Tuesday, January 6, 2009

The Obama Economy: Stimulating Growth, Or Funding Failure?

Someone in the world of editorial columns recently predicted that a ''bailout backlash'' would begin in the year 2010. Could we arrange for that backlash to get started a little sooner - - like, now?

(Snip) to the extent that one can actually follow how Paulson has disbursed our $700 billion, one thing is clear: he has not allocated the revenues in the ways he stated that he needed to - - by buying up ''troubled assets'' (bad loans) from lenders...

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