Sunday, September 21, 2008
Thus far, the Administration has only offered a concept with a staggering price tag, not a plan.He goes on to enumerate a whole bunch of sensible principles.
Even if the Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects some basic principles.
But will he have the courage to stick his neck out on this? Even as Sen. Chris Dodd (D-CT) and Sen. Chuck Schumer (D-NY) seem to be bowing down before Hank Paulson as some sort of savior?
We can only hope.