My understanding of the financial situation, and why the government needed to act so quickly on vague details includes the following:
- Crisis was imminent.
- The cost of not acting far outweighed the costs of acting...even if it takes us into debt we couldn't quite imagine several days ago.
- Even if they don't know all the facts going in, we should trust that the Federales will handle it correctly.
- Bush understands this situation.
I think I've heard something like this from many of the same folks and their allies before...but I bet this time, it's a slam dunk.
