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I was being more conservative at a 15/1 ratio, but yeah, we don't have to take the dynamite enema route to solve this crisis, although that may be our leader's choice.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Sep 25th, 2008 at 09:51:51 AM EST
[ Parent ]
The problem is that if a "compromise" is achieved on the Paulson/Dodd proposals on the Hill, even if all the economists in the land blog that it's a bad compromise, it will be adopted (by definition of "compromise"). And then when things go pear-shaped every commentator will blame the Bush administration, the Republicans or the Democrats according to their prejudices.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Sep 25th, 2008 at 10:12:28 AM EST
[ Parent ]
And the really big problem with that is that the Bad Guys have many more pundits than we do.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Sep 25th, 2008 at 02:15:50 PM EST
[ Parent ]

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