The Corner

Blame Goldberg

Paul Ryan has told me the story a couple times about how he was influenced by my book to vote for the TARP bailout. He’d seen in my book how progressives “never let a crisis go to waste” as Rahm likes to say and he took the Bush administration and others at their word about how dire the consequences would be if TARP didn’t pass. Anyway, I never wrote about it because I assumed the story was off the record. Well, not anymore. From the Daily Beast:

While Ryan’s entitlement-reform plan is likely the most far-reaching conservative legislation put forward this year, his economic record is hardly doctrinaire. He voted for the bank bailout, a position considered heretical by most of the right wing, and the auto bailout, an even more reviled bill among Republicans.

Ryan said his vote for the bailout was influenced by Jonah Goldberg’s Liberal Fascism, a popular book among conservatives that argues that Nazism and other fascist movements were actually left wing in origin, and his belief that a second Depression would threaten capitalism—and rescue Obama’s presidency.

“I’m a limited-government, free-enterprise guy, but TARP . . . represented a moment where we had no good options and we were about to fall into a deflationary spiral,” he said. “I believe Obama would not only have won, but would have been able to sweep through a huge statist agenda very quickly because there would have been no support for the free-market system.”

Most Popular



Happy Saint Patrick’s Day, everyone. Hope it has been a good one. Yesterday, I had a tale in my Impromptus column. I had been to Harvard, to conduct a couple of interviews, and I waxed nostalgic. In Widener Library, there are bag-checkers -- people checking your bags on your way out. Ages ago, there was this ... Read More
Politics & Policy

Rolling Back Dodd-Frank

The Senate on Wednesday passed a bill that would roll back parts of Dodd-Frank. The vote was 67–31, with 17 members of the Democratic caucus breaking party lines. If the legislation passes the House and is signed, it will be the largest change to the controversial financial-reform package since it became law in ... Read More
Politics & Policy

Hillary’s Other America

I am still chuckling at Hillary Clinton’s speech in India. Among the things she said: If you look at the map of the United States, there is all that red in the middle, places where Trump won. What that map doesn’t show you is that I won the places that own two thirds of America’s Gross Domestic product. ... Read More
Politics & Policy

Samantha Power Regrets

‘I’ve had a lot of bad ideas in my life,” former U.N. ambassador Samantha Power tells Politico. “Though none as immortalized as that one.” Wow. It’s a major concession. And what might “that one” be? Not standing idly by in the White House while Iranians protested a fixed election in 2009, then ... Read More