antagon
The Man
- Dec 6, 2009
- 3,572
- 295
- 48
so there's a bi-partisan reflex to bail out highly influential firms. i agree with that. the government's role in the economy is not to stand by and let the consequences of free markets run their course - the private sector will affect that itself. the government should referee these consequenses such to conserve the benefits and soften the costs.
the bill proposes snipping up companies that enter this highly influential, 'too big to fail' bracket, so that left to their own devices, their failure wont thrust 250k people into the midwest job-market at once, in the case of GM, or leaving $80+ billion in assests suddenly uninsured should AIG bust.
sounds like a resonable solution for corporate welfare and a nod to freedom in the market to me. the only folks let down by this are those who would prefer the catastrophic failures of the firms that comprise measurable parts of or GDP and national employment, and all at the same time. thats why we need government, sometimes... to protect the ignorant from themselves.
the bill proposes snipping up companies that enter this highly influential, 'too big to fail' bracket, so that left to their own devices, their failure wont thrust 250k people into the midwest job-market at once, in the case of GM, or leaving $80+ billion in assests suddenly uninsured should AIG bust.
sounds like a resonable solution for corporate welfare and a nod to freedom in the market to me. the only folks let down by this are those who would prefer the catastrophic failures of the firms that comprise measurable parts of or GDP and national employment, and all at the same time. thats why we need government, sometimes... to protect the ignorant from themselves.