STIMULUS AND RECOVERY? We’re in a hole, yet we dig even deeper.

Our elected representatives in Washington sold the “American Recovery and Reinvestment Act of 2009” as a stimulant for the economy, but it is, in fact, Viagra for the leviathan state. The legislation effectively repeals welfare reform, the single most successful domestic policy of the 1990s. I must have been in the bathroom during that debate. . . . Not only are we nationalizing the banks, but the legislators overseeing the banking industry regulate about as well as I play the left-handed harpsichord.

Christopher Dodd, chairman of the Senate Banking Committee, who got a sweetheart mortgage from Countrywide and carried water for Fannie Mae like Gunga Din, should be testifying before his own committee in an orange jumpsuit in exchange for early release. Instead, he’s spewing righteous indignation about the malfeasance of the people who used to buy him lunch.

Read the whole thing. Meanwhile, Frontline is treating Dodd as an unbiased expert. “And the Dems want a Fairness Doctrine?” Maybe the Frontline folks missed this.