Is anyone else who regularly reads this blog troubled by the flippant use of the term “bailout” by our government and media? Perhaps your hackles are raised because of the proposal itself, and the language is of no concern. But politicians and auto-executives carefully chose “bailout” to describe what is being asked of the taxpayer. I don’t mean to pick nits here, but let’s examine this word and see whether it’s applicable. According to the good people at dictionary.com, bailout has the following meanings: – noun 1. the act of parachuting from an aircraft, esp. to escape a crash, fire, etc. 2. an instance of coming to the rescue, esp. financially 3. an alternative, additional choice, or the like, such as, “If the highway is jammed, you have two side roads as bailouts.” – adjective 4. of, pertaining to, or consisting of means for relieving an emergency situation. What strikes me is that the above-listed definitions imply an act of finality. The guy who escapes a plane crash en...
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