toldailytopic: Should the government bailout failing companies?

[Nathon Detroit]

The TheologyOnline.com TOPIC OF THE DAY for January 7th, 2011 09:33 AM

toldailytopic: Should the government bailout failing companies?

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[Nathon Detroit]

The government should stay entirely out of the free market. The government's job is to provide the countries (or states) infrastructure, local and national security.

If a company fails.... it fails!

If there is a market for that product or service another entrepreneur will come and fill the void. The short term pain of a failed company (loss of jobs, tax revenue, etc.) is far less painful than the long term pain of wasting our grandchildren's money on a company that is failing.

What say ye?

 

[Sherman]

I don't think it's the government's business to be doing bailouts. There is a reason why businesses fail. They are not being competitive. Bailouts only perpetuate the problem of poor business practice. Let the consumer decide which business succeed, not the government. The government needs to keep its grimy paws out of the private sector.

 

[chrysostom]

if you pay close attention, you will find that we are actually bailing out unions and their benefits and their pension plans and the people who run them

and

ultimately the Democratic Party

 

[WizardofOz]

if you pay close attention, you will find that we are actually bailing out unions and their benefits and their pension plans and the people who run them

and

ultimately the Democratic Party

So we can mark you down for a "no" then?

 

[The Graphite]

toldailytopic: Should the government bailout failing companies?

Absolutely, positively not, no way, no how.

Corporate welfare is welfare. All welfare is 1) harmful not only to the ones from which the money is wrongly taken but also harmful to those who receive it, and 2) all welfare is immoral. God has not delegated to any government the authority to redistribute wealth in these ways.

 

[WizardofOz]

Now, if we could just stop the bailout of the government we might be on to something.....

 

[Town Heretic]

Depends on the company and the potential impact on our economy. It helped save GM and they've already paid back billions.

To quote from the link:

"As of today, GM has repaid in full and interest," said GM CEO Ed Whitacre to a crowd assembled on floor of a GM plant in Kansas City, Kan.

To smiles and applause from workers, Whitacre also announced GM's plan to invest $257 million in that plant and another in Detroit to ramp up production of the Chevy Malibu.

Sounds like a win for the American economy and people.

 

[elohiym]

Absolutely, positively not, no way, no how.

What about critical infrastructure necessary for national security?

 

[elohiym]

...all welfare is immoral.

Including service connected disability payments and health care for war veterans?

 

[Sherman]

Including service connected disability payments and health care for war veterans?

The military is a government institution. I don't have any problems with the government taking care of its retirees and disabled veterans, after all veterans are retired government employees and businesses including the government should take care of their employees.

I don't agree with the government bailing out businesses in the private sector. The government and the private sector really are not connected. This hurts the country. When a business fails another will move in and take its place. Businesses with shady practices fail.

Take for example WAMU. My husband and I had personal experience with this business. They were in the nasty habit of refusing payments, losing payments then jacking the interest up on loans way high. people starting cutting up their credit cards and WAMU went under, bought out by JP Morgan/Chase. Chase doesn't do this to its customers so it is succeeding where WAMU failed.

 

[firon]

rephrase the question

rephrase the question

Should taxpayers bail out failing companies. No way!

 

[Traditio]

The government should "bailout" the poor and the oppressed, the stranger and the widow. :nono:

 

[Lighthouse]

No.

 

[PyramidHead]

The bailouts were hilarious, taxpayers paying to re-establish corporations so that they could continue ripping off taxpayers. lol

 

[JoeyArnold]

Bail out companies? No.

 

[Frank Ernest]

The government should stay entirely out of the free market. The government's job is to provide the countries (or states) infrastructure, local and national security.

If a company fails.... it fails!

If there is a market for that product or service another entrepreneur will come and fill the void. The short term pain of a failed company (loss of jobs, tax revenue, etc.) is far less painful than the long term pain of wasting our grandchildren's money on a company that is failing.

What say ye?

I agree.

 

[chrysostom]

Bail out companies? No.

I like it when you answer questions

 

[JoeyArnold]

I like it when you answer questions

Answering questions is my way of saying "I don't want to talk about it. Punch you now."

 

[chrysostom]

who do you think is primarily responsible for bail outs?