I agree with Stan -- this post by Brad DeLong about his appearance opposite Grover Norquist on a BBC "news" program is a classic. If Norquist is the BBC's idea of a right-of-center expert on the challenges facing Fannie Mae and Freddie Mac and the implications of those challenges for federal policy, then the BBC does not qualify as a news organization. And as a result I care as much for its continued existence as I do any other reality TV program, which is not much at all.
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payroll tax holiday
regarding bailing out people or organizations hurt by higher rates of loan delinquencies: the fed govt could consider a 1-year payroll tax holiday on all new employees during the next year. you might see a lot of new hiring, and people in marginal situations looking for jobs to pay off loans may be able to find a job. this might be cheaper than reimbursing orgz that did not have enough capital.
Norquist
Asking McCain to "control" Norquist is like asking Obama to control Acorn.
Sensible thing is to stay away from television, save perhaps Brian Lamb's "Q&A".
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