Tuesday, December 02, 2008

Bailout foolishness

I think this post by Kos at DKos says it all about the bailouts.
I understand the argument that had nothing been done, then things might be worse today. That's an unprovable assertion, but it's a plausible one. Yet can anyone really argue that had Congress waited a few more weeks for the smart economists and policymakers to weigh in, thus allowing for a better diagnosis and solution for the problem, that things would be that much worse?

Remember, Paulson secretly worked on his plan for months before he sprung it with full histrionics on Congress and the American people. The administration deliberatively rolled it out in a way designed to limit opposition. And yes, false hysteria was part of the plan. As a result, we have another Bush Administration mess on our hands, and like the Iraq War, Democratic fingerprints are once again all over it.


Scooter said...

Agree about the bailout but, as you'd expect, not on Iraq. Of the formerly four of us, only one was seemingly calling for immediate action.

Stephanie said...

If you'd known the truth about WMD, would you have been in favor of invading Iraq?

Scooter said...

I don't know. Maybe. The idea of WMD threat certainly made it an easier call.