Economy woes bigger than bailout package

OUR OPINION: Administration, Congress should draw line on rescue recipients

It is now clear that the administration is groping in semi-darkness for answers to the nation's cascading economic woes. The $700 billion bailout plan that once was supposed to buy up troubled assets held by Wall Street has instead become a rescue plan for banks and credit markets. With so much government money being doled out, it should come as no surprise that many troubled businesses, including the Big Three U.S. automakers, are lining up to get their ... Full Story »

Posted by Dale Penn
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Editorial Help
Posted by: Posted by Dale Penn - Nov 18, 2008 - 8:03 AM PST
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Nov 18, 2008 - 12:29 PM PST

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Kaizar Campwala
2.8
by Kaizar Campwala - Nov. 18, 2008

Nothing new or particular interesting in this editorial.

See Full Review » (11 answers)
Kristin Gorski
3.6
by Kristin Gorski - Nov. 18, 2008

The direct tone of this editorial works effectively. It also puts the Big Three's plea for money into appropriate context; it is well documented in many other sources that Detroit has ignored warnings to change for years.

Most compelling line in this piece for me: "What is obvious is that the administration is making up the answers as events unfold." Seeing Paulson and Bernanke recently ask for additional bailout funds, the above sentence frighteningly rings true.

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Dale Penn
4.2
by Dale Penn - Nov. 18, 2008
See Full Review » (7 answers)

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