"I'm a strong believer in free enterprise. So my natural instinct is to oppose government intervention." --President George Bush, speech on economic crises a few days ago
Really? Even when there was no crisis, Bush never called for the Federal Reserve to stop intervening in the US economy by tampering with interest rates. In fact, Obama and McCain are also not strong believers in free enterprise and neither one of them will reign in the Federal Reserve.
As far as the "too big to fail" argument goes, this can be turned around:
Are there no companies which are too badly run to be bailed out?
Are there no companies which are too badly run to be bailed out?
All of which reminds me of Friedrich Nietzsche's aphorism:
"If something is about to fall off a cliff, it deserves to be pushed."
