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Dean Baker opposes the bailout, thinks we're better without it than with it.
Paul Krugman thinks the bailout is necessary, and that this relatively poor bill is nonetheless likely the best the Dems could get.
I think Setser and DeLong think, like Krugman but unlike Baker, that something must be done, though I don't know their opinion on the specific bill that was unveiled this morning.
Meanwhile, four major bailouts/takeovers/nationalizations in Europe and one in the U.S. in the last 24 hours.
And the 1-month t-bill is at 0.04%, TED spread at 3.5. I have little idea what that means, but people who do are gaping in astonishment.
Paul Krugman thinks the bailout is necessary, and that this relatively poor bill is nonetheless likely the best the Dems could get.
I think Setser and DeLong think, like Krugman but unlike Baker, that something must be done, though I don't know their opinion on the specific bill that was unveiled this morning.
Meanwhile, four major bailouts/takeovers/nationalizations in Europe and one in the U.S. in the last 24 hours.
And the 1-month t-bill is at 0.04%, TED spread at 3.5. I have little idea what that means, but people who do are gaping in astonishment.
