So far, the Congress and the Federal Reserve have bailed out:

  • Bear Stearns
  • Fannie Mae
  • Freddie Mac
  • AIG (multiple times)
  • Citigroup
  • GM
  • Chrysler
  • Bank of America
  • The States (see: Gov. Mark Sanford, R-SC; Gov. Bobby Jindal, R-LA; et al.)
  • Amtrak
  • Everybody and their dad

Now, the discussion has come to newspapers and the US Postal Service.  Pretty soon, we’ll be asking who hasn’t had a bailout.  Rather than letting bad businesses fail, we’d rather throw cash at them and hope that their business models and/or practices magically transform into profitable ones.   This is otherwise known as “wishful thinking.”

In Obamaspeak, however, “wishful thinking” is the same thing as “investment.” Much like his “tax cuts” which were actually naked income redistribution, these “investments” are actually just cash given to enterprises in which no individual in their right mind would invest.  Generally speaking, we used to call this “corporate welfare.”

So while we’re at it, I have a few suggestions for industries that need bailouts (excuse me, “investments”), all of which have seen massive losses in the past few years and are in danger of collapse:

  • 8-track tape makers
  • Betamax production lines
  • Telegraph operators
  • Typewriter factories
  • Analog TV companies
  • Horse-drawn carriage drivers
  • Milkmen

Or, we could just save ourselves a lot of money and let the market work like it’s supposed to.  What are your suggested industries for bailout?

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