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The answer is a resounding NO!
1) Paulson’s claims regarding “the housing correction” are unconvincing.
2) I can find no data supporting Paulson’s claim of an “unprecedented” credit crunch.
9/29/08 Update: Was “The TED Spread” what panicked Secretary Paulson?
3) Click here for all my posts on why this is a terrible idea.
Click here to learn what caused this mess & read this commentary.
The Democratic Congress is already on a spending binge that we cannot afford.
And, it is a mathematical certainty that we CANNOT tax our way out of this!
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