And There's That Catch

More

I haven't posted yet on Bush's mortgage rate freeze plan because it seemed at first glance like a pretty good idea that was, if anything, too generous to people in need. That, though, didn't sound right at all, so I figured I must be misunderstanding. And, indeed, it turns out that Bush has devised a bailout that doesn't help low-income people.

That's more typically Bushian and absurd. Bailouts are always a tricky thing, because you don't necessarily want to insulate people from the consequences of bad decision-making. On the other hand, when there's objective hardship and the ability to help out, it can make a lot of sense to step in. Excluding the worst-off people stands the moral logic of the enterprise on its head.

Jump to comments
Presented by

Matthew Yglesias is a former writer and editor at The Atlantic.

Get Today's Top Stories in Your Inbox (preview)

Why Are Americans So Bad at Saving Money?

The US is particularly miserable at putting aside money for the future. Should we blame our paychecks or our psychology?


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

The Death of Film

You'll never hear the whirring sound of a projector again.

Video

How to Hunt With Poison Darts

A Borneo hunter explains one of his tribe's oldest customs: the art of the blowpipe

Video

A Delightful, Pixar-Inspired Cartoon

An action figure and his reluctant sidekick trek across a kitchen in search of treasure.

Video

I Am an Undocumented Immigrant

"I look like a typical young American."

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Writers

Up
Down

More in Politics

Just In