Thursday, September 18, 2008

Change is A'coming

Is America still the beacon of unfettered, free-market capitalism?

“'I fear the government has passed the point of no return,” said Ron Chernow, a leading American financial historian. “We have the irony of a free-market administration doing things that the most liberal Democratic administration would never have been doing in its wildest dreams.'”

"In France, where the government has long supported the creation of 'national champions' and worked actively to protect select companies from the threat of foreign takeover, politicians were quick to point out the paradox of what is essentially the nationalization of the largest American insurance company."

"National economies are entering an era where we have much more regulation and where the public and the private sector will mix much more.”

As I said yesterday, the economic and political philosophy that became our bipartisan orthodoxy in Washington for almost three decades now has got to be jettisoned, as we recover a true conservatism that is prudent and fiscally responsible.

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