It’s All About Size

Rahm Emanuel - Size Matters

One of the many bad things about men running the world is that size does matter. How you use it is for losers and wannabes. Take this particular economic crisis (please). The banks, insurance companies and Wall Street firms were bailed out because they were too big to fail. It was scale of the stimulus, not so much the details, that mattered to Obama. It wasn’t that we needed $700B for TARP, it was, according to Bernanke, just about the right size for the markets to react to it. Bush was against government intervening in the markets until the size of the crisis was known. Our Treasury is only going to stress test and buy toxic mortgages from banks of the right size (>$10B – there are only 13 of them).

Sure, maybe it’s just pecuniary envy, but those average among us are having problems, too. Small businesses are flaccid and needing a stimulus. We are teased nightly on the news, but all we get to do is watch. While taking something for our economic dysfunction has side effects (our hearts might stop working; sudden hearing loss, blindness, surges in blood pressure; and the chance of our excitement lasting longer than 4 hours which could do permanent harm), we are willing to take the risk to feel young, vibrant and powerful like those who have been endowed larger. We promise to love our politicians in the morning even if they end up (bleeping) us.

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