Monday, November 17, 2008
Rarely have both the left, the right, and the libertarian leaning part of popular opinion agreed on something as much as they did in disliking the "bailout" for the banking industry. The left, because the plan directs money to a part of the financial system always regarded as rich and well compensated. The right, and certainly the libertarian, because they believe that it runs counter to the principles of free economy: if you did not do well, you should fail. (Whether the bailout was necessary or not is another matter).
This editorial cartoon by Tom Toles captures the popular feeling pretty well!
Posted by SK at 9:25 PM