A couple of pieces

[solarbird]

elfs has a post worth reading here, noting most importantly a report that White House Deputy Press Secerary Antonio Fratto says this "emergency" plan has been put together over months, and concludes that this is exactly the raw looting you think it is.

Also, check out the popular impression of the economy numbers here, particularly the 0% responses in the economic sector. I've never seen that before. You can usually get 1-3% of people to say anything, and they had no people saying the economy was getting better and no people saying their household financial situation was getting better. Nobody. When these numbers show up in the official consumer confidence stats, it's gonna get even uglier.

Comments

[wiredhound.livejournal.com]

FWIW, I'm seeing a number of MSM articles doubting the bailout plan. For example:

MarketWatch (http://www.marketwatch.com/news/story/echoes-iraq-bushs-handling-mortgage/story.aspx?guid={EB54967E-258D-4650-BE95-2203FCA64AAA}&dist=TNMostRead)

plus editorials in NY Times, Boston Globe, Washington Post, etc. We can hope that the legislative branch won't cave quite as eagerly as they did with FISA.