Sunday, March 22, 2009

Bank Rescue Plan Underwhelming

I am not in the habit of believing liberal columnists, but Paul Krugman is an exception. He may be a liberal, but he is also a Nobel Prize-winning economist, and a very respected political commentator.

In this article in the New York Times, Krugman gives his opinion of President Obama's bank rescue plan, and the initial impressions are not pretty for either the Obama administration, or for the United States. If Krugman's analysis is correct, and I am not qualified to judge its merits, and his predictions come true, then Obama may be a one term President, and the nation may suffer much more than it might.

I hate the fact that I am hoping that a Nobel Prize winning intellect has pulled a boner. How likely is that to happen?

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