Wednesday, September 17, 2008

Too big to fail

AIG is too big to fail. Enron wasn't. The US Military is too big to fail. That is why there is a bill to declare the surge a success. (Real victories do not require congressional resolutions to be recognized as such.)

With all the bailouts going on, where are the free market faithful railing about socialism. They are quick to incorrectly label Obama as a European socialist, but they do not label Paulsen as a socialist. Of course, a real socialist would be spending money on human needs, not on bailing out wall street billionaires.

In this case, at least, the US gets a cut of the company.

The US is too big to fail.

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