Loans and Leadership
by Paul Krugman
When George W. Bush first ran for the White House, political reporters assured us that he came across as a reasonable, moderate guy.
Yet those of us who looked at his policy proposals — big tax cuts for the rich and Social Security privatization — had a very different impression. And we were right.
Which brings me to the latest big debate: how should we respond to the mortgage crisis? In the last few days John McCain, Hillary Clinton and Barack Obama have all weighed in. And their proposals arguably say a lot about the kind of president each would be.
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