And third, as Eric R. Dinallo, the superintendent of the New York State Insurance Department, has wisely pointed out, we will have to step back from the current environment in which government has become a guarantor of all major risk.
So says the former governor of the state with the $60 billion Medicaid budget, the gold-plated pension system for government employees, and the ironclad incumbency-protection plan for members of the state legislature.
Although mistakes I made in my private life now prevent me from participating in these issues as I have in the past...
Mistakes? A mistake is when you use baking soda in the recipe instead of baking powder, not when you damn well know what you're doing is wrong on multiple levels and do it anyway.
I very much hope and expect that President Obama and his new administration will have the strength and wisdom to do again what FDR did.
What - extend the hard times?
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