Innovation Beats Bail-Out Every Time

Written by John Coonen

Monday, 26 January 2009 18:00

In My Opinion... Bail Out

Are you concerned about the Treasury Department's latest bail-and-switch tactics to "bail out the US economy?" I trust the Treasure to affect positive change like I trust Barney Frank with my PIN code. What US politicians on both sides of the aisle don't seem to understand is that bailing out bad businesses is well, just plain stupid.

There's one logical and unsettling reason why bad businesspeople get rewarded with bail-outs, special loans and favors, and the politicians think we're too stupid to get it: the very money that subsidized them will surely funnel back into the campaign coffers of the corrupt pol's who arranged the favoritism in the first place.

Funny how that works, ain't it?

Bail Out Shmail Out.

While we in the US can continue an economic powerhouse, the more our leadership continues to throw good money after bad business leaders, the more our recession will deepen. By and large, government bail-outs are for uncreative insiders, power brokers, and feeble-minded dinosaurs which refuse to innovate and evolve and to serve the marketplace. Ever heard of Darwin, Paulsen? Let the market take care of itself and quit meddling in something that's far beyond anyone's ability to control.

A duh.