Kasz216 on 14 December 2008
elprincipe said:
Exactly. If companies are going to be free to succeed, they must also be free to fail. Plenty of once-successful companies have failed and the world had not ended. If AIG or GM goes bankrupt, our economy will not collapse. But the government would rather save today's jobs at the expense of tomorrows, plus huge additional costs and stagnation, not to mention uncertainty, caused by political interference in even more parts of the economy than they already had interfered in. Like the New Deal, this is destined for an expensive failure. Congress should never have approved the original bailout. |
Can we place bets on when the thread will go off topic?
