brinkmanship on the economy
Confusion on the Hill over the Paulson bailout plan. Republican Senator Richard Shelby - an ex-banker - has real concerns. So does Paul Krugman, who is concerned it would be better to simply inject capital, as in the savings & loan story back in the 1980s.
The White House as usual insists Congress take it or else. But there is no reason for the Dems - and Congressional Republicans who share concerns - not to try to make this better (hope they read Krugman).
Then they can dare Bush to veto it.
The White House as usual insists Congress take it or else. But there is no reason for the Dems - and Congressional Republicans who share concerns - not to try to make this better (hope they read Krugman).
Then they can dare Bush to veto it.
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