How is it that for all of the populist rage at the bank bailout that you hear around the watercooler (which used to include “where’s my bailout?”) we now have a torrent of people complaining about—well—their bailout. The constant refrain is that “they’re paying for it” because they are “taxpayers.” Were you not paying for it when you paid credit card interest? Were you not paying for it when your 401(k) tanked?
We’re always paying for it.
The question is whether the government should act to fix the system, or just reinflate the bubble.