Friday, August 31, 2007


I guess that opposition to government interference in the free market was one more item in that vast reservoir of "everything" that was changed when those Saudi militants finally brought down the World Trade Center. Bush is expected to announce today that the FHA will be allowed to guarantee mortgage loans for borrowers who are delinquent and that he will back tax relief for borrowers who refinance. It shouldn't be hard for Bush, even without Karl Rove, to show how 9/11 made it necessary to expand Government exponentially in the interest of smaller government, not to speak of the interests of the mortgage lenders and the interests of an economy dependent upon people borrowing their way into an unsustainable level of consumption.

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