Re: Global Trade and Preposterous Pants (Dan Drezner & Reihan Salam)
Why in the world does Reihan think that our political culture is paralyzed? Over the last 12 months the combination of Congress, the administration (2 of them) and the Federal Reserve have asserted federal governmental power in a more comprehensive manner than at any time in our nation's history, with the reasonable exception of the Civil War. Federal governmental power has been used much more than it was during the depression era. The domestic auto industry has been nearly nationalized, hundreds of billions have been committed to choose between winners and losers in the nation's finance schemes, we have been fighting two wars, neither of which has maintained any significant popular support, the mortgage market has been entirely federalized. There may be a sense that the government is not getting the job done (whatever the heck you think "the job" is) but the above public institutions have clearly exercised their authority- and maybe more than their authority - in a huge manner these last months.