To be fair, government bailouts are not just free money the government gives large corporations with no attached expectations. When the government bailed out GM, for example, the treasury gave GM $52 billion. $6.7 billion was considered a loan (with interest) which GM has since paid back. The rest was an investment resulting in a 32% ownership of GM by the US Treasury.
And there is a shit ton of people going bankrupt over medication costs, housing costs, and student loan debt. Do you care about those issue as much as you care about giving a car corporation more money to make oversized gas-guzzlers?
People like you are the reason why everyone is so broke. You care about your tribe and no one else. Did your UAW workers get a pay raise? Cool, and fuck everyone else. Give me free money
On top of this, there is arguably avoidance of a huge negatives impact on workers in GM and elsewhere. So not only the shareholders who were benefiting. And even within shareholders there are regular people, pension funds, etc. Some bailouts make sense.
No bailouts make sense ever. If you really want to give free money to people just give it to them. You don’t need to make sure that their shitty employer is still shitty tomorrow.
To be fair, government bailouts are not just free money the government gives large corporations with no attached expectations. When the government bailed out GM, for example, the treasury gave GM $52 billion. $6.7 billion was considered a loan (with interest) which GM has since paid back. The rest was an investment resulting in a 32% ownership of GM by the US Treasury.
There’s also a shit tonne of people and other businesses that rely on a company like GM.
And there is a shit ton of people going bankrupt over medication costs, housing costs, and student loan debt. Do you care about those issue as much as you care about giving a car corporation more money to make oversized gas-guzzlers?
The fuck are you getting pissy at me for. Fuck the employees and their families I guess.
I didn’t know this was a binary issue.
People like you are the reason why everyone is so broke. You care about your tribe and no one else. Did your UAW workers get a pay raise? Cool, and fuck everyone else. Give me free money
The fuck are you on about.
On top of this, there is arguably avoidance of a huge negatives impact on workers in GM and elsewhere. So not only the shareholders who were benefiting. And even within shareholders there are regular people, pension funds, etc. Some bailouts make sense.
No bailouts make sense ever. If you really want to give free money to people just give it to them. You don’t need to make sure that their shitty employer is still shitty tomorrow.