Harry Reid

Brad Delong, who obviously never sleeps and, therefore, makes it hard for the rest of us who do to keep up, has an interesting post from Dean Baker (follow the bouncing ball here) about how those who expouse free market capitalism whenever and however they can are getting on board the notion of a federal bailout for Wall Street and homeowners.

As I've said before, as soon as the Bear Sterns deal became acceptable, it was only a matter of time -- in this case, really only a matter of days -- before a homeowner bailout was discussed seriously. Yesterday, two days after the end of the Easter recess, Congress confirmed that when Senate Democratic Leader Harry Reid and Republican Leader Mitch McConnell agreed that a plan had to move forward. The resulting bi-partisan vote to consider specific plans was overwhelming.