Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
To be fair Jérôme, there are people who tried their best for the mess not to happen, and who are now saying we should go with the bailout (most notably Krugman).

Admittedly, they are also saying that it's not the right plan. But the right plan does not seem possible to pass, and Republicans seem quite ready to hold the Economy hostage.

Anyway, another person we are listening to and who didn't put us into this mess is you, and I'm pretty sure I can remember reading you saying (and I agree with that) that we must act to mitigate the fall of the financial system.
I'm not going to say 'save' in case it's understood as keeping it as it was -it's in dire need of major reforms. But an uncontrolled collapse would be dire.

The bailout is not the best way to help the economy. It's possibly the best we can get to kick the can along the road to a point where there can be no Republican veto, and somewhat competent people in federal agencies.

"It failed because Nacy Pelosi said some unkind things about George Bush in her speech"

by Cyrille (cyrillev domain yahoo.fr) on Wed Oct 1st, 2008 at 07:43:24 AM EST
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