- TARP bail-outs saved the world from a global depression, with many banks already having paid back substantial amounts.
- Obama saved thousands of jobs and a big hit on the economy by bailing out GM and Chrysler, with them already having paid back substantial amounts.
- The stimulus bill if anything may not have been enough, but is generally agreed by economists to have improved the economy.
- The health care bill aims at good goals that coincide with Christian goals, although we can debate about the details. The timing given the current debt is a question although something needs to be done and never is.
- The key to the housing crisis was not the lending practices of Fanny Mae and Freddie Mac, although these no doubt need reformed as well. It was what what Wall Street did with these debts, bundling them together and trading them, that created the economic tsunami. This means that regulation of these things is key, the opposite trajectory of those posed to take power tomorrow.
- Rhetoric about socialism or stealing from the people has a Christian sound but really is the typical syncretism of culture with Christianity. It has little to do with biblical teaching read in context and in fact in many respects is ironically opposed to biblical values.
- An approach to government that precludes it from "peripheral" good like supporting the arts or science or empowering the weak in the end will deconstruct America as we know it.
In other news, it was my week to post on the seminary blog and I chose the topic Engaging Worldly Powers. Unfortunately for me, I'm up today at 3:30 to present at the Theological Seminar. My topic is "Otherworldly Afterlife with Resurrection." I'll have to go with PowerPoints since I've hardly had time to write a paper these days. It is part of my "Four Afterlife Trajectories in Second Temple Judaism" series, based on research I did on a Fulbright in Germany in 2004. Unfortunately, it took me 10 years to go from initial work to publication on my last scholarly book. I hope I can beat that this time.