Hacker News new | ask | show | jobs
by jessaustin 3513 days ago
I'm not against helping out "little people" who need help. A cursory examination of the bailouts, however, makes clear that nothing of the sort was ever contemplated. All payments were to giant financial firms. Briefly, certain shameless pundits claimed there would be some sort of "trickle down" effect, but no one really expected it.

When the general welfare is invoked to justify extraordinary action, but the action itself doesn't contribute to that at all, the original argument ceases to convince. Cui bono?