No money...no really

I'm a little behind on my news. Its what I get for not watching the news nor do I read the paper. But, I do get some emails about various news articles. I'm just behind.

This is a good article. Governors Against State Bailouts

A couple of noteworthy lines:

Take for example the proposed Big Three auto-maker bailout. We think it's very telling that each of the three CEO's flew on their own private jets to Washington to ask for a taxpayer handout. No amount of taxpayer largess could fix a business culture so fundamentally flawed.

To an unprecedented degree, government is currently picking winners and losers in the private marketplace, and throwing good money after bad. A prudent investor takes money from low-yield investments and puts them in those that yield better returns. Recent government intervention is doing the opposite -- taking capital generated from productive activities and throwing it at enterprises that in many cases need to reorganize their business model.

Borrowing money to "solve" a problem created by too much debt seems odd.

That last one is just a good principle to live by.