| If we're talking about policy mistakes with disastrous long-term outcomes, it's hard to top the Iraq War for loss of life and the 2005 energy bill for threats to the planet.
In fact, we could be here all day if we set out to brainstorm all the horrible things to come out of George Bush's presidency.
But it does seem like the proposed bailout of failing banks is a contender for worst Bush administration proposal ever.
Here are a bunch of links on the subject.
Paul Krugman of the New York Times is updating his blog frequently.
Senator Bernie Sanders: Billions for Bailouts: Who Pays?
Former Labor Secretary Robert Reich: What Wall Street Should Be Required to Do, to Get A Blank Check From Taxpayers
Bonddad: This is one of the worst bills to ever be proposed.
Robert Borosage: Financial Crisis: Time for a Citizens' Plan?
Devilstower: Three Times is Enemy Action
Ian Welsh: How To Bail Out Ordinary Mortgage Holders And Not Just Banks
8ackgr0und N015e wrote a funny piece on one angle of this story that hasn't received as much attention.
Two of Josh Marshall's readers ask really good questions.
This post by Matt Stoller includes an excellent statement from Senator Hillary Clinton.
As far as I know, no members of Congress from Iowa have issued public statements about the bailout, but I will post them as they become available. |