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The Benefits Of Inaction
ByClive Crook blames everyone for the bailout failure:
It would have been better to pass an imperfect bailout plan promptly than come up with an improved version after a delay of days or, heaven forbid, weeks--always assuming that it is improved, in the end, and does eventually pass...Whatever gets voted through is not going to be the last word on the subject in any case. Nothing like it. The plan will be revised on the run for months and maybe years. Prompt and basically sound action with broad political support was the order of the day. The country's politicians were incapable of it.
For which I'm grateful. I prefer systems that resist sudden bouts of borad political support for anything. And the American constitution is one such system. God save us from unanimous action.
