Auto Bailout

[drscott]

Oh, good. No need to write about this, because someone has expressed my exact thoughts on how stupid it is. As we head toward a big-corporatist state where the feds take over and attempt to manage more and more businesses... more zombie companies, more subsidies for everyone! We'll all be rich and secure.

Comments

[dr-scott.livejournal.com]

That's right -- their more extensive safety net should apply sufficient stimulus, and taxes are already high enough to be an obvious damper on activity so there's little wiggle room to increase them to cover even more spending.

I like the snark; we give politicians way too much respect, and they are able to use their positions to talk down to us without much feedback up.