Now the party has to watch as a Republican president orchestrates the biggest
government intervention in the workings of the private sector since the New
Deal.
Can any Republican candidate claim with a straight face to represent the party
of small government? For that matter, can any Republican candidate plausibly
explain what the party is supposed to stand for these days?
The Federal Reserve announced yesterday that it will make unlimited quantities
of dollars available for currency swaps with the Bank of England, the European
Central Bank and the Swiss National Bank, as these institutions scramble to
keep major commercial banks from failing -- and potentially taking U.S. banks
with them. After eight years of the Bush administration, the Republican Party
-- to put it bluntly -- is a mess and a fraud.
The Republican Party said it believed in free and unfettered competition, but
it picked winners and losers through a system of crony capitalism. Oh, and
isn't the Republican Party supposed to stand foursquare against intrusions on
privacy? I defy anyone to give a coherent explanation of what today's
Republican Party, under George Bush and now John McCain, wants to do except
perpetuate itself in power.
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