Hey, y’all, if there is any one column to link to today, this is it, especially the last two paragraphs: https://online.wsj.com/article/SB122895345612296365.html
Chris Cox, as usual, is right: These bailouts need a sunset date, and a means to achieve them.
Look, Cox got blamed for a lot of things that either weren’t in his purview or that he privately opposed but was overruled on and felt an obligation because of his position not to speak up about. He was right abut the obligations of his position; his self-restraint is rare in Washington these days.
But here he is finding a way within his purview to offer a well-timed warning about the life-span of these atrocious bailouts. His warning ought to be heeded.
(And John McCain, by the way, ought to read this piece himself, learn from it, and then go crawl under a rock and eat worms since he won’t eat his words from September blaming Cox for the crisis. And I hope somebody quotes me on this parenthetical remark.)
