It has been noted, on this blog and elsewhere, that the sense of national emergency over the last three weeks has been eerily reminiscent of various national security threats we’ve encountered in the last eight years. The important difference, of course, is that the Army, Navy, Marines, and Air Force have been completely unable to help us out of this crisis. Only Hank Paulson and Ben Bernanke could do anything about it. They were kind enough to ask Congress for permission, but as we’ve noted, they went ahead with a back-door bailout anyway, even before Congress consented.
Now that Congress has ratified it, however, the new reality is that our economic security — and therefore, it is widely believed, our national security — now depends on a new part of the executive branch. It seems only fair that this newest guarantor of our lives and our fortunes (though not, I think, our sacred honor) should have some patriotic songs to celebrate its important new role.
As you may have guessed, I have some modest suggestions, Read the rest of this entry »