McCain's response to government coffers depleted by the bailout isn't to rescind his tax cut but to freeze spending on everything but defence, veterans and entitlements - a military financial complex. Obama has conceded that his plans to expand access to healthcare, education and to make America energy-independent will have to be trimmed. Finally, the American political class has embraced a redistributive agenda. The trouble is they are about to divert public money from the poor to the bankers and financiers.
"Capitalists can buy themselves out of any crisis, so long as they make the workers pay," said Lenin. It is rarely regarded as common sense to quote him in polite company. Yet as a description of what is taking place right now, it is the most sense I've heard in a long time.