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DOUBLETAKE: Strong in the fundamentals

Doubletakethe summer sensation, is back for the new fall season. Join Tribune correspondents Jim Tankersley and Jim Oliphant every day as they tackle the mysteries of the political universe and, well, breed alpacas to make a little cash on the side, because face it, this gig doesn’t pay all that great.

Jim Tankersley: Good afternoon. Once again, we are unnervingly face to face. This must stop.       

Jim Oliphant: I know. Talk about ignoring the man behind the curtain. Our mojo, such at is, derives from the fact that we never have to be accountable to each other. In a sense, it’s like a long-distance relationship.

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Tankersley: You mean, like the Fed’s new marriage to AIG?

Oliphant: Yeah, suddenly Big Government is everybody’s friend. Funny how that happens.

Oliphant: Do you realize that during the Bush administration, we have had three catastrophic events (four, if you count Iraq, five, if you count Katie Couric) and with each there has been a corresponding increase in federal spending, influence and bureaucracy? That is staggering for an eight-year stretch.

Tankersley: It’s not like we’ve never been here before. Astute Doubletake readers will recall the Chrysler bailout of the late 70s/early 80s, as the New York Times’ David Leonhart notes today.

Oliphant: The Chrysler comparison is a good one because again we are protecting a company from its own bad judgment. If only the government would do that for me. I never would have bought that guitar. And then there was that Internet date. . . . Continue reading

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