Friday, September 25, 2009

If they're so evil, stop saving them

by Ed

First of all, you're in violation of blog rules. Throwing the term conservative around as if it somehow bolsters your argument is a no no. Argue ideas, not straw men. You're not debating "conservatives" or "republicans" or "right wing zealots". I'm nobody's spokesmodel. The name's Ed. Address your concerns directly to me.

Washington didn't bail out the banks to save Wall Street or even Main Street. They did it to save their own phony baloney hides. If the "too big to fail" were allowed to fail, investigations might have been held into exactly why everyone was loaning money to people they knew damn well couldn't pay it back. Better to sweep it all under the rug with a few trillion tax payer dollars.

It's ridiculous to keep hammering on big business and industrial giants while at the same time taking my money and giving it to them "for my own good". STOP HELPING ME PLEASE!! If they're a bunch of evil no good crooks, here's a novel idea, LET THEM FAIL!

Of course free markets need rules and enforcement mechanisms just like a good football game needs referees. When the refs start arbitrarily awarding points to one team, tying bricks around the ankles of others or flat out trying to play it for them, it really takes all the enjoyment out of it.

Transparency and accountability would go much farther in ensuring fair markets than another round of regulation that the nobody involved has any intention of enforcing. Regulatory reform is just a white wash. We can all feel good because the problems have all been fixed. They passed a new bill. Wake up and smell the horse......

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