Friday, December 19, 2008

Industry bailouts

I really ticks me off when I hear talking heads on TV go on about bailing out this industry or that and adding (like it really matters) that "we have to ensure that the tax payers get a return on their money". Like someone in DC will actually cut me an extra check when the loans are repaid. Right. What will really happen is that Washington will have even more extra money to spend on even more useless government programs that once created will need constant care and feeding from the public trough.

Sorry but let them float or sink on their own. This goes for the financial sector, the automobile sector, airlines and all the rest. No company is too big to allow to fail if they can not survive on their own.

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