Liberty, Justice and a Bailout for All

Posted: May 27, 2008 2:32 PM
"If the government can bail out investment banks on Wall Street, then we can extend a hand to folks who are struggling on Main Street." -from Barack Obama's speech to be delivered in Las Vegas today.

In other words, bail everybody out!! Federal money for all! To spur the opening of the federal spigots, Obama's pushing for a $10 billion "Foreclosure Prevention Fund."

Note for the commenters: I am being sarcastic about bailing everybody out. I think the Bear Stearns bailout is what we call "moral hazard."

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