The Next Bailout

» BoGlobe: Mass. may seek a US loan as credit markets dry up (Beth Healy)
» NYT: California May Ask U.S. for Loan (Randal Archibold)

If you thought the bailout of the US Economy and the socialization of Fannie Mae went over well, wait until the bailout of Massachusetts comes up for a vote.

It'll be interesting to see how much credit is alleviated in the short term form the most recent vote. That seems like the most immediate hurdle for states looking at a short term financing crunch. If it doesn't, look for this situation to get even worse for the incumbent party's nominee for President.

Anyone still think the George Bush administration has been a good thing for America?