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Yes, it is a bailout... If used in a certain way, otherwise it is a loan. Considering the government ordered the businesses to close, bailing them out seems t
by chrismcb 7y ago
Yes, it is a bailout... If used in a certain way, otherwise it is a loan. Considering the government ordered the businesses to close, bailing them out seems the right thing to do. It isn't like last time when banks were mismanaged and got a huge bailout
- Spivak 7y agoIt's absolutely insane to me that people think that every business, apparently, needs to bake in a half-year long government ordered shutdown of their operations and sit on cash like a dragon so they can keep paying their rents and employees.
- _curious_ 7y agoThere are definitely some businesses - owners, shareholders, directors - who have not spent every dollar made and conserved their capital in some form or another so that in the event of a catastrophic situation they would be prepared. It's not insane...instead it's prudent to save and invest (not saying it's cash on hand/books). They are not asking for a bailout from anyone, in fact, they are well-positioned to capitalize on the changes and opportunities in their respective markets. Such opportunities would actually be greater if the government did not intervene, so in a way it's kind of perverse that those who sacrificed and saved are being penalized. Every business has a choice and while more popular pathway in modern America may be to live on the edge, it's not unanimous.