November 21, 2013

Misguided Liberals Believe They Can Spend Other People's Money Better


[From article]
Warren, a scourge of (other) economic royalists and especially of large financial institutions, is a William Jennings Bryan for our time: She has risen from among Harvard’s downtrodden to proclaim: “You shall not crucify mankind upon a cross of derivatives.”
Before she sank to a senator’s salary, she was among the 1 percenters, whose annual incomes now begin at $394,000. Hillary Clinton recently made more than that from two speeches, five days apart, for Goldman Sachs, a prowling Wall Street carnivore that Warren presumably wants to domesticate. Between Warren, hot in pursuit of malefactors of great wealth, and Clinton, hot in pursuit of great wealth, which candidate would be more fun for the kind of people who compose the Democrats’ nominating electorate?
[Hillary Clinton] explained her health-care plan this way (a delicious quotation excavated by the Wall Street Journal’s Holman Jenkins):
“We just think people will be too focused on saving money and they won’t get the care for their children and themselves that they need. . . . The money has to go to the federal government because the federal government will spend that money better.”

http://www.jewishworldreview.com/cols/will111613.php3#.UoirFN00jDo
   
Jewish World Review
Excitement for 2016
By George Will
November 16, 2013

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