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Re: How many bailouts have there been so far? [Re: Seuss]
    #9845666 -

Seuss said:
> How?

By dropping the dead weight, and allowing survival of the fittest.  This is generally how the market works when the government stays out of it.  Some companies, such as those with labor represented by the UAW, will die, while other companies that are not hobbled by insane labor costs or insane management bonuses will succeed.  The government needs to provide a transparent and fair playing field and leave everything else alone.



Problem is, the dead weight has a way of dragging plenty of healthy companies down with it.  For example, the banking failures have just about killed Alcan/Alcoa, which has done business responsibly since long before you or I was born.

I suppose you could call that a "correction".


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