Ideas Differ, we Just Aren't Sure How
http://mobile.nytimes.com/article?a=151537&f=19
I got caught up in the sexy headline, thinking 'wait, is someone going to finally inform people about the different policy rather than just whether it gives someone a 1 point bump in polls or whether voters care about things'. I was wrong.
The obvious thing to do would to explain each plan, then explain how they differ and are similar. Maybe even a little commentary from a few folks with some non partisan experience in the issues.
Instead we get a bunch of misdirection and partisanship. First, the article only includes quotes commenting on the plans from conservative partisans (McCain, Paulson, and Cato), which is an absolute travesty. When people talk about media bias this kind of crap is what needs to be front and center.
Second, the piece is completely muddled because the author seems trapped in a giant vortex of ideology and reality. The Democrats have the big government plan for wanting to provide $30b in support to home owners but actually McCain supports giving investment banks $400b in near free loans. Dems want to increase regulation but maybe that's what's needed but the President is proposing new rules next week (but actually he wants to stream line - ie cut back - regulation). Plus the Dems have a plan to keep people in their homes while making the owner and lender split the loss over the long term but McCain and Bush don't like that and call it dirty names.
A simpler story would have been just to note that the economy has to soak up a few hundred billion in losses. McCain thinks it should fall on 2 million home owners first, tax payers second, and billionaire bankers whose lobbyists run his campaign last. Clinton and obama think it should fall on billionaire bankers first, people with bad mortgages second, and the tax payer last.