@Setanta,
Setanta wrote:
In fact, oh father of long-winded, meaningless posts, the real question is why should tax payers bail out any corporation. Lining up to feed at the public trough, George?
In order to keep them alive, able to pay their employees, and deliver (now in the case of most businesses, or later in the case of restaurants and other like businesses that are already completely shut down). The employees and employers in all these corporations are already organized in usually efficient, mutually supporting ways, and there is meaningful social and economic value in their continued existence. Reinventing them all after the recovery would be more costly to both the people and the government, They are, after all, the direct or indirect source of nearly all the taxes paid to our government.
None of the companies with which I am associated is currently planning to apply for any of the loans being offered in the pending legislation. The loans must be repaid and the attending government requirements (stock sales transfers or security commitments , etc. ) are not yet clear. Two of the three companies with which I am associated (one my own) are debt free and intend to stay that way if at all possible. To my knowledge the pending legislation offers only loans, no grants or subsidies.
You appear to be unaware of or uninterested in the facts in these programs and more interested in merely reciting your preconceived prejudices.
Parenthetically, I am very skeptical of the likely benefits attendant to any long term or continuing government subsidies. The adverse, usually counterproductive, side effects in most cases leave them doing more harm to the intended beneficiaries than good. Our student college loan program is a good example. This effort is, in my eyes, justifiable only in that it is a temporary measure to contain a well defined transient, but serious, emergency.
