"allow big business to fail"
Sounds great, love the concept. However when I read about the bailouts, 2 issues keep poping up.
1) too big to fail
If the collapse of one company can cause a catastrophic economic issue, how can we not intercede?
By simply not interceding. Nothing creates & perpetuates failure like artificially propping up failure. Getting a bad company out of the economy will only strengthen the economy. Why can't liberals comprehend this very basic reality?
2) unfair foriegn advantage
Can our big companies compete globally if our competitors are backed by their governments, but ours aren't?
Why do U.S. companies need to "compete globally"? That's just a liberal code-word for "lets have the government control everything". Few people know how to make money like Warren Buffet and he made a very profound statement not too long ago. He said, "money flows towards opportunity". That's why the world used to invest in our markets and not the former U.S.S.R. Why do you think nobody invests in Cuba? Because there are no opportunities. Everything is calculated and controlled by Castro. It's all predetermined. IE no opportunity.
You want our "big companies to compete globally"? Get government completely out of the free market (where it doesn't belong). Lower taxes so that making a profit is rewarded instead of punished. And don't bail them out if they fail - EVER. It will force them to think thoroughly and act responsibly if they know there is no golden parachute to bail them out.