The Core Dump

A strong conviction that something must be done is the parent of many bad measures

[By Nic Lindh on Wednesday, 26 November 2008]

Magic money

Nic is not happy with the excesses of the banking system.

I’m just a cave man, and your modern world scares and confuses me.

One thing that is sure confusing me right now is where the 7.7 trillion dollars—“amounting to half the value of everything produced in the nation last year” for the bailout of a corrupt system imploding on a truly Wagnerian scale is actually coming from?

According to the US Census Bureau, 8.7 million (11.7 percent) of America’s children had no healthcare insurance in 2006. But, you know, healthcare costs money, so the rugrats are just going to have to suck it up. While you could make an argument that, actually, it would be a good investment to provide a modicum of healthcare services for the future workers of America, the money to pay for it would have to come from somewhere. Meaning cuts in something else. Fair enough.

But now all of a sudden, apparently the rules have changed, and money can be magicked into being. That’s right, we can spend 7.7 trillion to bail out companies that got too greedy—just rub the lamp and the genie will take care of it.

Thanks, Magic Lamp!

Too bad for sick kids they don’t have one of those.

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