The American Spectator

Michael Roush| 11.5.08 @ 1:15PM

Barak Obama's victory, in part, is a rejection of the core principal of conservatism - that the pursuit of the common good is achieved only through individuals pursing their self interests unfettered by government regulation and taxation. This philosophy fails to recognize that we live in communities and that there are some interests that we cannot pursue without government. Well ordered financial markets that are transparent and fair is the most painfully obvious example we have before us right now. It was stunning to see Mr. Greenspan express amazement that Wall Street institutions, free from government oversight, did not perform perfectly in the interest of all individuals.