If we can prevent the government from wasting the labor of the people
under the pretense of caring for them, they will be happy. - Thomas Jefferson


Saturday, October 25, 2008

The rest of Picking Winners Making Losers

I got off on that Henry Paulson and PNC conversation there and forgot the scarier part of the message.

Not only is our government picking and choosing which banks will succeed and which will crash n burn, but they have also begun saving other industries. They're starting with insurance. Specifically The Hartford, Prudential, and Met Life have their hands out.

Bailout Expands to Insurers
Treasury to Take Stakes in Firms as Distress Spreads Beyond Banks (WP)

Letting my government pick the industries to keep...

THIS is whyipaytaxes.

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