tag:blogger.com,1999:blog-7405620239163912537.post8747136372445205101..comments2023-08-07T08:39:35.041-07:00Comments on The Thinking Nationalist: Too Big to Fail? Too Large to Exist.The Thinking Nationalisthttp://www.blogger.com/profile/15501475482005858108noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7405620239163912537.post-26060632312850452492009-09-30T10:46:05.475-07:002009-09-30T10:46:05.475-07:00"Too Big to Fail" is always a political ..."Too Big to Fail" is always a political judgment, not necessarily an economic one.<br /><br />In the final analysis, it always depends more on<br />political factors than on economic fundamentals.<br /><br />In purely economic terms, GM, Chrysler, Citibank,Bank of America, and Merrill Lynch should all have been allowed to fail.<br /><br />That they were not was purely a political decision - one that the taxpayer will be regretting for decades to come.<br /><br />In employment terms, can anyone TRUTHFULLY<br />say we are better off because we bailed out<br />these "Too Big To Fail" institutions?<br /><br />The question begs its own answer.<br /><br />The Thinking NationalistThe Thinking Nationalisthttps://www.blogger.com/profile/15501475482005858108noreply@blogger.comtag:blogger.com,1999:blog-7405620239163912537.post-9196580557849041862009-09-29T10:07:11.699-07:002009-09-29T10:07:11.699-07:00How the Federal Government came up with the "...How the Federal Government came up with the "too big to fail" is beyond me. Did this all start with the New York city "bailout" in the 1960s? or Chrysler in the 1970s? If we are "asleep at the wheel" then the result of these financial fiascos will be multifarious in it's ramifications. Even if we are awake, the outlook remains grim. For decades the politicians need to explain that fiscal responsibility is painful for "the people". And even though people feel some pain, they expect the government to make that "go away". I love my country, but I know it's not always the best country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7405620239163912537.post-40189440978518958792009-09-27T19:57:48.399-07:002009-09-27T19:57:48.399-07:00Amen. A+ article.
Thinking Nationalist 2012 po...Amen. A+ article. <br /><br />Thinking Nationalist 2012 political run?Anonymousnoreply@blogger.com