No. This is a Murican as it gets. Big company gets greedy, goes bankrupt as its bosses make bank. Big company then gets bailed out with taxpayer money. The bosses make even bigger bank.
It’s actually kind of funny, because US liberals and conservatives SCREAM at the top of their lungs that 👏 Europe 👏 shouldn’t 👏 get 👏 to 👏 subsidize 👏 new 👏 industries 👏 or 👏 technology 👏…
But bailouts? That’s not a subsidies for failing companies (see Detroit motor city bankruptcy), that’s just giving “wealth creators” a helping hand because they’re “too big to fail” (monopoly, duopoly, triopoly, monopsony, oligopoly) so they can “trickle down” those subsidies to the economy…
Wait, what’s that? They usually just give themselves bonuses, leverage the shit out of the stocks and squirrel away the money in Cayman Island bank accounts? It’s happened many, may times already?!
I don’t know what gives you the impression that the American people want bailouts. Nobody I have talked to about this or any of the other bailouts the American Government has done had been cool with it.
Yes, I am talking about the government, that is the liberals and conservatives - that is the Democrats and the Republicans. They are supposed against subsidies, except when they aren’t - that is bailouts is technically a subsidy.
Isn’t this a move out of China’s playbook?
No. This is a Murican as it gets. Big company gets greedy, goes bankrupt as its bosses make bank. Big company then gets bailed out with taxpayer money. The bosses make even bigger bank.
It’s actually kind of funny, because US liberals and conservatives SCREAM at the top of their lungs that 👏 Europe 👏 shouldn’t 👏 get 👏 to 👏 subsidize 👏 new 👏 industries 👏 or 👏 technology 👏…
But bailouts? That’s not a subsidies for failing companies (see Detroit motor city bankruptcy), that’s just giving “wealth creators” a helping hand because they’re “too big to fail” (monopoly, duopoly, triopoly, monopsony, oligopoly) so they can “trickle down” those subsidies to the economy…
Wait, what’s that? They usually just give themselves bonuses, leverage the shit out of the stocks and squirrel away the money in Cayman Island bank accounts? It’s happened many, may times already?!
Such free market. Much competition.
I don’t know what gives you the impression that the American people want bailouts. Nobody I have talked to about this or any of the other bailouts the American Government has done had been cool with it.
Yes, I am talking about the government, that is the liberals and conservatives - that is the Democrats and the Republicans. They are supposed against subsidies, except when they aren’t - that is bailouts is technically a subsidy.