SOURCE: Bloomberg

In this commentary by author John M. Berry we learn about the current status or the TARP proposal and the political challenges that exist at this critical point in time.

Treasury Secretary Henry M. Paulson Jr. is up to his ears trying to make the Troubled Asset Relief Program work. That's what he should be doing. He also ought to be pushing a really big economic stimulus plan.

Politically, it may be impossible, given a distaste for such a plan in the White House, the brief life left for the Bush administration and the intention on Capitol Hill to have only a short lame-duck session.

Read full story »