The Parable of Snotboogie & The Bailout

From the teaser to the pilot episode of the Wire: 

McNulty: I got to ask you. If every time Snotboogie would grab the money and run away–if he did that every time–why’d you even let him into the game? 

Witness: Huh? 

McNulty: If snot always stole the money, why did you let him play? 

Witness: Got to. This is America, man. 

In my allegorical reading, Snotboogie=rent-seeking bureaucrat/politician. So now I ask you all, if Snotboogie democratically elected politicians always steal the money, then why do we let them play? Forget campaign finance reform. Why do we even let them in the game?

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