After much wrangling, and loads of headache, the House of Representatives will finally vote on the Bush/Paulson bailout bill today. The Senate votes on the $700 million bill on Wednesday. So today, we present to you, for your listening pleasure, an op-ed roundup on the bailout. We'll hear differing opinions, from the right and left, about what's wrong and right with this bill. Leave us your comments. And in the meantime, check out our four guests, and what they have to say:
Robert Kuttner, co-founder and co-editor of The American Prospect magazine, and author of the book, Obama's Challenge: America's Economic Crisis and the Power of a Transformative Presidency. Wrote an op-ed called, "Should Congress Pass the Paulson-Pelosi Package?"
Dean Baker, economist and co-director of the Center for Economic and Policy Research, who wrote an op-ed for the Huffington Post called, "Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger."
Nicole Gelinus from the Manhattan Institute, who wrote a piece for City Journal called, "Five Questions about the Bailout."
Lawrence Summers, professor at the Harvard Kennedy School of Government who served as Treasury Secretary from 1999 to 2001. He wrote an op-ed in the Washington Post called, "A Bailout Is Just a Start."