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Daily Kos: AIG responds to its bad press

Daily Kos: AIG responds to its bad press

Exhibit A for why taxpayer bailouts are a bad idea. Let me get this down to the very basics.

• Government’s biggest responsibility in a capitalist system is to ensure that there’s healthy competition
• Government capitulates in this responsibility due to a self-perpetuating and fundamentally corrupt system of campaign contributions, greed and ineffectual regulation.
• The result is companies like AIG that are Too Big To Fail (TBTF)
• Because these companies are TBTF taxpayers are forced to bail them out
• Weepy-eyed liberal bloggers feel justified in questioning every business decision said bailed-out TBTF company makes
• Alfredo gets annoyed enough about it to write a blog post

So, what’s the solution? It’s not to write self-indulgent claptrap about how terrible some conference is. If the system was working right and these sort of things were really bad for business the company would fail, which AIG should have. The solution is to make sure the system works right going forward. Companies like AIG should be broken up into smaller, more nimble non-TBTF companies. That way in the future when something like this happens again, and it will, mine eyes can happily watch the stupid companies die and not read whining drivel from infantile liberal bloggers.