More On The Bail Out

Matt Yglesias has a couple of good posts up today. First he outlines Hank Paulson's bungling of the problem. Essentially, he lays the time line of Paulson saying everything is fine until he decided to blow up the economy by crying wolf.

Second, Matt rightly asks where is corporate American on the bail out. And he's right. I haven't heard anything from corporations other than those in the banking industry (and Detroit auto makers sneaking in their own bail out under the RADAR). If things were that bad out there and they needed this I think we'd be hearing from them and Congress most certainly would be.