Italy has nationalized Monte dei Paschi di Siena, a major bank that otherwise would have gone into bankruptcy. In the process, the bank’s €26.8 billion ($32.5 billion) “nonperforming loans” will be “disposed of,” and the Italian government taxpayers will feed the bank €5.4 billion and get a 70% stake in the failing bank.

Under the bad loan disposal plan, €26.1 billion will be bundled and sold at 21% of gross book value, the vast majority to the government-organized Atlante II fund, while the bank retains 5%.

Because it isn’t possible to get the same bang for fewer bucks by using the smaller amount more efficiently.  No, just keep throwing money at the thing; if a single dollar sticks, it’s sufficient.

That’s the apparent position of folks on the left like Bill Nye, the guy with a Master’s degree in Engineering who represents himself as “The Science Guy.”

Nye, who served as an honorary co-chair for the March for Science, chided lawmakers who ignore scientific research in areas like climate change and railed against the Trump administration’s proposed budget cuts.

Then Senate Majority Leader Harry Reid (D, NV) said he would never work with a President Mitt Romney.

Mitt Romney’s fantasy that Senate Democrats will work with him to pass his “severely conservative” agenda is laughable[.]

Then Senate Minority Leader Chuck Schumer (D, NY) stated his refusal to work with President Donald Trump:

He moved so far over to the right that it’s virtually impossible to work with him[.]

If that wasn’t clear, the Progressive-Democrats have made it so:

Senate Minority Leader Chuck Schumer (D, NY) said congressional leaders can reach an agreement on spending, but only if the White House stays out of negotiations.