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RE: Bill Maher gets destroyed on inflation and gas

The problem with letting the stock market crash is that most people have retirement savings invested there. Not just rich people. Every private or public sector pension plan has a portfolio of stocks. If they take big losses, the first pensions to go insolvent will hit people like retired factory workers.

Trump threw agriculture a bone because that was the first sector targeted by China in the trade war.

I partly agree with you regarding the auto bailouts. I was strongly opposed at the time. I thought the money would go down the drain, and I bought into the moral hazard argument at first. But the bailout worked and in 5 years the federal government was paid back in full.

I try not to watch Bill Maher because he's always been an ill-informed asshole. But it is strange to see him flip to a righty.


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