Monday, December 22, 2008

Drawing lines

By Creature

The question with bailing out everyone, and their mothers, usually comes down to drawing lines. I understand a frozen financial system harms all (the life-blood argument blah, blah, blah). I understand the importance of keeping Detroit, and its millions of interconnected jobs, alive as well. And, I'm all for a huge stimulus focused on infrastructure, education, and green. But keeping greedy property developers and commercial building owners in the black is a step too far and should be rejected without a second thought. As Calculated Risk points out: "How many jobs will be lost if the ownership of an office building or mall changes? Very few." If at all. Enough is enough.

(Cross-posted at State of the Day.)

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