Time to Be Outward Bound

By Eugene Robinson
Washington Post
Tuesday, October 14, 2008

Since George W. Bush became president, the Republican Party has presided over massive, out-of-control government spending, converted a federal budget surplus into a half-trillion-dollar deficit, and looked the other way while Wall Street's greed and stupidity turned the hallowed free market into scorched earth. Now the party has to watch as a Republican president orchestrates the biggest government intervention in the workings of the private sector since the New Deal.

Can any Republican candidate claim with a straight face to represent the party of small government? For that matter, can any Republican candidate plausibly explain what the party is supposed to stand for these days?

It's pathetic to hear right-wing talk radio blowhards try to associate Barack Obama with "radical" or "socialist" views when a Republican administration is tossing aside "Atlas Shrugged" and speed-reading "Das Kapital."

The Federal Reserve announced yesterday that it will make unlimited quantities of dollars available for currency swaps with the Bank of England, the European Central Bank and the Swiss National Bank, as these institutions scramble to keep major commercial banks from failing -- and potentially taking U.S. banks with them. None of Bush's Cabinet members could be heard sniffing about the irrelevance of effete "Old Europe."

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