Economic Outlook: McBailouts

In Alaska, if you swing a quart-sized jar, you get a gallon of mosquitoes. In Washington, if you swing a quart-sized jar, you get two gallons of solutions to the housing market crisis, even if some of those solutions are, "let's do nothing at all." President Barack Obama on Monday proposed what economic adviser R. Glenn Hubbard -- business school dean at Columbia University -- said could be "a very big deal." As reported in The Wall Street Journal, the full quote provided is that Hubbard, an advise...continued FMCC FNMA

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