On the Bailout and Branding
The other morning I was having a conversation about how I thought the bailout was essentially a marketing failure. All in favor of the bailout failed to help regular folks understand what it was all about, which created the backlash that in part caused the first house vote. What’s more, after the first vote the house did an abysmal job in explaining why they had voted the way they had or offering up another path and the market responded by dropping 700 points.
That same day, my mom sent me over this article which discusses the marketing of the bailout in another light: The name itself. “A bailout makes us all smaller for having participated in it,” the article suggests. “‘Bailout’ connotates failure and Americans hate failure – unless there is the promise of a second act where the hero finds redemption.”
All in all I think we can agree that it was poorly handled.
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This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayer? A bird in the hand is worth two in the bush administration.