Wednesday, February 4, 2009

The travails of the rich

Here's another entry unrelated to foreign policy, but too much fun to pass up. Rachel sent me an article by David Brooks in which he urges the rich in the financial and business worlds to resign themselves to having their mores and their perks regulated by the denizens of Ward Three, the section of Washington where most 'Democratic staffers, regulators, journalists, lawyers, Obama aides and senior civil servants' reside.

Brooks offers a brilliant description of the interests, quirks and resentments of these individuals, who will influence how the federal bailout funds are administered. He's right - there's no reason under the sun to think they'll do a better job of spending money than did the newly-discredited captains of finance and industry. On the other hand, I have zero sympathy for the captains. They made the mess, now they must live with the consequences. The people I feel sorry for are all the rest of us.

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