Roubini's Economics of the Living Dead

In the book Crisis Economics by Nouriel Roubini he describes the companies that have been bailed out by the government as, "the living dead." He makes the case that the Keynesian measures used by the Obama administration to "save the economy" have actually created economic zombies. From GM and Chrysler to Bank of America and Fannie and Freddie the bail outs have left us with economic losers who should have been dead and buried. These zombies will continue to eat the proverbial brains of our economy. The bail outs ensured the continuation of poor business practices and smother innovation and creativity. They solidify the supremacy of imprudence as the consequences of bad business decisions are suffered by the American people rather than the makers of bad decisions. This creates an atmosphere of moral hazard that makes good decisions unnecessary.