The Economic Nationalist

The Economic Nationalist does not claim to know whether the Wall Street bailout bill the president has recently signed is right or wrong. Serious arguments can be made both ways and, since the bill is now law, you and I may never learn what would have happened had Congress declined the bailout. The fact seems to be that U.S. market history reveals no near analogy to the Crash of 2008, the Crash of 1929 notwithstanding.

What we do know however is that Congress panicked. The default posture of a wise Congress in an uncertain crisis would have been to take no action, to observe, to prepare, and to await a further turn of events. This Congress did not do that. Shame on them.

HJH

I told you that Joe Biden was good. Sister Sarah unfortunately was not so good. Is it too early to report the quick end of Sarah Palin’s meteoric national career?

And is it too early confidently to forecast Barack Obama’s elevation to the presidency January 20, 2009?

HJH

Candor compels one to admit that Sarah Palin has not yet nearly measured up to the hopes we conservative American traditionalists have wanted to invest in her. Mrs. Palin still has time. It may be that her poor recent national interview performances reflect little more than her unfamiliarity with and consequent discomfort with her new political role. However—if we are candid—we will admit that though Mrs. Palin has not done much to damage our trust she also has not yet done much to vindicate it.

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