Drop Zone

When the good times never stay
And the cheap thrills always seem to fade away
When will we fall?
When will we fall down?
--Toad the Wet Sprocket

Nice article detailing bipartisan nature of bailouts in the US. Author notes what anyone with a brain should have picked up during last week's State of the Union address. In one segment President Obama pledged to do 'no bailouts, no handouts,' etc while in another segment he took ownership of the auto bailout and promised more green energy investing.

Consistency, of course, is a characteristic not to be detected in most politicians.

One issue I do have is with the $125 billion estimate for corporate welfare. That number seems waaaay too low. If one factors in systemic interventions that are friendly to corporations, then the $trillions printed by the Fed alone amount to a huge gift to corporations.