Business As Usual? Not At All

Barack Obama says his administration represents the end of “business as usual” in Washington. So far that appears to be true. What’s happening these days is considerably worse than what has previously passed for standard practice. Currently, the politically powerful are lined up to receive billions in federal bailout funds. Glenn Reynolds best described what is going on in Obama’s Washington:

This is not so much a stimulus, as a massive transfer of wealth from the politically unconnected to the politically connected.

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