Another Illinois Governor Going to Jail:
Several years ago, when Illinois Gov. Rod Blagojevich was running for office, Republican friends —yes, I have some of those, but I try to keep them at arm's length—warned me that he was an even bigger crook than the current Republican governor was.
Because I'm not an Illinois resident, there wasn't much for me to do or say about it at the time. Frankly, I suspected their objections were merely sour grapes, but Blagojevich has proven them more than correct. National Public Radio has been reporting all morning long about the governor's arrest for, among other things, attempting to sell President Elect Obama's senatorial seat. Hubris, thy name now has an even more difficult spelling.
To Bail or Not To Bail:
That no longer seems to be the question. Instead, we seem to be—pondering is deffinately not the right word here—in a full fledged, wild eyed argument about how much to provide and under what conditions.
David Sanger ignited a firestorm of bloggers in today's New York Times by arguing that the country is about to go "soviet" under Obama. If bailing out the banks provoked disdain, then financing Detroit has ignited a civil war of words and ideology.
For the moment, it appears that the passengers on this Titanic have chosen to debate while the ship is sinking. As I recall, that earlier ship had too few life boats for too many passengers.
On the other hand—I know what you're thinking—haste doth inevitably make waste. Damn those rocks! And just when we've found ourselves in a hard place. (See The Washington Post's coverage of the $15 Billion loan.)
Several years ago, when Illinois Gov. Rod Blagojevich was running for office, Republican friends —yes, I have some of those, but I try to keep them at arm's length—warned me that he was an even bigger crook than the current Republican governor was.
Because I'm not an Illinois resident, there wasn't much for me to do or say about it at the time. Frankly, I suspected their objections were merely sour grapes, but Blagojevich has proven them more than correct. National Public Radio has been reporting all morning long about the governor's arrest for, among other things, attempting to sell President Elect Obama's senatorial seat. Hubris, thy name now has an even more difficult spelling.
To Bail or Not To Bail:
That no longer seems to be the question. Instead, we seem to be—pondering is deffinately not the right word here—in a full fledged, wild eyed argument about how much to provide and under what conditions.
David Sanger ignited a firestorm of bloggers in today's New York Times by arguing that the country is about to go "soviet" under Obama. If bailing out the banks provoked disdain, then financing Detroit has ignited a civil war of words and ideology.
For the moment, it appears that the passengers on this Titanic have chosen to debate while the ship is sinking. As I recall, that earlier ship had too few life boats for too many passengers.
On the other hand—I know what you're thinking—haste doth inevitably make waste. Damn those rocks! And just when we've found ourselves in a hard place. (See The Washington Post's coverage of the $15 Billion loan.)
Labels: Politics, The Economy
posted by Jim | 1:03 PM
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