First, it was AIG. Then it was Goldman Sachs. Then GM, Chrysler, Fannie Mae, Freddie Mac, ad nauseum. Bailout after bailout after bailout. And it’s not over yet?
Last year, Congress passed several stimulus bills under the guise of “shovel-ready” projects. The only shovel that was ready was the shovel being used by individual state workers ready for layoffs because of irresponsible state spending during the past decade. Good news is that the fellow holding the shovel got to work an extra year. Bad news is that the stimulus money was a one-and-out.