The Cost of Bailouts

The liberal media and left-leaning members of Congress are making a lot out of the fact that much of the bailout is being paid back.

But that is not the important aspect of what happened with the so-called attempt to get the economy moving. It is not how much money was put up and how much has been repaid. It is the effect of the bailout and what it signifies,

First, the bailout did not work. Doing nothing would have not been the disaster we were lead to believe.

Most importantly: Government interference in all its forms is what caused the damage. The meddling, the setting of business policies, and the hiring and firing at bureaucrat whim, to go with salary caps. That is state capitalism or socialism.

Plus, of course, the open use of these “slush” funds to bail out the pension funds of favored, unionized, state government workers.