The shifty business of Business bailouts

[SoCalDem]

I get so damned tired of hearing about all the "entitlement programs" that need to be de-funded. The coddlung of some busineses is a much bigger problem.

I guess the secret is to start a "crucial" business, and pay enough money to keep your friends in positions where they can constantly help you.

Look at all the "businesses" that routinely get "help"..

Airlines get help all the time
Chrysler got help
Agro businesses get shitloads of subsidies
OIL COMPANIES get help all the time (who could need it LESS?)
Banking/savings & loans get bail outs
and now the speculative Mortgage industry is poised to get help.

Our carnivore-capitalism model is incongruous to this whole philosophy.

If you open a business and it fails, it's obviously because you were a bad business person, didn't do your homework, had a bad product, had bad management, or planned poorly, so you don't deserve to be in business...

BUT..

If you are big enough or have the right friends, you apparently can stay in business forever, no matter how many times you screw up.

[PDJane]

1. If you owe enough, you can stay afloat.......

because no-one wants to write off the debt.

[valerief]

2. Someone here called the recent Wall St. welfare Wallfare. Perfect name for it. nt

[bob4460]

3. Why doesn't the gov buy the bad loans or help the ones that are behind??

At least it would help,and there would be something for the government to hold,instead of corporate welfare.