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Wanted: A Climate BailoutWhat a difference an emergency makes. Scare people enough and $700 billion can materialize almost overnight. The White House can repudiate its core economic philosophy--government should leave markets alone--within hours. Congress, where spending bills sometimes wait years to reach the floor, can pass one of the costliest laws in its history within days. Even the endlessly fickle media can provide 24/7 news coverage, making the emergency the topic on everyone's mind. | |
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