I sympathize with a lot of what he says. But I also worry that we’re substituting guilty-by-association name-calling for real analysis. As I’ve written earlier, I have serious reservations about throwing up to $700 billion at the Treasury Department. But I also know that our liberal (in the broadest sense of the word) society is a precious, fragile thing. Both its detractors and supporters acknowledge that broad-based economic growth undergirds liberal legitimacy, and I fear our pluralistic social model won’t survive sustained economic upheaval. In short, I’ll take a bad bailout over the next Great Depression, though I’m not yet convinced our choice is that stark.