I don't get it. We're spending $10 billion a month for the war in Iraq and now the Treasury Secretary is saying the government is going to need to spend "hundreds of billions" of dollars to deal with the financial crisis and to bail out all these corporations that fucked up big time. None of these "solutions" is going to help out the shareholders of any of these companies. They (we?) are out of luck. I'm not exactly sure who the bailouts will help, but my guess is that the CEOs and other executives don't need to worry too much about losing their homes.
And who really pays for it? We do. With our tax dollars.
I thought that deregulating and giving reign to free market forces meant that going out of business was supposed to be a natural end result of businesses that chose poor policies and practices. Apparently government bailouts for major fuckups is okay, but government regulations that could prevent this mess in the first place are bad. That seems to be the logic we have been operating under.
Yeah, definitely time for a change.