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Entries in economy (1)

Monday
Nov162009

Terms For Removal #1: "Too big to fail" & "Government run healthcare"

Stephen Colbert has "The Word." Bill Mauer has "New Rules." Here at Ant.Lion we have "Terms For Removal." It's a fairly simple concept. The English lexicon is fraught with useless, idiotic, and self-contradictory terms. If such words had mass, they'd fill every basin of every toilet in this linguistically bloated country of ours. Every term has a job -- a service it provides. And when we no longer require a term's services, it should be removed. This is "Terms For Removal."

Congratulations. Your job just got a hell-of-a-lot simpler.1) "Too big to fail"

It's been a little over a year since the big Wall Street bailout passed through Congress under then President Bush. Politicians fed the American people some unfamiliar rhetoric. Here was the gist of it: Such-and-such company's power and influence is so tied to the U.S. economy that, if the company failed, it would spell certain doom for the financial system. Corporations like Citigroup and Bank of America were "too big to fail," so the American taxpayer bailed them out. In doing so, we were assured the country's cumulative wealth and assets wouldn't vanish overnight. I'm not against the bailout. I think it was necessary -- a tough pill to swallow. But now it's time to remove this term, and thus any opportunity for another bailout, forever.

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