In my Tuesday column on the Fed’s bailout of Bear Stears, I noted that “The Fed’s actions will also give advocates of big government another argument to use against free marketers…if we’ll spend billions of dollars to save wealthy bankers, why can’t we afford to take care of average families?”
Sure enough, the Clinton campaign just sent out a press release calling for another stimulus package:
That translates into a $30 billion government “emergency housing fund.” She also reiterated her calls for a 90-day moratorium on foreclosures and a 5-year freeze in adjustable rate mortgages.
Do the so-called free marketers who approved of the Fed bailout have any credibility in criticizing those proposals?
