speaker Nancy Pelosi's speech (in which she even noted the work of House GOP leaders in crafting the compromise) is to miss the larger picture: The proposal asked Republicans to acknowledge the failure of the market and the capacity of government to set things right. It asked them to repudiate their worldview, to go against the beliefs that impelled many of them to enter politics in the first place.