No End in Sight

Obama needs a bailout exit strategy

David Harsanyi | March 25, 2009

(Page 2 of 2)

Yet one of the most concerning aspects of all of this meddling is that every sweeping action of government has necessitated another more intrusive, more far-reaching action—with no end in sight.

When does the prescription run out? Or does it ever run out?

David Harsanyi is a columnist at The Denver Post and the author of Nanny State. Visit his Web site at www.DavidHarsanyi.com.

COPYRIGHT 2009 THE DENVER POST
DISTRIBUTED BY CREATORS SYNDICATE INC.

Comments

@|3.25.09 @ 12:04PM|#

Hey, whatever happened to the shill Weigal?

Did he run off with joe to get gay married in Vermont?

Anyone else support Obama in November and actually have the balls to defend it?

I guess not! Morons.

Mad Max|3.25.09 @ 12:10PM|#

We don't need an exit strategy for the bailout. Talk of exit strategies is defeatist nonsense. Besides:

-Already we can see the light at the end of the tunnel.

-We will be greeted as liberators.

-American boys will never do what we should have Asian boys doing.

-Your sons will never be sent to fight in a foreign war.

-The boys will be home by Christmas.

-On to Richmond!

|3.25.09 @ 12:11PM|#

Timmy has adopted the Bush-ERA of "failure is not an option", just clap harder Iraq strategy:

http://www.youtube.com/watch?v=9GK9Rg9M6-g

spambot|3.25.09 @ 12:19PM|#

See "Operation Enduring Freedom" for the answer to the question.

|3.25.09 @ 12:45PM|#

In what I hope will become a multi-million dollar catchphrase for me in the near future, here is my solution to the whole credit situation:

"Army of Accountants"

|3.25.09 @ 12:50PM|#

Failure is not an option. It's inevitable.

Cabeza De Vaca|3.25.09 @ 12:55PM|#

"Already we can see the light at the end of the tunnel."

The light at the end of this tunnel is a train.

Sean W. Malone|3.25.09 @ 1:01PM|#

So early in the thread and so many contenders for the win...

"Failure is not an option. It's inevitable."

"We will be greeted as liberators"

"The light at the end of the tunnel is a train"

Man... all great.

fyodor|3.25.09 @ 1:13PM|#

"The light at the end of the tunnel is a train"

An appropriate observation, perhaps, but well worn joke!

bill|3.25.09 @ 1:21PM|#

Well the FDIC already has the authority to deal with banks and the other financials can be dealt with using existing anti-trust laws. They broke up Standard Oil and Bell Telephone because they were too big why not AIG?

|3.25.09 @ 1:28PM|#

Exit strategy? Why would you want to get out of something that will so obviously work? And why bother returning control of companies that you now control? Capitalism is eeeeeeevviiiiiiil! Who cares if it's the system that gave us the highest standard of living in the developed world? That's just coincidence.

Craig|3.25.09 @ 2:00PM|#

What the government doesn't want to accept is the fact that the recession is the cure, because it would leave them nothing to do and no justification for stealing from future taxpayers to pay off their pals who made bad bets on derivatives.

If they really must do something fiscally reckless to look like they are taking action, how about permanently repealing the federal income tax? It would increase the annual deficit by less than the combined bailouts and spending increases have done so far, and would give almost everyone a quick and substantial raise in take-home pay.

eric|3.25.09 @ 2:04PM|#

"The light at the end of this tunnel is a train."

Said train is (a) assembled in China (b) using parts made in India (c) powered by oil from the middle east. Globalization at its finest!

|3.25.09 @ 2:09PM|#

[quote]Well the FDIC already has the authority to deal with banks and the other financials can be dealt with using existing anti-trust laws. They broke up Standard Oil and Bell Telephone because they were too big why not AIG?[/quote]

That only occurs if the firm is so large that it is anticompetitive - not systemically importatnt.

Sean W. Malone|3.25.09 @ 2:10PM|#

Eric...

I'm not sure I get your point. Isn't it a great thing that China, India, and the middle east can get along to create something so widely beneficial as a train? Sure beats them shooting at each other.

Paul|3.25.09 @ 3:43PM|#

Any bets on when we'll start seeing wage and price controls?

|3.25.09 @ 3:46PM|#

Isn't it wonderful how the Sunnis and Shiites can cooperate to fight the Americans? See how we have united Iraq (against us)?

(Circa 2005)

|3.25.09 @ 3:54PM|#

I tend to be leery of conspiracy theories, but I'm starting to wonder if bailout failure is a bug and not a feature. It's a short step from "don't let a crisis go to waste" to "the longer the crisis, the more we can do with it."

Of course it could just be their ideological blinders. To a statist all failures in the individual, corporate, or nonprofit spheres should be addressed by more government power/spending/taxing. Unfortunately, their prescription for government failure is the same thing.

Sean W. Malone|3.25.09 @ 3:56PM|#

Any bets on when we'll start seeing wage and price controls?

Haven't we already?

For Example...

Sean W. Malone|3.25.09 @ 3:57PM|#

tag fail...

|3.25.09 @ 4:16PM|#

I tend to be leery of conspiracy theories, but I'm starting to wonder if bailout failure is a bug and not a feature. It's a short step from "don't let a crisis go to waste" to "the longer the crisis, the more we can do with it."

Worked for FDR.

|3.25.09 @ 5:03PM|#

Perhaps we need a law that anyone in government who got a campaign contribution from any organization that received TARP funds should immediately return that contribution.

|3.25.09 @ 6:00PM|#

jsh: Well, I'm no fan of FDR, but I think he was sincere in his efforts. At the time there was much "informed opinion" that the USSR and Germany were having economic success with their policies. Of course most of us know better now.