Lemonaid

What do you call the new administration's plan to fix our financial meltdown? "Just to be clear, I’m not talking about the Obama administration’s plan to support jobs and output with a large, temporary rise in federal spending, which is very much the right thing to do," writes Paul Krugman in today's New York Times. "I’m talking, instead, about the administration’s plans for a banking system rescue — plans that are shaping up as a classic exercise in 'lemon socialism': taxpayers bear the cost if things go wrong, but stockholders and executives get the benefits if things go right."