Wednesday, February 25, 2009

Krugamn: rearrange the deck chairs

http://krugman.blogs.nytimes.com/2009/02/24/mysterious-plans/

I’m trying to be sympathetic to the various plans, or rumors of plans, for bank aid; but I keep not being able to understand either what the plans are, or why they’re supposed to work. And I don’t think it’s me.


I just don’t get it. And my sinking feeling that the administration plan is to rearrange the deck chairs and hope the iceberg melts just keeps getting stronger.


Yet another person calls the war unwinable....

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