Sunday, April 06, 2008

The wisdom in Will's column

Yesterday I used portions of George Will’s most recent column in NY Times & "bankruptcy reform," a post responding to a NY Times editorial.

Today places Will’s column at the top of a 17 column/op-ed list to which it links. Give the column/op-ed list a scan.

And if you haven’t already done so, please read Will’s column, especially noting this section which I didn’t include in yesterday’s post:

... This is the crux of the difference between the two parties -- belief in the competence, responsibility and accountability of individuals.

When Obama characterizes my position as "little more than watching this crisis happen," he again has part of a point. The housing market must find its bottom, and no good will can come from delaying the day that it does.

The market, which bewilders and annoys liberals by correcting excesses without the supervision of liberals, is doing that as housing prices fall far enough to stimulate demand. Witness this recent Financial Times headline:

"Property sales pick up as prices plummet."

The story began: "Sales of previously owned homes in the U.S. rose for the first time in seven months in February, while sale prices fell by their most in at least 40 years."

By golly, the Gershwins were right: The age of miracles hasn't passed. ...
There’s wisdom in what Will says.

And what about liberals? If they don’t believe in miracles, what do they believe in?

They believe in programs, solutions, regulations, trial lawyers, George Soros, and everything critical Europeans say about America.

Also, NPR, the NYT, and the U. N.

Other things, too, but I'll save them for another day.