Bailout Politics

In this article the author attacks the economic policies of the democratic legislation, especially as of late.  The author is well qualified as he is an economist and a Senior Fellow at Stanford University.  The article is caked full of different types of sarcasm and irony to further his points.  His sarcasm is easy to spot due to the fact that he puts quotation marks around his sarcasm. Doing so helps the reader find the parts that the author believes to be nonsense.  It effectively strengthens his argument. He speculates that the bailouts of Fannie Mae and Freddie Mac were astronomical mistakes and that we now have opened the floodgates for all kinds of future bailouts to occur.  Overall, his basic argument is that if we bail out certain companies, then where do we stop?  Are we simply going to bailout any large company who is threatened to go out of business?  These are all questions that the author leaves for us to answer for ourselves.  We already saw similar things during the bailout of the large motor companies.  This is a classic debate among the American political system.  It’s always regulation versus freedom, and tariffs versus laissez-faire.  This paper is heavily on the side of the Republicans, and when reading it, you can tell that is rather one sided.   The article expresses only his opinion and fails to address the opposing side.  This doesn’t really weaken his argument, but rather sparks interest within the reader to go and further investigate on their own time.