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Have bailout...Will buy.
Stocks up amid word we're rescuing companies that otherwise would be going down.
Here's the deal:
Ignore all that stuff about capitalism hating rescues.
That was so...I don't know...Last week.
It's weird.
It's just weird.
Traders can't seem to make up their mind on bailouts.
Bad when they consider we're becoming an entitlement nation.
Good when they consider we don't have any better alternatives in this nation.
So better to spend a lot of money and hope it works out.
Than lose a lot of money and see it's clearly not.
Because when times are bad, even good minds turn mushy.
Good minds that know bailing out sick auto companies buys time, but it doesn't buy them solutions.
But this is all about time, right?
Time for the President-elect to say that deficits don't matter right now...Stimulating the economy does.
So we'll stimulate. And spend. A lot.
Hoping, desperately that something sticks.
Even though, in the case of that financial rescue, little does, and likely, little will.
We're on stimulus auto-pilot now.
...hoping it pilots the autos to a better future.
So Wall Street soars on this day it seems this is the only way out...Until it sells off, realizing they're rewarding a big government....just digging in.
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Big Bailouts for Big Mistakes
