I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I’m proud of that.
There was a degree of interventionism in American foreign policy, the notion that we must be the superpower and we have to intervene everywhere, that I think makes no sense.
Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
I should have voted for the first Iraq war. George Bush did that one very well. I had been skeptical. I was afraid that George Bush was going to treat the first Iraq war the way his son treated the second.
These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.
But it is also clear that left entirely untouched by public policy, the capitalist system will produce more inequality than is socially healthy or than is necessary for maximum efficiency.
Going before an audience of people who expect you to be funny is tough. Going before an audience that expect you to be boring, and then being a little funny, is much easier. I prefer easier.
There were a lot of Romneys. There’s the Romney who was going to be better on gay rights than Ted Kennedy; now there’s a Romney who checks with Rick Santorum on that issue.
I do not think that any self-respecting radical in history would have considered advocating people’s rights to get married, join the Army, and earn a living as a terribly inspiring revolutionary platform.
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