Institute for Public Accuracy

  • 10:21:59 pm on January 27, 2010 | 0

    Will anyone ever acknowledge in public that all the old verities, all the notions of our wondrous character and exceptionalism in the world, just aren’t up to the task anymore?

    “We all hated the bank bailout.” Yeah, and without some sort of bailout we’d be wearing barrels today. But almost nothing has been demanded in return. The crackdown on prop trading—banks speculating on their own account rather than on behalf of their customers—comes fitted with loopholes that are already lawyer-ready.

    Tax cuts, yay! Like I said the last time I did this for IPA, Ronald Reagan still controls the discourse. Until that discursive mastery is challenged, we’re stuck in the mud.

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