Krugman on the Bail Out

Paul Krugman always gets our attention. He is a strong critic of Bush and Bush policy.

Here he lays out his thoughts on the bail out.

NY Times: The 3 A.M. Call

The bailout plan released yesterday is a lot better than the proposal Henry Paulson first put out — sufficiently so to be worth passing. But it’s not what you’d actually call a good plan, and it won’t end the crisis. The odds are that the next president will have to deal with some major financial emergencies.