Roy has a new assessment of “bailout mania.”
All of these “rescue missions” are being pushed
as necessary either to prevent the economy from falling deeper into
recession or to help lift the economy out of the hardships that are
currently being endured. But in fact, unless our politicians have
figured out a way to create resources out of thin air, these policies
can only make the recession worse and delay the economy’s eventual
recovery, with more misery along the way. In reality every dollar
funneled into an ailing investment company or a dying auto industry has
to come from somewhere, or more specifically, someone.
