The newspaper that had no room for those warning of the housing bubble criticizes the bailouts. Wow!!!! Yes, bailouts are expensive and they could have been easily avoided if the people designing economic policy over the last fifteen years had a clue. The Post, which has been a regular outlet for James "36,000 Dow" Glassman, and David "Why the Real Estate Boom Will Not Bust" Lereah, has been of no help in advancing sound policy over this period. (oh yeah, Rick Kane reminds of this "the economy is great" piece by Donald Luskin in last Sunday's Outlook section.)
--Dean Baker