A friend IM's: "For all those salivating at the thought of a second New Deal, this is what 'bold, persistent experimentation' looks like -- kinda messy." Indeed. My question: will consumer confidence be bolstered more by confident persistence (possibly in the wrong direction), or by a hypermanic government that seems willing to try
anything? Or will neither work, and we're simply hosed?
This article available online at:
http://www.theatlantic.com/business/archive/2008/11/another-way-to-think-about-paulson/4393/