“A vote for reform is a vote to put a stop to taxpayer-funded bailouts,” Obama said in his speech in New York on Thursday. I cannot find any experts — of any party — who are willing to agree with Obama on this one.

By: David Freddoso at Washington Examiner

National Public Radio put your tax dollars to good use this week:

We at Planet Money did an informal survey of economists and regulatory experts on the left and the right. We couldn’t find any who fully endorse the reforms backed by President Obama and Democrats in Congress. Everyone thinks the reforms just aren’t enough to solve the problem.

Take, for example, “too big to fail” — the idea that if one of the largest banks in the country gets into trouble, the government will save it with taxpayer money.

“A vote for reform is a vote to put a stop to taxpayer-funded bailouts,” Obama said in his speech in New York on Thursday.

I cannot find any experts — of any party — who are willing to agree with Obama on this one.

Why don’t the experts agree with Obama? Because he’s wrong.

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