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Old 03-21-2020, 10:55 AM
 
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This is bigger than free market capitalism. This is about keeping the fabric of society together, which I'd argue IS the role of the govt. I don't like bailing out corporations, but the alternative of Great Depression 2 is far worse.
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Old 03-21-2020, 12:57 PM
 
Location: Texas
37,949 posts, read 17,865,154 times
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Originally Posted by J746NEW View Post
What about free market capitalism?
They say that is why they deserve the big bucks because of risk.
There is no risk with bail outs.
Because it's not the free market when government shuts it down.
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Old 03-21-2020, 01:31 PM
 
Location: On the Beach
4,139 posts, read 4,528,885 times
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Originally Posted by self-made View Post
What is the purpose of bailing out big businesses over the average citizens, if the average citizens will not be able to afford to use the services of the Big Businesses, e.g., airlines, cruise industry, lodging and the hospitality industry?


It seems we may have a repeat of bailing out the Big Guys and forgetting about the little guys.


I can say I'm an ardent Trump supporter. BUT, if he bails out Big Business before and instead of us average folks, he will absolutely lose my support.


Can anyone shed light on why it a good and reasonable plan to help Big Business over the average Jane and Joe?
Did not agree with the bail outs in 2008, don’t agree with them now. They make billions in profits and then can’t survive a downturn. Should not be the taxpayers problem.
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Old 03-21-2020, 01:33 PM
 
Location: Morrison, CO
34,231 posts, read 18,579,444 times
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Originally Posted by fibonacci View Post
This is bigger than free market capitalism. This is about keeping the fabric of society together, which I'd argue IS the role of the govt. I don't like bailing out corporations, but the alternative of Great Depression 2 is far worse.

I'm not for bailouts. However, Government is CAUSING this economic upheaval, not natural market forces. We've never shut down the economy for potential health concerns before. Never.
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