Cross-Posted at Left Flank
Here are two opposite, and not exclusive, arguments, why rejecting the Paulson plan was both a sound political and economic decision.
Firstly, there will be no crisis.
©2008 PoliGazette. All Rights Reserved..
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(Why is the MSM so lame?)
The stock market tanked on Monday, so why quibble with numbers? 777? 7%? So what?
©2008 PoliGazette. All Rights Reserved..
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Left and right, blogs are sighing with relief. Another “new-and-improved” bailout bill is on the way.
©2008 PoliGazette. All Rights Reserved..
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The EU has more colorful currency, longer paid vacations, Euro-porn…and now European governments are more efficient at bailing-out banks? Even an American expat thinks the way ROK handled its credit card crisis in 2000 is a role model for the US!
©2008 PoliGazette. All Rights Reserved..
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Perhaps the failure of the bailout bill is actually a good thing, argues PG’s Balt.
©2008 PoliGazette. All Rights Reserved..
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House and Senate Democrats are out to prove, that the political maneuvering around the bailout bill among the McCain and Obama campaigns, party leaderships, and the White House is more than a $700 billion game of chicken. Some form of Wall Street welfare relief seems set for delivery to the chambers...
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The Bush administration and Beijing are on the same wavelength responding to Pyongyang’s request of the IAEA to remove seals and surveillance equipment from Yongbyon. Beijing called for “flexibility”, and US Assistant Secretary of State Christopher Hill downplayed the significance ...
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Cross-Posted at Left Flank (includes a bhTV diavlog featuring Brink Lindsay and Robert Litan)
I identify with Robert Litan’s plight as a pro-trade liberalization Democrat. His call for wage insurance and health care reform, instead of demonizing freer trade, makes public policy sense. But, lat...
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