So President Bush is asking for a $700 billion federal government bailout of our financial institutions, and when it comes to what this means for conservatism, I think Newt Gingrich is right:
"I believe that the president is exhausted and the vice president has been marginalized, and what you now have is the Washington interests . . . dominating the administration," former House speaker Newt Gingrich (R-Ga.) said in an interview yesterday. "We have now launched big-government Republicanism. If we saw France do this, Italy do this, we would have thought it was crazy. We would have had pious speeches about the folly of bureaucrats running businesses."
We as conservatives have to do a lot more thinking about how we begin to break this cycle of ever-expanding government.
