Tuesday, September 30, 2008

Hunter on the Bailout Plan

[I]f the Republicans really are against any bailout based on their (cough) conservative principles, that would seem a non-starter. And any substantive concession to them seems impossible, or at least deeply stupid: proposals like "suspend the capital gains tax" paint the conservatives as more interested in privateering for the rich than actually helping solve the situation. We're not seeing class riots yet, but if the primary result of this Wall Street meltdown was that Wall Street got out of paying their taxes, I think the pitchfork and torch industries would see a banner Christmas.

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