Second-Guessing the Bailout (Editorial)

by Arkansas Business Editors  on Monday, Apr. 19, 2010 12:00 am  

More prosaically, a national jobless rate of 9.7 percent is not acceptable. Worse than unacceptable, it's tragic for those without jobs. Vaporized 401(k)s and battered pension funds have caused real pain, although it should also be noted that the Dow Jones Industrial Average has blown past 11,000 again and corporate earnings reports have been encouraging.

Still, we're left with the question: What if Congress had done nothing? This subject will be debated for decades, just as, 80 years on, the causes and cures of the Great Depression continue to provoke controversy.

As for ourselves, we'll take the good news, incremental as it is, where we can find it. And, borrowing from a colleague quick with the quip, we'll go this far: Do you still use money? Thank the bailout.

 

 

 

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