Political Winds

The Web is littered with essays and comments about the bailout of the former Big Three (now the Wee Three). As usual, Megan has some very insightful opinions. However, despite the obvious problems, I think the bailout will occur, if not in the interregnum, then in the Obama administration. Then expect the worst.

The beauty of the American political system is that it is self-correcting. In the last election, Americans rejected the errors of the Bush administration. If the bailout and it’s predicted miserable consequences happen, Americans will quickly reject a Democratic Congress as well. Progress doesn’t occur in a straight line: we tack with the political wind. Slow progress is frustrating, but nothing else seems to work.

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