Friday, November 14, 2008

Details on Bailout

Charles Krauthammer has an interesting article about some details of the bailout. I must admit that the more and more I hear about it, the less I like the bailout. Still, I am torn. Mr. Krauthammer's analogy that the finance sector is like a utility service makes some sense and I would still hesitantly support the bailout for the financial sector, however, I would definitely not be happy about a bailout for the auto industry or the airlines. I do think there has to be a point where you let businesses fail, even big businesses.

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