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s/homes/startups/ Rev your engines Wall St., here it comes! Can this please become the foundation of the Internet Bubble 2.0? Just so I can hope to found a st
by korch 16y ago
s/homes/startups/
Rev your engines Wall St., here it comes!
Can this please become the foundation of the Internet Bubble 2.0? Just so I can hope to found a startup that is ridiculous, overhyped, and doomed to have no realistic business model, and then flip it for a nice multiple to some evil mega-corp playing shell games in lowering their taxes. Since so many computer geeks got rich doing this in the Dotcom era over a decade ago, it's only fair that a new crop of geeks get the same opportunities for advancement.
In reality, this is a terrible idea. It's also indicative of just how out of ideas our leaders are in fixing The Great Recession. Based on history, the interfering legislative fixes to the last recession always end up becoming the engine of the next financial bubble. Lather, rinse, repeat. I am more afraid of the unintended consequences arising from the executive decisions of a small number of idiot ideologues than I am of leaving things be and letting the economy restore it's own natural equilibrium. You might say "well just look at where so-called free markets got us back in 2008", and I would reply saying that entire crash was the result of political tampering in the economy, not the opposite.
Also, Baucus is a political buffoon—just go examine his track record of many, many years. He is exactly the caricature of the permanent, pandering politician we want out of Washington. He's the type of guy who only makes situations worse when he's involved, so something as big as this, I say whatever it is, if Baucus is involved, cancel it.