Monday, September 22, 2008

700 Billion

We, the tax payers, have decided (through our elected officials... wait, an appointed official from the most incompetent president ever... sigh) to bail out the financial markets.

It's disgusting. Is it needed? Maybe, but the people who are saying we need to do it are the same people that let us get into this mess. I've got friends who swear by the capitalist system: it's the most efficient, generates most progress, etc. etc. And when you throw up critiques like it has led us down the path of destroying our environment, commoditizing the commons, preying on the un-educated, privitizing public programs, and so on. Of course the standard response is something along the lines of, "well, that's because the costs were not set up properly... blah blah blah" Nice out, it's akin to saying, "X is the best. Oh, it's not working? You're doing it wrong."

Anyway, transparency is a good thing all around. Mark Cuban thinks that's what's needed to get the bailout to work: 700Billion bailout ? Ebay it ! « blog maverick

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