Something else from George Will
Rep. Barney Frank, who chairs the House Financial Services Committee, says: "No one in a democracy, unelected, should have $800 billion to spend as he sees fit. . . . That's not the way to run a democracy." Frank is properly punctilious about a fundamental principle of American governance -- legislative control of public funds.
But a fundamental principle of American political economy is that no elected person should exercise virtually unfettered discretion with such sums of taxpayers' money.
The hypocritical howling about "socializing" things from liberals here would be funny if it wasn't a serious issue. I suspect that if we had a Democratic administration and Secretary of the Treasury opinions would be different. What's really making Democrats in Washington grind their teeth is that they aren't the ones getting to pass out the loot.