Monday, August 9, 2010


On the one hand, I think that the Wall Street bailout, which was engineered and passed in the Bush administration was what saved the world from an economic collapse. It also saved capitalism in the United States, which is to me, a negative. If the Republicans argue, as they seem to be arguing now, that Obama's economic policies were terrible, it is only because there is nothing so ungrateful as a rich white man. He always thinks that everything good which has befallen him is because of his own initiative, and that everything bad that has befallen him was caused by others.


Irene said...

I agree. The bailouts only postponed the revolution. Your comments about the rich white man reminded me of this quote from JK Galbraith "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness".

Bud said...

I like it!