I have very mixed emotions on the bailout, but I am impressed by what Jonah Goldberg has to say in The Corner on National Review–

“Count me Out of the Bailout   [Jonah Goldberg]

Sorry for the radio silence. Among other schedule-busters, I was drafted at the last minute to accompany my daughter on a field trip to an apple orchard. Anyway, not that anyone has been waiting with bated breath to know what I think about the bailout, but I’ve decided I’m against it. I’ve talked to a bunch of folks I respect, listened to Mike Pence on C-Span this morning, read various pieces and examined the exposed viscera of a financially literate goat and I’ve decided there must be a better way. Basically, I think the bad paper should stay with the people who bought it. If we need to further capitalize the banks, create short term rules or cobble together other backstops, fine. But Paulson’s plan basically says, “I am the Lord thy God,” and that’s crazy. Also, it seems to me that Newt and the editors of NR are right when they worry that the Paulson plan essentially opens the door to unending government control of capital markets and that, too,  is just crazy. Even if I completely trusted the wisdom of Paulson and his bureaucrats — which I don’t — there’s no way that I trust the Dodds, Franks or the next Treasury secretary. Every day the markets don’t go off the cliff suggests to me that we can do this in stages and that Paulson’s do-it-my-way-or-it’s-the-Dark-Ages-for-us-all argument doesn’t hold water.”