Paulson Plan

As one who’s been warning of such a meltdown for months, if not years, I’m not eager to sign on to any hasty initiative from the Bush administration. (Did you hear that Treasury started working on this plan SIX MONTHS AGO?)

But aside from quashing golden handshakes and parachutes for the authors of this debacle, seeing that taxpayers get a piece of the action when the economy gets back on the uptick, and putting some checks on Paulson, I do see the need for prompt action. Bush is enough like Hoover already.

And consider the alternative, Senator Jim Bunning, R.-Paleolithic, says this is socialism and un-American, calling instead for a market-based solution, such as suspending the capital gains tax.

Save me.