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Bailout bubble

Posted by Richard on November 28, 2008

Catching up on a couple of days' worth of Instapundit, I spotted one of those short, brilliant quips for which Glenn is known:

Could we be in the midst of a “bailout bubble?” And if so, what happens when it bursts?

Yes, we could. Especially as the line for bailouts (predictably) keeps growing beyond all reason, and the politicians keep feeding it beyond all reason. 

The problem is, when this bubble bursts — unlike the housing bubble, tech bubble, or "tulip mania" bubble — it won't hurt just those who willingly (and foolishly) bought into it. 

This time, we've all bought into it, whether we wanted to or not.

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