{"id":862,"date":"2008-09-28T06:19:55","date_gmt":"2008-09-28T10:19:55","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/sj\/?p=862"},"modified":"2008-09-28T06:22:44","modified_gmt":"2008-09-28T10:22:44","slug":"one-frightening-step-the-bailout-compromise","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/sj\/2008\/09\/28\/one-frightening-step-the-bailout-compromise\/","title":{"rendered":"One novice step : a bailout compromise without vision"},"content":{"rendered":"<p>The Times and others have an early look at the <a href=\"http:\/\/www.nytimes.com\/2008\/09\/28\/business\/28bailout.html?_r=1&amp;hp&amp;oref=slogin\">bailout compromise<\/a> hashed out late Saturday.\u00a0 The situation is still being treated like a leaky dike rather than a long-term infrastructure-building program, as is visible from the management structure and architecture (an oversight committee and a focused financial group; amelioration of current ills, without specific 1, 5, or 20 year plans, and with no timeline for designing same).<\/p>\n<p>If one is not careful, one can spend far more than the cost of a better design on patching a faulty one.\u00a0 Indeed, there is no patching of a truly misconceived design, which it is entirely possible we now have.<\/p>\n<p>Of course there have been hundreds of similar visionless compromises just over the course of my lifetime, in different regions of the world.\u00a0 I am at once fascinated and horrified that I don&#8217;t know who should be responsible for learning from those mistakes, or who thinks they have done so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Times and others have an early look at the bailout compromise hashed out late Saturday.\u00a0 The situation is still being treated like a leaky dike rather than a long-term infrastructure-building program, as is visible from the management structure and architecture (an oversight committee and a focused financial group; amelioration of current ills, without specific [&hellip;]<\/p>\n","protected":false},"author":1202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-862","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7iVvB-dU","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/users\/1202"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/comments?post=862"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/posts\/862\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/media?parent=862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/categories?post=862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/sj\/wp-json\/wp\/v2\/tags?post=862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}