That’s what Krugman calls this deal from Treasury Secretary Paulson to give the Treasury Secretary total authorization to hand out $700 Billion taxpayer dollars.
And economist Brad DeLong points out:
John McCain chose Sarah Palin to be his vice president.
There is a 40% chance John McCain will be president on January 21, 2009.
There is no way in hell that anybody should give any extra power to any Treasury Secretary chosen by John McCain.
I beg the Democrats in congress: write a bill that makes sense.
Obama and Barney Frank better put the brakes on this. If something must be passed now, it’s too bad Paulson couldn’t put forward a transparent plan that doesn’t threaten to rip off $2000 from the average taxpayer.
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