I think there's more it it than letting the banks and big businesses fail.
The banks got into trouble because laws were passed in the 1990's requiring them to make those risky loans. The administration thought it would spread the wealth around, but it had unintended consequences.
And remember that the reason GM got into trouble was because they had a huge liability in the form of lifetime healthcare and full pensions for union workers who had a "30 and out" contract. Whether that was the company's fault or whether their hands were tied by labor laws is a topic for another discussion.
Bottom line is that if you want the government to allow businesses to fail, it also has to let them to succeed on their own. It can't meddle sometimes and then let them suffer the consequences.
The next big bust we could see is the healthcare system. There are many politicians who would like to see all hospitals and health insurance companies in the US go bankrupt so the government can take over the entire system.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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