BAILOUT: Yes or No?

[Lemur]

As it stands I'm against it. If Congress wants to take its time, do it right, and really work on the problem, then I could be persuaded. But we have a history of panicked, rushed legislation under the Bush Admin., and I'm done with it. If prominent Washington jerks are screaming that the sky is falling, I say let it fall unless you can show me you're going to prop it up responsibly.

This seems like a perfect moment to not panic and not rush into things.

I'd like to know some opinions from economic scholars who are not directly involved.

The Economist has a big, long story on the bailout which you can read here.