By Mark Drolette
I’m afraid I just don’t get this “free market” stuff. Recent government bailouts of private companies look to me like anything but adherence to free market principles, but then, what do I know? I’m just an average American, not someone economically savvy like George W. Bush who -- well, I’m not economically savvy.
So far be it from me, at a time like this, to ignorantly chime in with unhelpful negativity about the $700 billion plan by Secretary of the Treasury Henry Paulsen to fund the government purchase of oodles of “toxic debt” from companies that shoulda known better, even if its cost, when added to previous bailouts of $29 billion (Bear Stearns), $200 billion (Freddie Mac and Fannie Mae) and $85 billion (AIG), shoves the total tab for the American taxpayer past a trillion dollars for 2008 alone. (The silver lining: there are only three months left!)