4 ms·
I think people and small businesses are going to need a bailout, similar to the banks during the Great Recession. I wonder a) would the gov't do it and b) what
by fatjokes 7y ago
I think people and small businesses are going to need a bailout, similar to the banks during the Great Recession. I wonder a) would the gov't do it and b) what will be the financial impact. W.r.t. (b), the banks were able to pay back the funds with interest. I don't expect that will be the case for individuals and small businesses.
- trident1000 7y agoThe financial impact is that your fucking tax money goes to bail out business owners / stock holders who then hire you and pay you a shit salary. So they profit from you in good times and profit from you in bad times. Hows that for a "free market" system? This is not capitalism/free markets, this is socialism and government intervention and its why we have a huge gap between rich and poor. Normally they would go out of business and other people would have a shot to take over that industry. The exception is the energy sector for national security reasons. But Im hearing of bailouts for cruise lines... gtfo.
- chillacy 7y agoThere's talk about cutting checks to Americans directly in the mainstream now (MSNBC). It's almost UBI-esque (it's at least technically a "conditional cash transfer program"). The reasoning being that right now they're just doing rate cuts, but that only affects investment at the top level, it does nothing to help the americans living paycheck to paycheck.