Dean Baker at the American Prospect weighs in on the prospect of a bailout of the fools who got us into this current economic crisis. Rich yacht owners do not need to be bailed out, they need to be allowed to suffer their own consequences.
Put it another way: all these rich Republican types and financial bankers have spent a lot of money on lobbyists to keep the government “off their backs.” They’ve done a whole lot of work to keep the government regulations to a minimum. They wanted to be free of the government. Well, boys, bon appetito!