May 10, 2010

Bailing out on bailouts

I can't pretend to understand the complex economics of the world. I've always had a suspicious relationship with numbers in general, and I stopped trying to absord the universal language of math after scoring a "B" in calculus in college, thereby filling my one math class requirement. I've spent the last 17 years doing my very best to forget such terms as "quadratic equation."

It's been the written word and me ever since.

So, I can't really wrap my head around the financial numerical engines that drive economies across the globe. I can, however, sniff out a ridiculous-sounding idea when it hits the news.

A financial bailout of a country? I think that qualifies.

How the HELL do you bailout a country? America can't even bailout an auto industry, for crying out loud, and we've been pretty shit-all lousy when it comes to financial sector bailouts, too. Heck, some of them are still on the government doorstep, hat in hand, asking for more.

And the EU thinks it can bailout an entire country? As Wayne once said: "Pshaw! As if!"

But, hey, a $1 trillion flush of a toilet should at least be interesting to watch. I know it's been just AWESOME watching our own bailouts do a faceplant right off the starting line. It will be nice to see someone else try it for awhile.

Someone, SOMEWHERE, is aware that a bailout is just a measure to stay afloat that doesn't actually address the underlying problem that led to the need for a bailout, right?


Posted by Ryan at May 10, 2010 08:30 PM | TrackBack
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