Bailout is more like government gang rape

Thomas G. Brown |

The wonderful world of bailouts. Lets forget for a minute the billions of dollars already given away to the auto makers, and banking firms. Lets also forget that the money is being created through the hidden tax of inflation. This bailing out of companies in trouble so that folks wont’ get laid off and will be able to keep their jobs is something that sounds good but is typical thinking of the dumb asses in Washington. The idea that stealing from businesses that are doing well and giving the money to companies that can’t find their asses with both hands and a flashlight is just wrong. It’s wrong from an economic standpoint and it’s wrong from an ethical stand point. On today’s bloomberg site Caroline Baum puts the idea of a bailout in such great terms that I thought I would put a few paragraphs below.

Junior Asks Daddy, Where Do Bailouts Come From: Caroline Baum

Caroline Baum December 22, 2008

“Mrs. Adams talks about fairness a lot in school,” Junior said. “She says it’s not fair for some people to be very rich and others to be very poor, that the government should do something about it.”

“That’s right, son,” Dad said. “The rich should pay more in taxes to reduce the gap between rich and poor, something they call income inequality.”

“You mean, someone should punish them for being rich? That would be like Coach putting me on the bench after hitting that grand-slam home run in the bottom of the fifth in the Little League championships. Why would Coach Perkins want to do that?”

Distinction without Difference

“Er, it’s not the same, Junior.”

“Yeah it is. Didn’t you always teach me to stick up for myself? If Coach Perkins isn’t going to play me, I’m not going to stick around. I’ll go play for the Hornets, where I’ll be rewarded for my effort and talent.”
Maybe junior could go an speak to Paulson and helicopter Ben. Oh what am I saying he’d be talking over their heads. We must change the mindset that government will fix the problems and everything will be ok cause everything works out in the end.


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