Question of the day

How come progressives opposed to TARP II are very, very worried about the cost to the taxpayer, but not worried at all by the cost to the taxpayer of a massive fiscal stimulus, a lot of which is nearly guaranteed to be wasted by virtue of the speed with which the money must fly out the Treasury's door?  And where are the conservatives taking the equal and opposite stance?

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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