[Tempest]

That only proves that rushing for an answer is foolish.

[RDasher]

This seems to be the first time in history that an unprecedented attempt is being made to avoid a recession with an unprecedented amount of spending. Our last quarter grew at 2.8 percent annualized, so despite all of the problems in the financial markets, the rest of the economy is chugging along, thank you!

One of the funny things about money is it is created out of thin air, by the mere act of taking on debt. Maybe what is happening is not enough people are borrowing so not enough money is being created. Fine create the money another way. I'll be happy to take some of it.

[scarface367]

That only proves that rushing for an answer is foolish.

In the sense of just rushing into a "knee-jerk" response, correct. However, something needs to be done to deal with this financial crisis. Just waiting for the market to self-correct would not be a wise move, particularly because it may not correct, or at least could likely take a long period of time.

While the bailout plan is not perfect, and some of the earmarks in it undoubtedly need to go, it on its face is a fairly good idea. I do agree with some other economists that capital needs to be provided in addition to the liquidity that the bailout provides, but that can be addressed later.