Monday, August 18, 2008

news blurb...populism 101

from George Will: "McCain's populism, if such there must be, should be distilled into one proposal that would be popular and, unlike most populism, not economically injurious. The proposal, for which he has expressed sympathy, is: No officer of any corporation receiving a federal subsidy, broadly defined, can be paid more than the highest-paid federal civil servant ($124,010 for a GS-15). This would abruptly halt the galloping expansion of private economic entities -- is GM next? -- eager to become, in effect, joint ventures with Washington."