What is the cultural cost of the bailout economy?

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Wednesday, March 2nd, 2011
The exact financial cost for the massive 2008 government bailout of the economy is still being tabulated. What is harder to calculate is the toll the action took on Americans beliefs about the government and their own financial obligations. But that cultural impact may be the one that will be the most damaging one in the long run.

David Skeel, professor of corporate law at the University of Pennsylvania and a leading expert in issues of public policy, debt and bankruptcy, speaks about the long term cultural ramifications of the bailout economy.
How do government bailouts affect how Americans view responsibility, sharing pain, and our collective ability to handle the really big crisis just down the road? With David Skeel
Listen: bailouts_2011.02.05.mp3
Length: 19 minutes
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