I think there's more it it than letting the banks and big businesses fail.
The banks got into trouble because laws were passed in the 1990's requiring them to make those risky loans. The administration thought it would spread the wealth around, but it had unintended consequences.
And remember that the reason GM got into trouble was because they had a huge liability in the form of lifetime healthcare and full pensions for union workers who had a "30 and out" contract. Whether that was the company's fault or whether their hands were tied by labor laws is a topic for another discussion.
Bottom line is that if you want the government to allow businesses to fail, it also has to let them to succeed on their own. It can't meddle sometimes and then let them suffer the consequences.
The next big bust we could see is the healthcare system. There are many politicians who would like to see all hospitals and health insurance companies in the US go bankrupt so the government can take over the entire system.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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