Monday, September 22, 2008

Where is Gridlock when we REALLY need it

If Congress is going to buy the taxpayers some (bleep) then why don't they buy us some good (bleep).

Link
Holy Crap, if we are going to nationalize something, lets at least be as smart as Chavez and Morales and pick stuff that is profitable! Let's nationalize Google and Microsoft!

For what it's worth, I think this plan is a hasty, ill-considered overreaction to recent events. If it's a cure, then the cure is worse than the disease. Once a bailout like this happens it will be (1) very hard to say no to anyone down the line and (2) very hard to deny politicians a much increased voice in the everyday activities of firms if taxpayers are going to be the ultimate owners when things go bad.