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Dr. Ron Paul has written an editorial for CNN on the potential bailouts. In all actuality, it explains the mess we are in pretty darned well.

Many Americans today are asking themselves how the economy got to be in such a bad spot.

For years they thought the economy was booming, growth was up, job numbers and productivity were increasing. Yet now we find ourselves in what is shaping up to be one of the most severe economic downturns since the Great Depression.

Unfortunately, the government’s preferred solution to the crisis is the very thing that got us into this mess in the first place: government intervention.

Yes, I’m getting my libertarian on. Shut up.

If we give Henry Paulsen a blank check without checks and balances, our government is stupider than I thought it was.

UPDATE: More commentary from Robert Allison.