The government bailouts of big buisnesses is not just a handout to them to stay alive; first, the buisnesses are so large that they controll significant portions of the economy, and if they dissapeared, it would be like a vital species disapearing from the food web. Many companies directly depend on big buisness, and the majority of buisnesses indirectly depend on big buisnesses. Also, the nature of the government bailouts is misunderstood, they are not intended just to keep the existing companies alive. The government is purchasing large portions of buisnesses (controlling shares), and reforming the buisness so that it will become profitable by firing whoever needs to be fired, and cutting whatever needs to be cut. This in effect does the same thing that would happen if the big buisnesses were allowed to fail, but does so without the massive consequences to the economy.
This is how they are intended to work, and since the American president Bush Mush left, they have. Mush just sat back and ate pretzels instead of managing the bailouts properly.
This is how they are intended to work, and since the American president Bush Mush left, they have. Mush just sat back and ate pretzels instead of managing the bailouts properly.
Has anyone really been far even as decided to use even go want to do look more like?
"Giving money and power to government is like giving whiskey and car keys to teenage boys" - P.J. O'Rourke
"Being powerful is like being a lady. If you have to tell people you are, you aren't." - Margaret Thatcher
"Nothing succeeds like the appearance of success." - Christopher Lasch
"Giving money and power to government is like giving whiskey and car keys to teenage boys" - P.J. O'Rourke
"Being powerful is like being a lady. If you have to tell people you are, you aren't." - Margaret Thatcher
"Nothing succeeds like the appearance of success." - Christopher Lasch
