Stimulus savvy or bailout blunder?

My column this week directed readers to take a 10 question economic recovery quiz put together by Democratic U.S. Sen. Claire McCaskill. I put forth the same challenge to you.

MSU prof: Latest government bailout is overreaction

As with any issue that gets a lot of press coverage, the economic stimulus plan proposed by President-elect Barack Obama – which could carry a price tag of up to $1 trillion – has drawn opinions on both sides.

Decidedly on the “no” side is Missouri State University economics professor Tom Wyrick, who thinks the plan is an overreaction to a cyclical downturn.

Bailout Bill Passes UPDATED

It’s official – the federal government is spending as much as $700 billion in an attempt to bail out Wall Street.

“We have acted boldly to help prevent the crisis on Wall Street from becoming a crisis in communities across our country,” said President Bush shortly after signing the Emergency Economic Stabilization Act of 2008 into law.