Episode 324

New evidence on Iran’s nuclear program, the Chinese economy shrinks inexplicably, health care and tax cuts on the campaign trail, and finally, the Treasury Secretary proposes a bailout for subprime mortgages. Will it help? Should it help?

Links Mentioned: Pakistani elections … The story behind the Iran NIE … Krugman on health care Jon Cohn on health care … Fun with tranches… Atrios on the specifics of the bailout.