Wednesday, October 19, 2011
‘To watch a bureaucracy being born’
Fred Siegel pens another fine piece, tracing the historical fault-lines within liberalism and concluding the OWS protesters are simply repeating the mistakes of the past. I particularly liked this observation:
Fred Siegel pens another fine piece, tracing the historical fault-lines within liberalism and concluding the OWS protesters are simply repeating the mistakes of the past. I particularly liked this observation:
Thanks to the Bush and Obama administrations, Wall Street hasn’t been forced to pay the price for its misdeeds. But when I asked some of the Zuccotti Parkers about the politics of government-sponsored Fannie Mae and Freddy Mae, two of the prime players in producing the economic bubble, the question drew either blank stares or “I’ve heard of them” and little more. Though well aware of the corrupting effect Wall Street has had on Washington, most of the protesters, it seems, don’t grasp the two-way nature of crony capitalism.Via Reader No. 1
