Legal Commentary

Don't bail out or prop up, rebuild

Timothy Egan: "Why not go green, go for universal health care, go for economic stimulus ? all with one big vision? Imagine if the $700 billion were there for a fresh overhaul of the American economy, rather than being siphoned off by the very people who created the problem?"

What if, instead of shoveling more money at current enterprises and industries that have been pursuing unsustainable polices for so long, we take this opportunity to get rid of them and rebuild on a sustainable foundation instead? When auto companies pay more for retiree benefits and health insurance than for steel, and when municipalities grant lifetime benefits to five-year employees, the question is when, not if, we will suffer for our foolishness.

Yesterday would have been the best, but today is much better than tomorrow.

Full post as published by Glorfindel of Gondolin on November 20, 2008 (boomark / email).