Last night, someone asked me if I was a Republican or a Democrat. I'm a registered Republican, but after that last few years I'm not sure what I am any more. I don't see either party standing up for traditional Republican economic values. It all looks like Socialism or Socialism-Lite.
President Bush has unveiled a plan to cap interest rates for distressed borrowers threatened with foreclosure. Hillary has upped the ante, calling for a halt to all foreclosures, period. This represents a distortion of a large part of the American free market and like others before it, will do far more harm than good.
What planet are these people from? I can understand Hillary's position, since she has never shown even the tiniest comprehension of economics, but President Bush has an MBA from Harvard. I've never bought into the canard that President Bush is a dummy. Despite his principled and, in the long run, visionary success in Iraq, when it comes to the US, he's just another gravy-ladling politician like most of the other Republicans.
One party is completely incompetent at economics and the other is utterly mendacious. Thank goodness for Fred.