In short, as I said at the beginning, the bill is a vast improvement over the original Treasury proposal. Given the choice between approving or defeating the bill as it stands, I would urge supporting the bill. I do so without illusions. There need be no pretense that it will solve our underlying financial and economic problems. It will not. The purpose, in my view, is to get the financial system and the economy through the year, and into the hands of the next administration. That is a limited purpose, but a legitimate purpose. And it may be the most that can be accomplished for the time being.
- Laura
Local paper makes good! Seattle Times commits flagrant acts of journalism, actually digging through archives, interviewing all people concerned, and writing up a detailed report. Wow!
- Laura
While some have argued that, like in 1980, Obama may only open up a big lead late in the race (and others point out that Obama's current lead is big in terms of the Electoral College), this takes a contrarian view.
- Laura