Government Bailouts

[ThomWV]

The first big bailout I recall was Chrysler. Like many I was surprised that my Government would step in and prop up any company that was going down the tubes and even more surprised some time later when the company paid back the Government loan and did it early to boot.

I guess something good was accomplished and the money came back home so it didn't bother me as much when they did it next time. I never really got over it though. Deep in my heart I believe in the free market.

Now days we're bailing out investment firms.

Here's the question, what if the Government was to bail out a Newspaper?

[bryant69]

1. You have to assume they'd get good press

Hmmmmmmmm.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[BrklynLiberal]

2. What about bailing out some of the people who cannot afford health care???

For a party that is supposed to hate big govt, and govt interference, they sure don't hesitate when it comes to propping up big business....
If they were only as generous to those folks that provide the tax money to do all this propping up.
I.E. health care, education, public transportation, making sure our water, drugs, and food are clean.

[durablend]

3. No no no...can't do that

That'd be socialism...uh uh uh, not good.

Only bailing out big business leeches is acceptable.

[Zynx]

4. Sometimes it is in the public interest.

For example, if B of A and Citigroup were on the verge of going under, you bet your ass I would want a bailout for those banks. I don't have money on deposit in either one, but the economic damage would be severe. Some industries have significant public interest at stake. Banks are one of them. Bear Stearns is not a deposit bank, but they still are vital due to their involvement in key financial instruments.