Like a blind squirrel that finds an acorn...

[kentuck]

Newt Gingrich has stumbled upon a truth. This morning on CNN, he was taped as saying, "If you are too big to fail, then you are too big to manage." He is absolutely right on that point.

Furthermore, he suggested that corporations like AIG, Fannie and Freddie, should be broken up into parts that are manageable. Of course, he did not elaborate on other corporations that he might include in his break-up. I'm sure Citi-Group and Goldman-Sachs might be on the list also? This is probably where Gingrich might disagree with me? But the devil is always in the details, isn't it?

Also, he said they should have gone by the rules of the marketplace. They should have filed bankruptcy if they were no longer solvent. OMG! I'm about to become a supporter of the free marketplace! I got a feeling this idea may grow more popular in the weeks and months ahead?

[eleny]

1. I guess that sounding like a lefty will get them the ear of the public these days.

Bru-ther! :eyes:

[RC]

2. We need to steal that. Make it our own.

"If you are too big to fail, then you are too big to manage."
I wonder who the Democrat was who said it first?

[Buzz Clik]

3. Rachel Maddow said it ealier this week.

[Warren Stupidity]

4. OT: couldn't squirrels use their noses?

aren't they, like a lot of mammals, scent-centric rather than sight-centric like humans?

[jody]

5. Unconstrained capitalism ultimately leads to monopolies with all their moral weaknesses. Still the

invisible hand of competition, described by Adam Smith, has so far been more effective and efficient for determining what products and services should be produced for consumers than that same task performed by a central planning committee.

IMO the challenge is to establish government policies "to promote the general Welfare" of We the People using Smith's invisible hand of competition and ideas from Marx to distribute "The Wealth of Nations" among members of society.

I understand Smith and Marx both to exclude as beneficiaries, those able to work and unwilling to work from their economic systems.