Coming Together to Bash Henry Paulson

Today, Paul Krugman and Bill Kristol both agreed in the NY Times that the current plan to bail-out Wall Street is a mistake. Krugman (who is generally considered a 'liberal' economist and who teaches at Princeton) has big problems with the plan's details--or lack thereof. Meanwhile, Kristol (who is a well-connected neo-con) condemns the idea based on free market principles. Kristol seems to be that rare bird: a man who actually has the luxury (because he is not serving in public office) of having genuine ideological convictions. If this is any indication, we should we very wary of the current plan. Not only does it expose the hypocrisy of the economic foundations of the current administration and much of the "free market" Congress, but it could make matters much much worse.