I was pointed to this Paul Krugman article, which is a sequel to this piece. The Bear Stearns buyout is what touched it off. To which, someone wrote:
“Ahh, GOP capitalism—where profits are privatized and losses are socialized.
Conservative blogs start quoting Paul Krugman and the Times… You hear that? That’s the sound of the pendulum swinging back to reality.
I started writing after the 2004 election—the disaster we have wrought. But sometimes, we have to have a little faith. So, even in the face of futility, we send our words into the ether, the internet, this community we are a each a citizen of.
Nobody loves a recession, but four years was not a long time to realize our mistakes… and our social obligation to right them.
