This good senator objects to the government bailout of big banks as announced over teh weekend. he calls for the resignation of Bernanke and Paulson. The senator says he feels like he is living in Red China.
Well Yes. I recall listening in the mid-1990's to a small town USA mayor reporting back from a junket to China he made with various other mayors. He first spoke in a star-struck manner of how he got to travel with San Francisco mayor Willie Brown. Next, he assured us the mayors in charge of cities in Communist China were no different at all from the mayors in USA cities.
At least he was telling the truth.
Tuesday, September 9, 2008
Senator Wakes Up
Posted in market intervention by John Wiley Spiers
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