Wednesday, January 06, 2010

An Honorable Conservative

Add Judge Richard Posner to the very gradually growing list of intellectually honest conservatives who are will to acknowledge that the actual events of the last year discredited their economic theory.  Alan Greenspan has admitted that he placed to much trust in the free market to rein in financial misbehavior.  Now, Posner, an extremely prolific writer who's considered one of the smartest conservative economic thinkers in the country, has come around, as well.

In the current New Yorker, he is quoted thusly:
We are learning from it [the economic collapse] that we need a more active and intelligent government to keep our model of a capitalist economy from running off the rails.
This is huge.  As noted but the New Yorker writer, John Cassidy,
As acts of betrayals go, this was roughly akin to Johnny Damon's shaving off his beard, forsaking the Red Sox Nation and joining the Yankees.
Now, thanks an analogy I get.

People like Posner prove how utterly out of touch the current Republican leadership is, both party and congressional.  They think they claw their way back into power by bamboozling the public that our current travails are all the fault of Barack Obama, shameless trying to shout there way past the fact that it's their failure and corruption that put us in the mess we're in.

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