In the Arena

Wait A Minute…

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From the New York Times today:

As Wall Street rallied this week, it seemed that investors were taking comfort in the notion that the economy had become so imperiled by the crumbling housing market that it was forcing the government to finally mount an aggressive rescue effort.

Aren’t these the guys who believed, after Reagan, that government “is the problem, not the solution?” It’s another sign that we’ve reached the end of the rightward pendulum swing.