10/22/2008
Is Obama the Next FDR?
I've previously said that I'll count myself lucky as long as Obama doesn't turn out to be the next FDR. Now the affable Paul Rubin's arguing that my luck won't hold: Barack Obama is one of the most liberal members of the Senate. His reaction to the financial crisis is to blame deregulation. He even leverages fear of deregulation onto other issues. For example, Sen. John McCain wants to allow consumers to buy health insurance across state lines. Mr. Obama likens this to the financial deregulation that he alleges got us into the current mess. But a President Obama would also enjoy large Democratic majorities in Congress