Paul Krugman doesn't think much of the Bush administration plan for rescuing the economy. According to him, the plan doesn't do anything to reform the system. And...
If we don’t reform the system this time, the next crisis could well be even bigger. And I, for one, really don’t want to live through a replay of the 1930s.
He's not the only one who worries about the famous destructive incompentency of the Bush administration. Here's Tom Engelhardt's take:
Ten months is a long, long time when only their hands are near the pilot's wheel of the ship of state and water's already seeping through the hull. It's an eon for an administration capable of sinking New Orleans in a matter of days, and Iraq in little more than months. Or, thought of another way, it's plenty of time if your expertise happens to lie in deconstruction. After all, barring a miracle, you're talking about the little administration that couldn't, no matter how hard Ben Bernanke may try.
Aye, there's a lot of destruction that can happen in ten long months.
Your turn now.