One interesting Big Question this suggests, along with Dean's post today
http://tpmcafe.talkingpointsmemo.com/2008/09/08/republican_philosophy_handouts/
is a) on the merits; and b) politically, it is apt to junk the critique
of "individualism" and focus on modern conservatism as an ideology of
corporatism.
Obviously the facade of conservatism is the fantasy of individualism,
but the practice
is quite different.
Jim Devine wrote:
a good summary, I think, from SLATE:
The New York Times, Washington Post, and Los Angeles Times lead with the news the papers have been previewing
all weekend: The U.S. government officially took control of mortgage giants Fannie Mae and Freddie Mac
yesterday. In basic terms, this means that the government now has control over the companies that fund around
two-thirds of all new home mortgages. Or, as the LAT succinctly summarizes: "Washington's move means the
federal government will directly back the great majority of the nation's home mortgages." And if the
magnitude of that fact is still not clear, the papers all make sure to emphasize that this is A Big Deal. The
NYT calls it "a seismic event" and the Wall Street Journal characterizes it as the "most
dramatic market intervention in years."
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