Monday, January 12, 2009

Bailouts Gone Wild: Porn Chiefs Seek $5 Billion

I've been following the public clamour for bailouts with quite a bit of interest. I would prefer that the market (all of us as individuals) choose which companies succeed and don't by our willingness to buy products from the businesses that provide us the products and services that we want, instead of government bureacracies taking our tax money and divvying it out the way they see fit.

The line up of people with their hands out is becoming more and more bizarre. Now it's the porn industry! I don't have a particular problem with legal pornography (note: this is not an endorsement or a criticism), but I can tell you for sure that I don't think governments should subsidize it! Check it out:

Bailouts Gone Wild: Porn Chiefs Seek $5 Billion
http://dealbook.blogs.nytimes.com/2009/01/07/bailouts-gone-wild-porn-chiefs-seek-5-billion/

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This is my first blog comment - or whatever its called. On the topic of bailouts, am I the only person sickened by the Olympic Village bailout?! We have to guarantee a $1 billion price tag so these atheletes can have a nice cozy stay here for two weeks?? Is it at all possible for the City to just say "no"? Let the market save this endeavour if its worth it to them - and if not, so bet. Nobody will die and we are in tough times and everyone is suffering - why should the athletes and the IOC be spared that? Jason Upton

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