Monday, September 22, 2008

Some irony for your Monday morning

The headline on this story reads, "Bailout strikes many on Main Street as unfair." The prevailing sentiment among the regular folks interviewed is that it's wrong for the feds to effectively force taxpayers (and it should be noted we'll ultimately be forced at gunpoint, natch) to pay for the bad decisions of Wall Street, i.e., to make loans to people who didn't have sufficient income or assets to pay those loans back. Yet in that story, there's a picture of a man holding a sign that says, "Bail out Main Street Not WALL STREET." What this sign holder is apparently advocating is for the taxpayers to be forced to pay for the bad decisions of just a different set of people. Now, how is THAT any more fair to those who actually lived within their means?