[ExI] The bailout

[John K Clark]

I see that the House has rejected the 700 billion bailout of Wall
Street. But clearly something must be done and done damn 
quick to outmaneuver disaster, and this is no time to be 
paralyzed by dogma even if that dogma happens to be true. 
I was wondering about an alternative idea that I've had, 
a massive 700 billion tax cut with 90% aimed at the middle class. 
Realistically you've got to let corporations have at least 10% if 
you actually expect the idea to get passed by the congress. I'd 
be interested to know if any of you economic wonks think that
idea would pass the mustard. It may not, it may be too slow,
I'm just asking.

 John K Clark