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Is Obama wrong for pushing the Gaulson plan? Yes. Very.
I call it Gaulson because at it's most fundamental level, it is the same plan that Paulson first pushed (and then basically retreated from), gussied up with additional layers of complexity by Tim Geithner. It's sort of like putting lipstick on a pig. Nice ruby lips, but still a pig.
There's been an enormous amount of following the news concerning what is going on at Salon's Table Talk, especially in the Wall Street Shuffle thread in the White House folder. (See http://tabletalk.salon.com/webx?13@@.773d6e2c or click my sig for the link.) Reviewing the information from the past several weeks worth of posts there is a good place to start in order to get both the pro and the con of what Obama/Geithner are up to with this pig and their cosmetics.
