Arthur Brooks, at The Wall Street Journal suggests that there’s a bit of a culture war going on about the future of capitalism. The headline suggests that “The Real Culture War Is Over Capitalism “
There is a major cultural schism developing in America. But it’s not over abortion, same-sex marriage or home schooling, as important as these issues are. The new divide centers on free enterprise — the principle at the core of American culture.
I dare suggest Brooks in this quote, has this exactly backward. He’s pointing at a symptom and labeling at the root cause. Not that I blame him, really. It’s been so long since we’ve dealt with things on the level of principle that even the more learned among …
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It’s so easy to get away with things. Right in front of everyone. No one seriously does anything about it. We’ve seen it with Obama, Clinton, Clinton, and today, with Chris Dodd.
I don’t know why I keep thinking that people like Dodd are respectable and of high integrity. When Countrywide gave him a great, no a ridiculously incredible deal on his mortgage (his wasn’t a sub-prime, was it?), he had to know right then an there that he was get preferential treatment of an order that was inappropriate for a US Senator. Add to that the fact he received significant political contributions from the company and then he co-sponsors the Dodd-Shelby housing-bailout bill (that essentially bails out the likes of Countrywide).
And now, National …