Fri, 28 Mar 2008

Moral Hazard

Doug Masson pointed me to this wonderful essay by Robert Reich - read it and understand what the last 8 years have really cost us.

Bush's "ownership society" has proven a cruel farce for poor people who tried to become homeowners, and his minuscule response to their plight just another example of how conservatives use moral hazard to push their social-Darwinist morality. The little guys get tough love. The big guys get forgiveness.

(link) [The American Prospect]

via Masson's Blog

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