I wonder if the failure of the bailout is such a massive failure after all. One reader below strongly disagrees and I don't know enough about what's out there to know for sure. But no one knows what's truly out there. As readers know, I'm a free market guy, and believe in minimal government intervention in most areas. I probably would have held my nose and voted aye if I were in Congress (ha!) but my suspicions of being rushed into a gigantic socialist scheme at the behest of the people that gave us the Iraq war would have remained. I'm interested to see what happens this week without socializing the financial sector as George W. Bush's big government "trust me" philosophy advocated. And I definitely want the white collar fools and gamblers to get their comeuppance. I'd love to see many of those people who gambled with other people's money go under. They deserve it.
It's funny, isn't it, that when it comes to poor black women, the ethos is always welfare to work. But when it comes to millionaire white men, it's always work to welfare. Maybe a little welfare reform on Wall Street is overdue.