Thursday, September 25, 2008

Kudlow on the Plan and Speech

From the Corner:

.... I don't like it, but sometimes you just have to stop the financial fear. When I spoke to Alexander Hamilton last night about this, he told me it was the right thing to do. Like he did in the 1790s. Anyway, I think President Bush moved the ball forward tonight, and I expect a bi-partisan solution in the next day or two. Without pay limits for auction buyers and sellers, and without government ownership of buyers and sellers; no Soviet-style confiscation. All in all, looks like a good time to buy the depressed stock market. Spells more credit and better growth next year, that is, if we don't hike taxes and put up protectionist trade barriers.

I'm not sure I know what that means but I had to quote another Hamilton reference. Too, he touches on my time to buy thought.

I still have fears that in just a couple of weeks we could be advancing the ball toward socialism more effectively than Hillarycare did in a couple of years.

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