I was listening last night (Wednesday, November 19) to a segment with Paul Krugman being interviewed. Paul Krugman recently is the Nobel Laureate in Economics this year. He teaches Economics at Princeton University.

He is in favor of a bailout even though the proposal is highly flawed. Since the auto industry is truly one of the US's biggest employers, it must be helped in our collapsing economy.

It would be different if unemployment was at 4% but if our economy is to be stabilized, the choices are limited. There can be no building from the bottom up without jobs.

If GM is to retool, it must have money infused to be able to belatedly create a more efficient car that consumers will want to buy.

Yes, there are real creeps running the business and flying in on corporate jets. Yes, I hope for regulations put on the money. But it cannot wait for a new administration.

These are the words of Paul Krugman, not my own. It makes sense.