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Hillary Clinton and Barack Obama have similar economic proposals, and both made smart statements about the Fed's Bear Stearns bailout (you can read Senator Clinton's here and Senator Obama's here), raising the question of when similar help for Main Street America might be forthcoming.
Who is going to pay for the bailout you endorsed?
In exchange for the bailout, you might as well get some serious diplomatic leverage.
"When you hear about a bailout, you think about the government and other countries helping," said that colleague, Yanka Clementi, 28, a manager of operations.
In the piece Mr. Romney wrote that in the event of a bailout, "You can kiss the American automotive industry goodbye".
"After G.M.'s experience with GMAC, which left G.M. seeking a taxpayer bailout, you have to think the company and, in turn, the taxpayers would be better off if G.M. focused on making cars that people want to buy and stayed clear of repeating its effort to make high-risk car loans," Senator Charles E. Grassley, the Iowa Republican, said in a statement.
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And if you're opposed to government bailouts, you have to support these reforms".
"The bailouts you see can be viewed as ever bigger doses of morphine for a patient that's not long for this world".
But when you add the destruction of wealth that has taken place in the last two months in the markets, and the need for more bailouts, you understand why this is not going to be a painless recovery.
If you want to stop bailouts, you have to attack the political power of major Wall Street firms.
Since everyone from the Tea Party to Occupy Wall Street was infuriated by the big bank bailouts, you'd think Congress would be proud of a measure that makes bailouts less likely.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com