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Saturday, September 20, 2008
Gingrich: Bush ‘exhausted’ and Cheney ‘marginalized’
The Atlanta Journal-Constitution
Of all the major newspapers, this morning’s Washington Post may have given the starkest ideological interpretation to President Bush’s decision to intervene in Wall Street’s business:
The Bush administration yesterday proposed a historic $500 billion bailout of financial firms that would let the government rather than the cold judgment of the marketplace decide the winners and losers from the crisis that has shaken the U.S. economy for the past year.
Other news sources are going with a cost of $700 billion. Even so, figures on the right are baffled. From another Post article:
“I believe that the president is exhausted and the vice president has been marginalized, and what you now have is the Washington interests … dominating the administration,” former House speaker Newt Gingrich (R-Ga.) said in an interview yesterday. “We have now launched big-government Republicanism. If we saw France do this, Italy do this, we would have thought it was crazy. We would have had pious speeches about the folly of bureaucrats running businesses.”
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