Monday, December 28, 2009

IS VDH AN ECONOMIC POPULIST?

Victor Davis Hanson seems to believe that the MOTU, not the CRA or Fannie and Freddie, are too blame for the Great Recession:
Again, most of those targeted are not the already rich - a Warren Buffett or Bill Gates - but millions of the wannabe rich. They may have achieved larger-than-average annual incomes, but they're not the multimillionaire speculators on Wall Street who nearly wrecked the American economy in search of huge bonuses and payoffs.

Perhaps he hasn't checked with Rush and Sean?

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