Tuesday, December 22, 2009

CATCHING UP WITH JANE HAMSHER

I haven't looked into the objections many on the left have about health care reform but Ken Hoop drew my attention to this post by Jane Hamsher and I'd like to discuss parts of it. She lists a number if issues that both some on the left and the baggers have in common:
There is an enormous, rising tide of populism that crosses party lines in objection to the Senate bill. We opposed the bank bailouts, the AIG bonuses, the lack of transparency about the Federal Reserve, "bailout" Ben Bernanke, and the way the Democrats have used their power to sell the country's resources to secure their own personal advantage, just as the libertarians have. In fact, we've worked together with them to oppose these things. What we agree on: both parties are working against the interests of the public, the only difference is in the messaging.

Opposing the bank bailout is like objecting to a blood transfusion because you really don't like the person who donated. I agree that this was an opportunity to overhaul a financial system that is run by and for the MOTU and we may have missed that chance but initially the bailout was a necessity. In addition, she is simply wrong that "the only difference is in the messaging." Libertarians have an irrational belief in the Free Market Fairy, this most of their stances on social issues aren't that different from von Mises.

2 comments:

Ken Hoop said...

BTW, if you're interested, the tradcons favor Wilhelm Ropke much over von Mises.

http://en.wikipedia.org/wiki/Wilhelm_Ropke

You used to find frequent mentions of him in the generally antiwar Chronicles Magazine, for example.

Ken Hoop said...

http://www.economicpopulist.org/content/bank-bail-outs-proved-be-inside-job

I would hope in time you might be persuaded to modify your opinion on the bailout.