Time for all the people (like Michelle Malkin) who were griping about TARP and bank bailouts being a commie takeover to STFU about economic issues forever.

You know who deserves a lot of credit? Lame duck President Bush, who could have decided to let the banks fail (per conservative dogma) but instead took the very un-conservative approach of massive govt intervention. He may have saved the world economy. Something else he won’t get credit for.

Obama deserves credit for continuing the bailouts and for agreeing to some tax cuts. Too bad the stimulus and Obama’s agenda (if realized) are going to depress long-term job creation for years.