The consequences of the bank and auto company and union bailouts could be foreseen. Everyone demanding a bailout now can point to the bailouts of Fat Cats and special interests and say -- why not me? The State has used an interventionist government and the Fed to centrally manage the economy, and now that times are bad, everyone's beating on the manager's door demanding help. Students with collegel loans, homeowners with underwater mortgages, the long term unemployed, the construction industry, green energy companies, public workers, the list goes on. If government can bailout the banks, it can bailout everyone suffering in this recession. But we're not like Greece -- we can print money, so don't worry.
The State has succeeded in making everyone dependent on government. Good job! Now, how to make this new arrangement work -- that's the trick.