Wednesday, October 15, 2008

Holtz-Eakin vs. Goolsbee, Bush, and McCain (!)

I haven't had time yet to listen to this radio interview with McCain economic adviser Doug Holtz-Eakin and Obama economic guru Austan Goolsbee. Here is a transcript of a piece of the program in which Doug Holtz-Eakin attacks the Treasury's move to take ownership stakes in banks, saying "It's not the way things should be done in the United States."

This position puts him at odds with the Bush administration, most economists who have followed the issue closely, and even his own boss, John McCain, who said yesterday "I think it's pretty clear that we had to take that action."

(For a survey of economists' views on the move , see this article in the WSJ a few days ago.)

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