Tuesday, January 27, 2009

Big Surprise

So, when the libertarians were saying that losers shouldn't be bailed out, because bailouts allieve them of pain, and cause them not to revise bad decision making, this is one of the things we were talking about. From the NY Post:
High-flying Citigroup executives, trying desperately to hang on to their new, $50 million luxury jet, took heavy flak yesterday from the White House and Congress after The Post revealed how the beleaguerred bank is blowing taxpayers' rescue funds.

What to say to the Congress and Obama? "Well, you voted for it!"

If they want to blame someone, they need to rush to the nearest mirror.

To repeat, if you want to stop bad decision-making, stop rewarding bad decision-making. It really, truly is that simple.

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