Yglesias

The Bush/Paulson Record

CREDIT:

Brad DeLong posted this chart of the TED spread. I annotated it:

record.png

This is why the right response to a Bush/Paulson decision that we have to “do something” would probably be to take their specific proposal, light it on fire, and then call up some people who hadn’t spent the past 12 months ignoring festering problems and ask them to help you write a proposal.