posted by dennisn on October 9th, 2008 at 5:30PM

Well, you seemed to be suggesting that maybe, just maybe, it was deregulation that was the problem.

Can we finally all agree on the fact that it was government intrusion in the economy that created this problem?

Because this bailout is a DIRECT component of that exact same intrusion! Part one of the intrusion was the legislation that forced lenders to make the risky loans. Part two was *this* expected bailout. None of this would have happened if a "bailout" wasn't going to happen--that is, if such "bailouts" were forbidden and illegal from the beginning, none of this would have happened--that is, the government would never have been able to take on such risk.

It would be so much more convenient if all the mistakes were behind us. But they're not! This bailout IS STILL that mistake. Agreeing to the bailout is perpetuating the mistake--not to mention perpetuating this evil precedent! What is to stop the next risky gambling fiasco from the government?? If we didn't have the balls to stop them from throwing away 700B of our hard-earned dollars--when will we grow some??

Link