Bailouts
I’ve been pretty amenable to bailouts of late. I supported TARP (and I guess I still do) and haven’t really been too annoyed about auto bailouts or today’s CitiGroup bailout. Mostly, I’ve just wanted to stick my fingers in my ears, because I have no idea how this is supposed to end. I mean, we can’t literally bail out everyone, right? Are we just bailing companies out until our economy starts getting better? Given today’s Citi bailout, there are no reasons left to trust Paulson’s competence. If this government can’t even execute handouts in a comprehensible fashion, what the hell is the point? Nor do they seem to be able to get anything of value for us taxpayers (well, besides keeping these companies from failing). At least with socialism taxpayers get some kind of return.
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