[lbo-talk] bail out: four "european" questions

[Andy]

On Tue, Sep 30, 2008 at 4:21 AM,  <moominek at aol.com> wrote:
> Sometimes it is quite difficult to understand US-interiors from outside,
> four questions that's why from Berlin:
>
> 1) Is it at all a debate about state intervention "in principle" in
> US-Congres? May be it is more a conflict about who will controll this state
> intervention next - after the election? And the rejection of the bailout
> more a symptom of a republican "Après moi les deluge"/"devil may
> care"-position?

This is all from secondary and tertiary sources, but the complaints in
principle about state intervention are primarily a Republican
fascination, particularly in the house (they seem to have more crazies
there than in the senate).  The complaints on the Dem side seem to
vary more, some of it control -- namely handing over so much unchecked
control to Paulson -- but also "rewarding" those that caused the mess.

 Hence the push for executive pay caps.  As you may have read here
there is some populist rhetoric from the Dems regarding state
intervention -- part of the local religion, as you aptly put it -- but
that seems mostly from the edges.

Anybody care to amend that?

-- 
Andy