Paul Krugman writes in the NY Times:
"What’s happening, I suspect, is that the Bush administration’s anti-government ideology still stands in the way of effective action. Events have forced Mr. Paulson into a partial nationalization of the financial system — but he refuses to use the power that comes with ownership."
"Whatever the reasons for the continuing weakness of policy, the situation is manifestly not coming under control. Things continue to fall apart."
1) An administration with an "anti-government ideology" does not engage in "a partial nationalization of the financial system".
2) An administration with an "anti-government ideology" does not increase the size and scope of government faster than any administration in my life.
3) Your preferred policies are failing. Time to admit it.
(Hat tip to Elen.)
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