In the Category of “Pithiest Treatment of Paulson’s Bailout Proposal,” the Winner Is…

The Wall Street Journal! Per the paper’s analysis of the Bush administration’s proposed $700 billion mortgage buyout plan, currently under review in Congress: “The debate could expose a peculiar irony in the government’s rescue planning, because taxpayers are now both creditors and debtors in the housing mess.”

Both creditors and debtors. Peculiar irony, indeed.

Megan Garber is an assistant editor at the Nieman Journalism Lab at Harvard University. She was formerly a CJR staff writer.