I always thought it was Lincoln playing progressive on this issue to boost her chances. I don't know if I buy the TPM point that it was the Senate doing it for her. Regardless, as you note, the game is up :)
Are economists politicians? It is a legitimate question.
I cannot fathom the finances. Instead, I have to rely on the opinions of a wide array of professional (i.e., not blogosphere armchair) economists.
Some say the bailouts were unnecessary. Most say it staved off a depression. I do not condone the manner in which the bailouts were handled by either administration.
I would like to see a reliable source for trillions, as sources (NY Times and Wikipedia) place that value in high hundred billions, and detail what has been repaid.
I know full well what was going on, and I'm disgusted. I could opine for hours on the war against the middle class. But as far as I'm concerned, the only focus at this time should be on repairing regulations to prevent such gambling and increased taxes on the wealthy and on financial transactions to recover any losses due to the bailout. By the time the bailout was necessary, in my opinion, it was already too late for any other rational course of action.
Allowing a second great depression to spark the needed revolution is not a humane option.
But in the wake of all this, I still cannot fathom why your guy Bill Halter can't make any traction against the likes of Plantation Blanche. Where's that anti-DC sentiment?
I'm not sure where you got the impression that I was rooting for the likes of her? I fervently support Bill Halter and have donated to his campaign. It's a right decision by Arkansas democrats that I'm rooting for.
When you work for a living, and are told the bank bailouts are the only thing that kept us going from recession to depression, it rather smacks of limousine liberalism to hear paid political consultants, bloggers, and pundits tell you it would have been better to just go for that depression... in the same sentence of talking of getting to go to Brazil for campaigning.
I'm sorry. I spent 14 weeks on unemployment that was ended by the ARRA. The recession was bad enough for me. I wish the bailouts had been better supervised, but they weren't. It is water under the bridge at this point. I can only hope we demand changes in the system.
But what's Jerome to say when Bill Halter likely loses next week, where Arkansas democrats choose Plantation Blanche instead?
Any healthcare debate was going to be ugly and bruising, considering every previous President that attempted it failed. There were possibilities to make it more appealing, but we have to consider the difficulty involved. Sausage making and legislating, right?
I think they knew to some extent that it was going to be ugly, and that the objection would be the loudest. So, you put it farthest from the midterm. Evidence: What's been happening with the tea parties lately? Not much.