David Leonhardt has a good column putting the budgetary impact of the bailout in context. The deal is that the bailout is real money, but does not qualitatively change the picture in terms of the long-term deficit.

The story there is the same as before: health care, health care, health care. Leonhardt lays out the case well.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.