From: Travis Subject: CaglePost: Let's Hope 'Temporary' Isn't Temporary Date: Wednesday, October 22, 2008,
[image: THE CAGLE POST] <http://caglepost.com/> Would you like to reprint our cartoons on your site or in your publication? It's easy! Visit us here <http://politicalcartoons.com/>. * <http://caglepost.com/ticker.aspx>* Cartoon by RJ Matson<http://cagle.com/politicalcartoons/PCcartoons/matson.asp>- Comment on the cartoon<http://caglepost.com/cartoon.aspx?id=5F9A4AD1-9C65-4CDA-9B64-9707D78059E6> We have a great collection of cartoons called "Wall Street Stress" LOOK!<http://cagle.com/news/WallStreetStress> *Let's Hope 'Temporary' Isn't Temporary*<http://www.caglepost.com/column/Jonah+Goldberg/8207/Lets+Hope+Temporary+Isnt+Temporary.html> by Jonah Goldberg <http://www.caglepost.com/c/43/Jonah+Goldberg.html> - Comment on the column<http://www.caglepost.com/column/Jonah+Goldberg/8207/Lets+Hope+Temporary+Isnt+Temporary.html> "There's nothing so permanent," Milton Friedman famously said, "as a temporary government program." For instance, I grew up in a rent-controlled apartment thanks to a temporary measure enacted during WWII. I was born nearly three decades after the war ended. Let's hope that the partial nationalization of America's banking system isn't equally "temporary." In a dramatic meeting Monday between Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke and the heads of the nine biggest banks, the U.S. government made the financial industry an offer it couldn't refuse: Uncle Sam is buying big chunks of your banks whether you like it or not. Paulson didn't say, "I can either have your signature on this contract or your brains," the way Don Corleone explained things to Johnny Fontaine's bandleader in "The Godfather," but you get the picture. Extraordinary crises sometimes require extraordinary measures. The danger is that the extraordinary could become merely ordinary. Fannie Mae and related institutions were created during the New Deal to help expand homeownership. It was -- and is -- a laudable goal, and the government can point to some real successes, particularly when such programs were fundamentally conservative in their practices. But even then, the government was simultaneously subsidizing bad risks -- hence making them seem less risky than they really were -- while delaying the day when those toxic loans would reach critical mass. We've hit that day, and it has cost us trillions of dollars. The Bush administration's shock trauma team has been doing things they once considered unimaginable and even today find philosophically repugnant. But again, we do things to patients in an emergency ... *READ MORE<http://www.caglepost.com/column/Jonah+Goldberg/8207/Lets+Hope+Temporary+Isnt+Temporary.html> * ------------------------------ *OUR NEW BOOK IS OUT!* Our big collection of cartoons covering the presidential campaign is out in bookstores a month before election day! We've got the best of the campaign from start to almost-finish, with Obama, McCain, Sarah Palin, the convention, Hillary Clinton and all those wonderful memories, like 3:00am phone calls, super-delegates and crazy preachers! We even have a chapter on John Edwards' affair! This book is a must have for every political wonk! And you must have it now, while we're still obsessed with the campaign! Click here to order The BIG Book of Campaign 2008 Political Cartoons, from Amazon.com at a nice discount <http://www.amazon.com/exec/obidos/ISBN%3D0789738090/caglecartoons-20A>Follow Daryl each day on Twitter at: twitter.com/dcagle <http://twitter.com/dcagle> [image: Visit the newest cartoons by all of our cartoonists!]<http://caglepost.com/ticker.aspx> ------------------------------ *TO UNSUBSCRIBE (Do Not Reply): email [EMAIL PROTECTED] or CLICK HERE<http://list.caglepost.com/unsubscribe.aspx> . Copyright Cagle Cartoons Inc, Columns and cartoons copyright the respective cartoonists and columnists. All Rights Reserved.* -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
