PrestoPundit

ECONOMIST ARNOLD KLING

Posted by PrestoPundit on 10/05/2008

ON THE BAILOUT.   Quotable:

The reality is that the Paulson plan is nothing more than a
government assistance package for a declining industry  ..  The American people are being given two reasons to support the
bailout, namely, that it is needed to prevent another Great Depression
and that it will actually earn a profit for taxpayers. Both rationales
are suspect ..

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