Dismal Economic Results of Government Bailouts

                                

The media and left-leaning members of Congress make much of bailouts; some were repaid or will “eventually” be.

                   

But that is not the important result of what happened with that attempt to get the economy moving after 2009. 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 signified.

                   

First, the bailout did not work despite today’s rationalization. Doing nothing would have not been the disaster we were lead to believe.

                   

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

                   

And that produced stagnation economics psychology. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)