/* Google Analytics Code asynchronous */

Thursday, September 25, 2008

GOP's Market Ideology On The Ropes

After having their war ideology trashed and their fiscal and governance ideology ripped up, the GOP are now facing a full-scale meltdown of their market ideology.

I wish only that Milton Friedman had lived to see it all.

Why, even tonight, I heard an ardent GOP booster yelling - yelling - that rich people need to get more government insurance of their deposits. (That would be none other than slick professional wing-flapper for America's gentry, Larry Kudlow).

Now, I'd be for raising the FDIC deposit insurance limit, but the idea that people with huge deposits are entitled to a Federal guarantee... wowwee! It just shows how much the "free markets" stuff has been always just a "cover story"; a contrived, political Maypole; a lip-service ideology, right?