Our Catastrophe, and Theirs

Nicholas Kristoff declares that “a humanitarian catastrophe has been averted for now,” and Dennis Ross claims 100,000 lives were saved by US intervention in Libya. Does any of this sound familiar? It’s precisely what the advocates of the bank bailout did. They came to Congress and the American public  (and overseas too) and said: if you don’t give the banks and certain other favored mega-corporations $700 billion, financial Armageddon will ensue. After some reluctance, Congress caved — and, to this day, the TARPsters claim that, if not for the bailouit, we’d all be broke. Oh, wait — well, anyway, you get the point.