Lawrence Lessig posted a good rant about bailouts
These bailouts are an awful idea -- the worst of K St. capitalism (== kapitalism) inviting an insanely bad future for the industries affected. If there's one thing worse than Detroit managed by the managers who have been driving the American auto industry into the ground for the past three decades, it is Detroit managed by politicians.
People speak about this as if not bailing out Detroit means automobile production in America ends. That's not what failing to bailout Detroit means. Not intervening now would be these automakers would enter bankruptcy. And bankruptcy means the assets of these dinosaurs get reorganized: Someone else buys these companies, at a price the market sets, and runs them profitably, because of the price the market set.
As Senators vote on proceeding to debate the secret Trump/GOP health care plan aka Obamacare repeal plan *they haven’t even seen,* protesters in the senate chambers and outside shouted “Kill the bill, don’t kill us.”
Protests are boiling over across Poland after the ruling Law and Justice party (PiS) passed legislation that would allow the government to force the country’s judges, all the way up to the Supreme Court, to retire, allowing them to appoint new, party-friendly judges in their place. Update: Thankfully, the president vetoed the legislation.
Rep. Beto O’Rourke [D-El Paso] raised over $2.1 million last quarter for a Senate race against bad person Ted Cruz [R-Satan’s Asshole], in the form of 46,574 donations, primarily from in-state donors, with $0 coming from PACs.
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