An amateurish attempt at explaining current events large and small.
Tuesday, September 30, 2008
Thoughts on Paulson
Matt Yglesias has a great post on how Paulson has bungled the bailout among other things. His basic argument is that the sensible thing for Paulson to have done was quietly go around congress and try to gin up support for a plan before announcing his bailout as opposed to pulling a plan out of his rear and then yelling from the rooftops that all hell would break loose if the plan was not adopted.