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Posts Tagged ‘special interest groups’

By engaging in bailout after bailout, government bureaucrats in both parties perpetuate the system that is not working: special interest groups getting special treatment.

Follow the consequences! By subsidizing failed but well-connected losers with a bailout we collectively are confiscating the necessary resources from productive and successful companies and tax paying members of the economy. Effectively, that means the successful work for the unsuccessful.  We are considering giving billions to those executives that brought their companies to the brink of irrelevancy.

Such bailouts are a bad idea because the failed company management doesn’t feel the pain as they feel the bonuses when they do what they are supposed to do. The selection by consequences that operate everywhere in life are again short-circuited for these companies and the communities that feed off their inefficiencies. The consequences for bad behavior never come to rest on those that were instrumental in the problem so they don’t learn. Why should we allow the natural consequences of bad behavior in a free market to be aborted in favor of special favors resulting in our representatives selecting who will owe them favors? We shouldn’t !

Do something about it or shut up!

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