Should we assume that the NYT is really concerned about the banks? That would be a reasonable conclusion after it headlines a news article, "Trying to Avoid Economic Calamity, Lawmakers Grope for Resolution." Just to be clear, the headline writer has no clue what 535 members of Congress are trying to do in seeking to pass a bailout resolution. The writer does not know whether Congress believes that the bailout will "avoid an economic calamity," nor does the headline writer know that the package actually will prevent an economic calamity. So why make this sort of assertion?
--Dean Baker
