NYTimes - Krugman -- Business as Usual

"The mood among business lobbyists, according to a jubilant official at the Heritage Foundation, is one of "optimism, bordering on giddiness." They expect the elections on Nov. 5 to put Republicans in control of all three branches of government, and have their wish lists ready. 'It's the domestic equivalent of planning for postwar Iraq,' says the official.

"In retrospect, it's hard to see why anyone believed that our current leadership was serious about corporate reform. To an extent unprecedented in recent history, this is a government of, by and for corporate insiders. I'm not just talking about influence, I'm talking about personal career experience. The Bush administration contains more former C.E.O.'s than any previous administration, but as James Surowiecki put it in The New Yorker, 'Almost none of the C.E.O.'s on the Bush team headed competitive, entrepreneurial businesses.' Instead they come out of a world of "crony capitalism, in which whom you know is more important than what you do and how you do it.' "