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Bailout brawl
American Prospect founder Robert Kuttner and economist J.D. Foster debate election-year economics and Washington's response to the current financial crisis.
DUST-UP
Robert Kuttner says Bush was out of his depth on the credit crisis. J.D. Foster responds that Bush properly sought to raise public awareness while not meddling in the details of the rescue.
Opinion
J.D. Foster says the $700-billion rescue plan should help, along with eased accounting rules and higher deposit insurance limits. Robert Kuttner calls the Treasury plan a temporary fix and urges the government to invest more in Main Street.
Dust-Up
Robert Kuttner says the election has exposed the right's failed economic policies. J.D. Foster says that in the worst possible political environment, government has done its job.
Dust-Up
J.D. Foster says Barack Obama wants too much government control, whereas John McCain focuses on economic growth. Robert Kuttner says the financial crisis ought to be the nail in the coffin for deregulation.
DUST-UP
Robert Kuttner says the failed bailout bill would have helped the wrong people. J.D. Foster says the U.S. faces a fiscal crisis far greater than Wall Street's current malaise.