Bailout Damage by Government

                

The media and Congress make much of the fact that most of the bailout is being paid back or will eventually be.

                     

But that is not the important result of what happened with that 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.

                     

First, the recent bailouts 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 causes damage. The meddling, the setting of business policies, and the hiring and firing at bureaucrat whim, to go with salary caps; all that results and that is damaging state capitalism or socialism. ( (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)