America Needs A New New Deal By KATRINA VANDEN HEUVEL and ERIC SCHLOSSER The Bush administration has proposed the most expensive government spending plan in American history, allocating as much as $700 billion to a Wall Street bailout. The proposal was attacked by members of both parties, who immediately began negotiations to find an alternative. The Bush plan was not only a political blunder; it was also a complete repudiation of the administration's own economic policies. It could not be justified by any of the core beliefs governing free enterprise and the free market. As with the decision to invade...