Arnold opens his piece with condescension "People shouldn't panic. Don't pull your money out of the bank or anything..."
Then Arnold essentially acts like the only possible options are do nothing or pass the bailout plan and uses these vague references to boost his case:
- "this is not just a Wall Street bailout and many economists are lining up now to say that they're very worried and they say that if the government doesn't do something soon, like within days or a week..."
- "...some very smart people you know think we're at a tipping point moment, basically, that is what Fed Chairman Ben Bernanke has been talking about..."
- "I talk to lots of very sober, middle-of-the-road, you know feet-on-the-ground sort of economists all the time and a lot of them are more concerned here than I've ever heard them before. There are a lot of very respected economists who think something has to happen here very quickly."
Update: Arnold did have a better report by Friday morning (by which time passage of the plan was pretty well assured) - one in which he does name three ideological different critics of the plan - George Soros, Glenn Hubbard and Chris Mayr.