Tuesday, March 23, 2010
Frum explains it
I've been trying without success to figure out why Goldman Sachs Red Label is uniformly opposed to the Infinite Monopoly For Insurance Companies Act, while Goldman Sachs Blue Label is (almost) uniformly in favor of IMFICA. Both "parties" are labels for the financial industry, and the financial industry gains tremendously from this act. Thus both labels should have favored it.
I was looking in the wrong place! David Frum explains it completely:
I was looking in the wrong place! David Frum explains it completely:
Now the overheated talk is about to get worse. Over the past 48 hours, I've heard conservatives compare the House bill to the Kansas-Nebraska Act of 1854 -- a decisive step on the path to the Civil War. Conservatives have whipped themselves into spasms of outrage and despair that block all strategic thinking.¶ 8:06 AM
Or almost all. The vitriolic talking heads on conservative talk radio and shock TV have very different imperatives from people in government. Talk radio thrives on confrontation and recrimination.
When Rush Limbaugh said that he wanted Obama to fail, he was intelligently explaining his own interests. What he omitted to say -- but what is equally true -- is that he also wants Republicans to fail.
If Republicans succeed -- if they govern successfully in office and negotiate attractive compromises out of office -- Rush's listeners get less angry. And if they are less angry, they listen to the radio less and hear fewer ads for Sleep Number beds.
