So, it doesn't actually matter what we smart people think ... at the end of the day it all depends on the lawmaker who has to go home and explain to a cash-strapped, about-to-be-foreclosed voter why he just signed a massive potential tax increase to save the hides of the loan shark who sold him the loan, the finance company that bought it, and the financial engineer who designed it.
Still, I am flabbergasted.
Bailout Bill Fails in House Vote Amid Defections in Both Parties
Tuesday assorted links
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1. Did NAFTA make America less healthy? 2. Economics-related ideas for
fixing NBA tanking (NYT). 3. Shyam Sankar. 4. Are hard courts eating the
tour? 5. ...
6 hours ago
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