Thursday, March 13, 2008
Bailouts, aka Corporate Welfare
How is it that we constantly lose sight of the bigger picture? With the constant flow of massive financial bailouts on the part of the US Government, it makes me wonder if we have a privatized economy at all? Feels a lot like Socialism at the end of the day, just on a delayed timeline. Someone needs to do the macro math and determine if America's large scale industries actually are private, or if all the bailouts over the years amount to publicly funded corporate welfare.