BAILOUT
By Harvey Tobkes
I relate this financial crisis and cries for a bailout to a medical condition in which the patient has a low tolerance level for pain and begs his doctor for a narcotic. Of course, that would mask the pain but does nothing to cure the illness. It might even have some adverse effects, like becoming addictive.
In the past, Wall Street and Main Street, both, have survived terrible financial catastrophes and came out of it stronger and better than ever, so I cringe at the socialistic thought of rewarding failure and corruption.
My opinion is merely based on a gut feeling; I’m curious as to whether you are pro or con on the bailout. Please reply via the “Leave a Comment” link below.
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You’re currently reading “BAILOUT,” an entry on Harvey Tobkes.
- Published:
- 09.30.08 6:37
- Category:
- Finance
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