Tuesday, September 23, 2008

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.


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