Words.
"Constant repetition of anti-government rhetoric in our political echo chamber has dulled Americans into overlooking an important and perhaps surprising fact: We have just lived through one of the more notable successes of government intervention in modern times -- the auto and bank rescues that almost surely saved the country from another Great Depression.
...It's one thing to denounce government when it fails to achieve its goals. But to ignore government's achievements in times of crisis is willfully stupid. Especially when, as in the auto and bank bailouts, government was coming to the rescue of private companies that had endangered the country.
...here's the point that nobody in politics seems to get: The government interventions worked. The companies were saved. Most of the money that taxpayers invested is likely to be repaid. Many politicians talk as if the whole process was a disaster, but it wasn't. Private actors made bad decisions, but public officials generally made good ones.
...President Obama and the Democrats should stop running scared on this one. The truth is that the government rescue of the auto and finance industries was a success and a necessary condition for the economic recovery that's slowly gathering steam. Stop apologizing; start taking credit for policies that worked."
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