Dude, the adults left the building YEARS ago

Paul Krugman:

The whole premise of the bailout push has been “We’re the grownups, we know what we’re doing, just trust us.” Sorry, but that’s how Colin Powell sold the Iraq war. Fool me once, shame on you, fool me twice … you shouldn’t get fooled.

And that, by the way, is why Paulson’s whopper about oversight matters. On one hand, the secretary poses as the adult providing supervision, with no need to explain his decisions; on the other, caught with his hand in the cookie jar, he offers childish excuses.

No more taking this administration on faith — and Paulson’s performance over the last few days has made it clear that yes, he is a Bush administration official, with the trademark inability to take responsibility for his own actions.

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