Nationalization of Banks

The economy is the greatest issue in America today. Both presidential nominees have spent a great deal of time on the issue. President Bush has pressured congress in passing the $700 billion rescue plan and the $250 billion to invest in banks. Different media sources have different viewpoints on the productivity of these efforts. The New York Times has a liberal bias and means that they are mostly in favor of governmental intervention in the economy. They recognize that it is a bold move, but they also say it will work like it did in the past. Fox news is a more conservative source. They do not like intervention, but recognize that it is currently needed. Fox unwillingly understands that there will be more government oversight of the economy in the future. Eunomia is a radically conservative source. They do not like any governmental intervention in the economy. They are afraid that we will turn into a European style. Criticize McCain for not taking a more conservative stance. CNN seems to be the most moderate. They have stories both criticizing and approving the government's action on nationalization of banks. Paul Krugman is the latest Nobel Peace Prize winner for Economics. He writes for the New York Times. He criticizes Henry Paulson. Krugman believes we are in a deep hole, but there are signs of improvement. Brad De Long is in favor of the nationalization of banks. Nationalization of banks is the only way to revive the economy.