I told myself I'd steer clear of politics for a day, but I can't resist. I have a post on Romano Guardini and the Industrial Revolution planned for later in the day. Now, onto a small bit of politics and economics...
Kramer has pushed for the bailouts and what not since long before Bush began them, and he seemed to support Obama up until now in my opinion. Kramer was down right furious over the amount of time it took Bush to respond to the calls for government intervention back in Oct./Nov. He essentially went on to add that though the stimulus was helpful and right, this budget completely changes the game and will destroy the economy.
I haven't read the stimulus or the budget and I likely will not get to it. In principle I tend to dislike the stimulus and bailouts no matter what their details. But when Kramer, a pro intervention and pro stimulus and pro bailout guy gets so exasperated with such things I am quite intrigued.
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