I'm doing my best here to come up with a simple and coherent liberal message about what's going on in our new socialist republic. It's hard to get past the hilarity of all the supposed free market worshippers in our government and on CNBC cheering this on.
And I have no idea if this bailout was a good thing or a bad thing. I don't have enough information to make that determination.
The real issue is that you need a sensible regulatory framework to prevent financial crises from happening in the first place and criteria and practices for dealing with them when they do, along with a sensible and consistent broad social safety net for individuals and families for when crises happen to them.
It might have been the right thing to run down to the river with buckets to collect water to throw on the burning building, but it would have been much better to have better fire codes and a functioning fire department.
