The pundits on the Hill and at 1600 Pennsylvania Avenue would not be able to cry foul over the bonuses of Wall Street executives had their companies been allowed to fail. Instead, they were propped up with taxpayer's money, against the express desires of many citizens. Propping up a failed business, then expecting different behavior? I've heard a similar definition for insanity.
There were alternatives, but in the rush to *do something* billions and billions of dollars have gone into this black hole, with no accountability, and certianly no idea as to whether the expenditure has provided *any* positive results.
About the title: http://dontcomeinhere.blogspot.com/2008/09/dont-come-in-here.html
Sunday, February 1, 2009
Subscribe to:
Post Comments (Atom)
Is power needed to "implement principles"?
A "progressive" WSJ commenter stated What is the point of principles if you have no power to implement them? My response: Pri...
-
WSJ article : President-elect Obama has pledged a $1 trillion stimulus package. To put it in perspective, that sum would exceed, in inflatio...
-
On CNN this morning, some asshat was talking about how it will be good to partially nationalize banks by forcing them to sell preferred con...
-
Our good friend sent us this link (Read the Stimulus). At least two promises are being broken. Congress passed a resolution last week that...
No comments:
Post a Comment