01 October 2008
After this hornswoggle called a "bailout", I'm more firmly convinced that Bob Barr is the only candidate who gets it. All this bailout does is reward failure. A small business owner who runs his business in the ground has no choice but to accept the consequences of his failure. Why should Fannie Mae, Freddie Mac, or AIG be different? Ultimately it comes down to government increasing its reach into the market where free enterprise and competition are steadily being replaced by socialism and economic planners. I understand the use of computers in the financial world, but is anyone else alarmed by the reliance upon computer models rather than free market principles? It sounds a lot like the Soviet Union to me. Let the companies that fail, fail on their own. Let the companies that succeed (ethically) reap the benefits of their success without punishment.