Republicans have placed themselves in an untenable position — it is perfectly acceptable to bailout banks (because we’re [sic] saving the “financial system” doncha know) but it is not okay to bailout the big three auto makers because that’s moral hazard or a handout or socialism or somesuch. I’m against all bailouts; this is what the bankruptcy laws are for, in the case of banks and auto manufacturers and homeowners. The sooner things fall apart, the sooner they can be put back together. But we don’t live in that world, we live in a world of “do something, and do … Continue reading On Bailouts