Reply #19: This is what happens when economic theory [View All]

[Still Sensible]

clashes with political reality. Krugman is probably right that it needs to be more and it needs to be bigger. The President is also right in that what is getting done is pushing the limits of what can be done given the political situation in the Senate.

We still have to get the Senate version passed and then let the conference committee hammer out the differences before we even really know the final make up of this package.

We also have the second half of the TARP funds to be allocated and reportedly relief for the mortgage crisis and threatened homeowners will be a key part of that.

I'm not telling anybody to sit down and shut up, I'm only suggesting that whenever we assess the situation or discuss the actions being taken we do so through rational eyes and momentarily put down the "I love Obama" or "I love Krugman" glasses.