Headline this morning from Reuters:
“McCain, Palin urge Fannie, Freddie restructuring”
Yesterday, Sarah Palin didn’t know who Fannie and Freddie were; they could have been stars of a TV show from her childhood for all she knew. Today, she and Sen McCain “co-authored” (sorry, Becky, to use the term in such a sickly context) an op-ed in the WSJ calling for restructuring of the financial giants.
While I’m glad two conservatives are on board with a plan to give some government control of the private sector, I can’t help but cry foul on behalf of all the times either of them has argued for smaller government and more freedom for corporations to do their thing.
Or put another way, I’m not sure why it’s different to advocate corporate welfare from advocating government programs. If the taxpayers (us) are going to pay either way, why take a detour through lining the pockets of the already-wealthy along the way? They get enough of my money already from tax incentives, bailouts, subsidies, grants, etc. Why pay double for the same lousy service?