In a column appearing in today's New York Times, Krugman writes that "the bipartisan "agreement on principles" released on Thursday looks a lot better than the original Paulson plan." He goes on to say that
"The Congressional plan, then, looks a lot better — a lot more adult — than the Paulson plan did. That said, it’s very short on detail, and the details are crucial. What prices will taxpayers pay to take over some of that toxic waste? How much equity will they get in return? Those numbers will make all the difference."
I was surprised (and in a way encouraged) to find Krugman this positive on the outlines of the agreement that was put out on Thursday afternoon, given his criticisms of what has been happening in the bailout discussions. However, he goes on to say that the deal may not have sufficiently broad political backing in Congress.