PAUL KRUGMAN: Bailouts for BunglersQuicklink submitted by Sheila Samples Permalink
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|Im not talking about the Obama administrations plan to support jobs and output with a large, temporary rise in federal spending, which is very much the right thing to do. Im talking, instead, about the administrations plans for a banking system rescueplans that are a classic exercise in lemon socialism: taxpayers bear the cost if things go wrong, but stockholders and executives get the benefits if things go right.|
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