Thank you, Wall Street Journal, but SAVAGE SAID IT FIRST in his March 25, 2020 PODCAST:
Wall Street Journal:
History shows that national shocks—the Depression, World War II, the financial crisis—have a way of expanding the role of government in lasting ways. This one is looking like no exception.
The crisis has been not just a public-health emergency requiring a sweeping response, but also the cause of the most searing economic pain since the Great Depression, summoning forth a multi-trillion-dollar government intervention into the economy.
Much of today’s new government activism will recede over time along with the virus. Yet conversations with a broad cross-section of political figures suggest there is little reason to expect a return to what had been the status quo on federal spending, or the prevailing attitude toward the proper role of government.
“The era of Ronald Reagan, that said basically the government is the enemy, is over,” said Rahm Emanuel, a moderate Democrat who served as mayor of Chicago, a member of Congress and President Obama’s first White House chief of staff.