This morning Congress has received a letter signed by (at my last count) about 240 economists and growing. It briefly lays out 3 “major pitfalls” of the proposed treasury bailout plan (don’t let them get away with calling it a “rescue plan”) and urges care and caution in coming up with a plan that actually makes sense.
I wonder if any of these economists will show up on the 24-hour news cycles now to expand upon their disagreements. Somehow I doubt it. DemocracyNow! will probably pick that one up.