Obama: Let’s Start a New Financial Crisis

fin

Our “progressive” president goes backward — to the same policy that caused the current recession.

John McCain: I was Misled on Bank Bailout – Arizona Republic

Under growing pressure from conservatives and “tea party” activists, Sen. John McCain of Arizona is having to defend his record of supporting the government’s massive bailout of the financial system. In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury […]

Ben Bernanke: Bust of the Year – by Vasko Kohlmayer

bernanke

Why should we expect the Fed Chairman to solve a crisis he didn’t see coming?

Nicole Gelinas: Too Big Not To Fail – National Affairs

The catastrophe that struck America’s financial system in 2008 was not inevitable. Rather than a failure of markets, it was a failure by government to understand its proper role in markets — and the product of an unwise (and unnecessary) abandonment of a sensible system of rules and boundaries that had served American finance well […]

Jim Manzi: Keeping America’s Edge – National Affairs

The United States is in a tough spot. As we dig ourselves out from a serious financial crisis and a deep recession, our very efforts to recover are exacerbating much more fundamental problems that our country has let fester for too long. Beyond our short-term worries, and behind many of today’s political debates, lurks the […]

Edward Lazear: Stimulus and the Jobless Recovery – WSJ.com

With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway. How much of this was a result of government programs? To evaluate this, it is important to understand what constitutes a recovery. There are three developments needed to restore the economy to its prior vibrancy. […]

Kay S. Hymowitz: What Cornel West and Larry Summers actually agree about, City Journal

Is there anyone in public life more reviled than economic eminence and White House chief economic advisor Larry Summers? Liberals, moderates, women, academics, and now, with his hand in the financial crisis, Middle America: he’s managed to offend them all. But if there is any good still lingering anywhere in the vicinity of Summers, the […]