{"id":448,"date":"2008-09-21T07:43:33","date_gmt":"2008-09-21T12:43:33","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=448"},"modified":"2008-09-22T13:22:24","modified_gmt":"2008-09-22T18:22:24","slug":"will-the-bailout-work","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2008\/09\/21\/will-the-bailout-work\/","title":{"rendered":"Will The Bailout Work?"},"content":{"rendered":"<p>Follow <a title=\"Paul Krugman On The Bailout\" href=\"http:\/\/krugman.blogs.nytimes.com\/2008\/09\/20\/no-deal\/\" target=\"_blank\"><strong>this link<\/strong><\/a> to Paul Kugman&#8217;s comment in the New York Times about the proposed financial bailout.<\/p>\n<p>On his front page that leads to this article, he says,<\/p>\n<blockquote><p>Even if you have full faith in Henry Paulson, <a href=\"http:\/\/www.intrade.com\/\">Intrade<\/a> currently gives John McCain a 48 percent chance of being president. Are you willing to give essentially unlimited discretion over the use of $700 billion \u2014 with explicit protection against any review by Congress or the courts \u2014 to Phil Gramm?<\/p><\/blockquote>\n<p>Is this just another boondoggle so that the Bush administration can give another $700 billion to its friends?\u00a0 I hope not, because, so far, this bailout has done a wonderful job for my portfolio.\u00a0 Never before have I lost so much money, on paper, in two days and gained it back in the two days after that.<\/p>\n<p>I guess Paul Krugman was only getting warmed up on Sunday.<\/p>\n<p>Follow <a title=\"Cash For Trash Article\" href=\"http:\/\/www.nytimes.com\/2008\/09\/22\/opinion\/22krugman.html?_r=1&amp;ref=opinion&amp;pagewanted=print&amp;oref=slogin\" target=\"_blank\">this link<\/a> to his <em>Cash For Trash<\/em> column on Monday, September 22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Follow this link to Paul Kugman&#8217;s comment in the New York Times about the proposed financial bailout. On his front page that leads to this article, he says, Even if you have full faith in Henry Paulson, Intrade currently gives John McCain a 48 percent chance of being president. Are you willing to give essentially [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[51],"class_list":{"0":"post-448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-periodic-posts","7":"tag-economy","8":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=448"}],"version-history":[{"count":4,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/448\/revisions"}],"predecessor-version":[{"id":479,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/448\/revisions\/479"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}