SMRs and AMRs

Tuesday, July 27, 2010

The Long Strategy

By DAVID BROOKS
NYT

I was a liberal Democrat when I was young. I used to wear a green Army jacket with political buttons on it — for Hubert Humphrey, Birch Bayh, John F. Kennedy and Franklin Roosevelt. I even wore that jacket in my high school yearbook photo.

It’s a magic green jacket. I can put it on today and, suddenly, my mind shifts back to the left. I start thinking like a Democrat, feeling a strange accompanying hunger for brown rice.

When I put on that magic jacket today, I feel beleaguered but kind of satisfied. I feel beleaguered because the political winds are blowing so ferociously against “my” party. But I feel satisfied because the Democrats have overseen a bunch of programs that, while unappreciated now, are probably going to do a lot of good in the long run.

For example, everybody now hates the bank bailouts and the stress tests. But, the fact is, these are some of the most successful programs in recent memory. They stabilized the financial system without costing much money. The auto bailout was criticized at the time, but it’s looking pretty good now that General Motors is recovering.

(More here.)

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