Even if Sen. Barack Obama loses the presidential election — and of course he may — the playing field of our politics now has shifted seismically in his philosophical direction.
The era of cowboy capitalism has died, largely of self-inflicted wounds. Who knows what’s coming now? I do: A new era of tight business regulation and government intervention in the markets.
From Howards lips to His ears... Read the whole thing in Bailout ushers in the era of Obama.
Fineman is wrong.
ReplyDeleteCowboy capitalism is not dead, but sleepeth.
In a few short years, we will have forgotten the lessons of these latter day robber barons, and the call will come to deregulate again.