Not So Fast

If you're convinced TARP is a disaster because bank lending is still stalled, and think Congress needs to thus require banks to push the money out the door, think again. Martin Baily and Charlie Schultz, both former chairs of the Council of Economic Advisors to Democratic presidents, offer a needed corrective in the Post. This makes the satisfying urge to assail the failed efforts of Paulson more ambiguous, but them's the facts.