A Modern Parable

Mark

Our business leaders have abandoned capitalism in favor of bailonomics

Great post. Thanks for sharing. I don't agree on any kind of bail out. It's a temporary fix.... but then again we live in a society full of temporary fixes. Our physicians prescribe medications to mask the problems instead of treating the problems. Have a headache because of bad diet? Here's a pill that will take care of that headache. Side effects? Here's another pill that will take care of the side effects.

I am mixed about the bailout. I hate to see numerous people lose their job. Especially in the rough economy that we are in. However, I agree with Julia. We are in a society of temporary fixes. If we put a band aid on a large problem we will just have to deal with it down the road when it is worse. As some point we have to face it head on. I guess that would be easier to do in a thriving economy versus now because those displaced workers could more easily find work elsewhere.

I don't think you can just throw money at a bad business model just because you don't want to see people lose their jobs. I only know as much as the nightly news tells me so I probably shouldn't be offering my opinions but it seems to me that the UAW needs to make concessions. They seem to have a stranglehold on the America car maker which makes them uncompetitive to foreign car builders.