Exit Strategy, part 3
Tuesday, March 17th, 2009Back on Dec. 3, 2008, I wrote about the importance of an exit strategy. Then again on Dec. 11th, I highlighted Christopher Cox’s comments. Now today, I see this news in the Washington Post (emphasis mine):
House Minority Leader John A. Boehner (R-Ohio) said the [AIG] bonus issue added to his belief that there will be almost no Republican support for any expansion of a bank-bailout program that passed Congress last fall with broad bipartisan support.
“What is the government’s exit strategy from this sweeping involvement in private business?” he asked in a statement, adding that “taxpayers are not receiving an adequate accounting from either the Treasury or the management of the companies that received taxpayer funds. Unfortunately, we have not yet seen such a plan.”
The sooner the US government pulls out its investments in private companies, the better.

