We aren’t gaining much clarity on our nascent bailout economy with the garbled mess coming from our talking heads and their big-media filters.
Perhaps they want to keep the air thick with dust to better angle for a bailout of their own.
The latest example of this muddle comes from Charles Krauthammer of the Washington post. His article in Friday’s Post discussed how we have tossed aside market incentives in our economy for political considerations and backroom deals:
“We may one day go back to a market economy. Meanwhile, we need to face the two most important implications of our newly politicized economy: the vastly increased importance of lobbying and the massive market inefficiencies that political directives will introduce.”
But Krauthammer included this unfortunate passage near the end of his missive:
“The ruling Democrats have a choice: Rescue this economy to return it to market control. Or use this crisis to seize the commanding heights of the economy for the greater social good. Note: The latter has already been tried. The results are filed under “History, ash heap of.””
The part I have a problem with it “Rescue this economy to…”
Is he saying that all this bailing will cause the economy to recover? How is that going to work, really? Criticizing in advance the usurpation of the usurpers while also granting their first premise is like sticking one finger in the dyke while swinging a hammer with the other hand.
Looks like we needs some one-handed pundits, just as Gov. Steve Beshear warms up his own private airplane headed to Capitol Hill.
Meanwhile, Krauthammer’s unclear conclusion gave the Louisville Courier Journal an opportunity to continue the confusion with this headline on the same column:
Those who doubt the wisdom of our present course must be clearer in opposition to reasoning for the multi-trillion dollar taxpayer-financed bailouts.