A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults.
That is NOT a "corporate subsidy" as the ignorant author here claims.
If you cannot understand the difference between loan guarantees to solid proven business's which your business analysis say is a prudent move and a loan guarantee to a business your own analysis say IS GOING TO FAIL, you are either too bigoted, or too ignorant, to be commenting on this issue.
I’m not responsible for the writer’s understanding of anything. I simply posted it here for discussion.
But I do have a question, based on your post:
Can you point me to the Article or Section of the Constitution that empowers Congress to co-sign notes for private businesses, or to pay the debts of private businesses if they can’t pay? Because I just can’t lay my finger on it.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents..."-- James Madison, the Father of the Constitution