Friday, November 21, 2008

Bailout for us

The Senate extends unemployment benefits. That'll help Ted Stevens pay for his appeal. You can't eat applause, you know.

Seriously, unemployment pay is exactly the sort of bailout that will definitely help the economy. It's a countercyclical Keynesian economic stimulus that will put dollars in the pockets of people who will spend them, instead of hoarding them for fire sale acquisitions, as Paulson and the Bushists have allowed banks to do.

No comments: