doubleplusundead

October 03, 2008

The problem with bailouts...

...is that everyone thinks they should get one, which is why I've been so hesitant to come out in favor of this financial market bailout. The Soviet of California is now demanding $7 Billion in bailouts or that they're gonna collapse. Let 'em collapse, they wanted Marxism, they got Marxism, and they should get the bankruptcy that inevitably follows Marxism. They won't though, the GOP in Congress will cave again and we'll keep bailing them out time and time again until the entire nation is sucked under by debt. The Soviet of California won't learn that doing everything under the sun to choke off growth and business is destructive and leads to ruin and woe.

Posted by: doubleplusundead at 01:18 PM | Comments (4) | Add Comment
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1 I've been sort of joking at work that we need to start an insurance company quick so that we can go out of business and get money. After all, that seems to be the best business plan at the moment.

You know, in theory, I'd love someone to bail me out of my crushing student loans. But in reality, I'm sucking it up and taking the hit and dealing with the consequences of my own bad financial decisions because in the end it's no one's responsibility but mine.

Posted by: alexthechick at October 03, 2008 01:25 PM (SHHaV)

Well, it was obvious that some version of this POS was gonna pass. I'm going to have to look it over to see just how bad it is.

Posted by: Hermit Dave at October 03, 2008 04:13 PM (WhFvm)

3 As Margaret Thatcher said, "The problem with socialism is that sooner or later you run out of other people's money."

Posted by: Veeshir at October 04, 2008 05:41 PM (zXUuJ)

4 Nice quote, I'm saving that one!

Posted by: doubleplusundead at October 04, 2008 06:15 PM (5TQen)

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