It looks like Congress is going to quickly pass legislation that will provide 700 billion dollars to bail out Wall Street.

Bush spoke three times last week about the mess on Wall Street. He looks weak and unsure of himself, while Paulson and Bernanke have been decisive and knowledgeable. Paulson and Bernanke are now the defacto presidents of the country.

There’s going to be a backlash as average Americans perceive that the government is spending a ton to take care of the rich folks in America.

Congress is going to rush legislation through. In my public policy class this week, I’m going to spend some time talking about when the usual incremental policy-making process in the country actually speeds up.