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Loan so to speak right now and they need from the federal government and it should be handled as a bridge loan. we give it to them and we worry about the stuff later but ben makes a really good point here in this that there is a degree of moral hazard that s always created with these bailouts. i m not being cold here but it is. we throw money at it and then people move back in these zones, these areas which continually get hit with hurricanes and neil: although this is an unusual flooding event. well yes this is but don t tell me that galveston has never been hit. we ve had others. galveston has gotten crushed in the past. galveston was a bigger city at one-time because of the hurricanes and because of flooding it ceased being a huge city, so we should just point out that we re creating a lot of moral hazard by offing up the checkbook. i m not saying don t do it. this is a horrible. neil: adam what do you make of that? i have a slightly different take on it which is of cours ....
Where the heart beats warm and true, that s texas. where we always welcome you, that s texas. where we always find a way, that s texas. resilient stocks for rough times, gary. caterpillar went through rough times for a couple ofors and they re kicking in gear. and i think the stocks will continue to go higher. neil: adam. slf, a basket of stocks. we ve had financial crises before, and we re not in one ....
There s no doubt about that but in the future, the reliance on that massive federal government check means that states counties and cities don t have appropriate emergency response if they are that reliant. neil i totally agree and that argues for good long term planning, for good policy, for a good conversation between the parties, between local and federal government, but it also argues for maintaining the power of the federal government to step in when it needs to. adam let s be real clear. i know you re trying to tell us that big government works and we should all the time. no no no fair point. fair point. listen, they re good, the federal government is really good at the armed forces i don t think the federal government should be in local law enforcement. fair point. and there is a common ground here and that s what s going on here but i will say ben stein made a really good point before. we have created moral hazard. ....