All the “experts” and politicians have been so bewildered over the volume of calls to Congresscritters opposing the bailout. They make arrogant statements like, “people just don’t get what’s going on”, assuming that if they did, they would undoubtedly support this massive corporate welfare plan. I beg to differ. I think the average person intuitively “gets it” more than the experts know.
I was recently speaking to a student who is not particularly interested in or well-versed in economics or current events. He said, “I don’t know much about this stuff, but it seems to me like the government wants to spend a bunch of taxpayer money to prop up bad investments and make them look good. Won’t that just drag the problem out longer? Shouldn’t they just let the bad investments clear out?”
People get it. The “experts” don’t.
