Über-Bailout Quote du Jour

Seen at Donklephant:

I think we can continue to admire and support the power of free market economics while also recognizing the need for a certain level of government regulation and financial backing. A bailout is needed at the moment. After that, we can work on reforming the rat’s nest of regulations that currently exist. The more we recognize that our economy is and always will be a public-private affair, the more we can address our problems rationally. This is not a moment for ideological grandstanding. Such inanity just adds more obstacles in our pursuit for a solution.

Amen!

There is one other observation I can add to such sentiment: Many of the critics of the bailout seem to take issue with it not being fair that some people or entities seem to benefit at the expense of others.  I agree….but the sad reality is that life isn’t fair.   Folks who require fairness in their lives are doomed to disappointment.

It’s not fair that my family will likely be adversely impacted (indirectly, if not directly) by the bad decisions made by others.  However, I personally would prefer that any such pain be alleviated…or at least cushioned…if possible, rather than face an uncontrolled crash in the economy aggravated by market hysteria.