Is A New Era Of Big Government On Its Way?

BY DAVID HOGBERG
INVESTOR’S BUSINESS DAILY

Treasury Secretary Henry Paulson’s massive financial bailout may be the beginning of an era of government expansion.

If Congress passes the $700 billion plan, the odds increase of greater government involvement across the economy, experts say.

“The shutting down of government involvement and the market knows best — that era is over,” said Lawrence Mishel, president of the pro-union Economic Policy Institute. “Market fundamentalism is taking a beating in policy circles and the public mind.”

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