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Showing posts with the label Shumer

On Fannie, Freddie, Saints and Sinners

There are some saints among the sinners in the Fannie Mae, Freddie Mac shakedown of the U.S. Congress. One of the saints is the Wall Street Journal, which for years has inveighed against the dangers involved when private profit is yoked with governmental power. In a recent column, Paul Gigot, the Editorial Page Editor of the paper, puts it this way: “The abiding lesson here is what happens when you combine private profit with government power. You create political monsters that are protected both by journalists on the left and pseudo-capitalists on Wall Street, by liberal Democrats and country-club Republicans. Even now, after all of their dishonesty and failure, Fannie and Freddie could emerge from this taxpayer rescue more powerful than ever. Campaigning to spare taxpayers from that result would represent genuine 'change,' not that either presidential candidate seems interested." The WSJ does not hesitate to name the sinners. Here is a rundown of previous postings by th...

Mood Swings

There will be time, there will be time To prepare a face to meet the faces that you meet – The Love Song of J. Alfred Prufrock by T. S. Elliot The key to a successful campaign in Connecticut – if you are a Democrat – is to swing left in a primary and right in a general election. Primaries are songs sung to the Democrat choir. One of the reasons Sen. Joe Lieberman did not vigorously defend his principled position on the Iraq war during the primary was because the Democrat choir in Connecticut is unappeasable in its pacifism. What is the point in preaching to a choir of doves if you are a hawk? Lieberman’s opponent, Greenwich millionaire Ned Lamont, tacked left during the primary, and now he intends to move in an opposite direction so that he may capture what some have called “the vital center,” a simmering cauldron of dissident and doubtful voices. A tantalizing item from the Drudge Report to the effect that Lamont intended to make adjustments to his staff, the better to prepare for ...