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Just like that, Governors extinguished people’s livelihoods.

When will the Governors relent?

Initially I thought they would return to their senses when states become unable to pay state employees, for lack of tax revenue usually derived from those livelihoods they extinguished.
But now, based on my position, I realize we’re headed for the mother of all federal bailouts. In fact a series of bailouts...

Bailouts for banks, bailouts for Wall Street, money for Americans who would rather work, bailouts for ruined companies, and bailouts for States.
TARP, Auto Bailouts, QE’s 1-3...

These will all look like chump change in comparison to the coming bailouts.

Every economic text book from this year forward will have at least a chapter written about this meltdown.

There’s probably time to stop this madness, but not the will.
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