The past week/month has been a flurry of bad financial news. From large banks failing, to the government dedicating BILLIONS (with a "B") of dollars to bail these guys out of bankruptcy. A friend of mine made the comment "Privatize profits, but socialize the losses". I thought that was a very interesting thought. If you succeed you're fine, but if you fail everyone hurts (taxpayers).
But I'm not sure he got it totally right. I mean really, even success has costs via higher tax rates. So truly, success is socialized as well. To say we need a financial overhaul in this country is an understatement.
AIG/Lehman/Merrill Lynch/Bear Stearns/ US Economic Policy = Epic Fail
Please can we get a third party? The republicans want to get us further into debt, and the dems want to further tax me so that they can give everybody a trophy.