There’s no quid pro quo here

Bush has not one achievement.

Paul Krugman looks over his trillion dollar bailout plan and says, “No deal”.

I hate to say this, but looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other than through having taxpayers pay premium prices for lousy assets.

No quid pro quo. Sums up an era, don’t you think? Privatized profits. Socialized losses. “But we ain’t no Communists!” say our rouge cou.