• joobeejoo47@kbin.social
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    11 months ago

    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.

      • afraid_of_zombies@lemmy.world
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        11 months ago

        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?

        • GeneralEmergency@lemmy.world
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          11 months ago

          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.

    • MxM111@kbin.social
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      11 months ago

      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.

      • afraid_of_zombies@lemmy.world
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        11 months ago

        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.