When it comes to a financial meltdown, after dire predictions from economists governments around the world scramble to cooperate, the G7 calls emergency meetings, the doors to various national treasuries are flung open. The attitude among politicians and pundits by and large is "Do something! Costs to the taxpayers be dammed, we must solve this problem before it get worse, no matter what it takes.The government tells you about different ways to save money to weather the crisis and tell you "Times are hard and we all have to pull together!" Handing over $700 billion with little or no oversight is something that must be done.
When it comes to global warming on the other hand, after 25 years of studies and dire predictions from scientists, there are still many politicians, bonehead and corporate lackies who claim the whole thing is a matter of opinion and the best thing to do is burn more coal and oil and drive your SUV to the corner store. Equiping factories with antipollution gear and forcing the auto industry to build more hybrids would be socialism and would cost too much.
When it comes to genocide in Darfur, thousands are dying, but it might be too expensive to divest or to pay some bills for the African Union or send some of our own soldiers. Besides, Sudan has some oil and you never know when that might come in handy.
The government of the United States is willing to fork over $700 billion in one fell swoop to the very people who lead the finanacial industry into disaser, but when experts say it might cost as much aas $150 billion to bring unversal health care to the country, all we hear about is "personal responsibility" and "fiscal restraint."
Nice to know where our priorities lay as a society.
Crossposted from the Woodshed.
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