Was the Bailout Necessary for Companies 'Too Big to Fail'?

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The discussion centers around the comedic value of George W. Bush's public speaking and the memorable phrases he coined, known as "Bushisms." Key highlights include the release of a list of top Bushisms, such as "misunderestimate" and "mission accomplished," which have provided ample material for comedians and internet humor. Participants reflect on Bush's unique verbal gaffes and compare them to other political figures, including Dan Quayle and Sarah Palin, suggesting that Bush's style has set a high bar for future politicians in terms of comedic potential. The conversation also touches on Barack Obama's perceived lack of humor and the challenges he faces in generating similar comedic material. Additionally, there are debates about the definition of a "constitutional scholar" in relation to Obama, emphasizing his academic background and teaching experience. Overall, the thread highlights the intersection of politics and humor, showcasing how public figures can become sources of entertainment through their verbal missteps.
  • #51
baywax said:
"I've abandoned free market principles to save the free market system." GWB



And that's the way it is...

The free market ceased to exist as soon as we heard the cry "Too big to fail!". He abandoned free-market principles because there was no choice.
 
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  • #52
Ivan Seeking said:
The free market ceased to exist as soon as we heard the cry "Too big to fail!". He abandoned free-market principles because there was no choice.

Que?
 
  • #53
By definition, there is no such thing as "too big to fail" in a free market. I believe it is true - the bailout was necessary - but the facts are the facts.

Ironic and perhaps ominous: As the credit crisis was realized and we started hearing "Too big to fail!", companies too big to fail then merged with other companies too big to fail.
 
  • #54
Ivan Seeking said:
By definition, there is no such thing as "too big to fail" in a free market. I believe it is true - the bailout was necessary - but the facts are the facts.

Ironic and perhaps ominous: As the credit crisis was realized and we started hearing "Too big to fail!", companies too big to fail then merged with other companies too big to fail.

I'm hearing a Bob Marley tune in there somewhere. No, Jimmy Cliff... the original... "the bigger they are, the harder they fall...woooooo".
 

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