For the past several weeks, Congress has been handing out money like candy on Halloween. (Technically, it’s been doing this since 1787, but let’s stick to today.) Banks, car manufacturers and the banks again have put on their best costumes and knocked on Congress’ door. Lawmakers have been only too happy to give what the executives want, mostly because they look so cute in their little outfits.
Since the Congressional lottery continues, I have come up with a few other things that are worth of billion-dollar bailouts. Should I ever be called to testify, I would be happy to make my case. Until then, this new device, this series of tubes will have to do. Continue reading The McBournie Minute: We need more bailouts