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  1. A Recession Can Clear the Air - Washington Post
    Virtually all of America's financial and political artillery has been dragooned into the great task of heading off a recession. This is exactly the wrong way to go. As painful as it will be in the short run, a recession is just what we need. Our ...
  2. Lawmakers blast shifts in financial bailout plan (WLBT 3 Jackson)
    WASHINGTON (AP) - The Treasury Department is defending the government's change in its approach to the $700 billion bailout package. The Treasury no longer plans to buy up troubled mortgage assets, but is instead looking into ways to shore up credit-card, auto-loan and other nonbank businesses.