As distasteful as it sounds, the federal government is going to have to step in with money, loans,
tax breaks, and every other weapon in its arsenal; perhaps temporarily, but maybe not.
"We will make the
trainsplanes run on time!"
We need federally assisted/subsidized business interruption insurance first.
Every business has to have skin in the game.
Refuse to have coverage, no bailouts for losses not covered by insurance.
American taxpayers need protection, too.
If you even mention trying to bail out business and bring manufacturing back to America you will be labeled a “RACIST” and very quickly! The loons on the Left have NO bounds to their depravity.
Yes! Yes! Yes!
Thirty years, everyone has been selling out America, to China.
Democrats. Republicans. Every single person.
Until Donald Trump. :)
Maybe if most of these companies like the airlines in particular hadn’t been buying back massive amounts of their stock to jack up the share value I might be more sympathetic.
Who decides which is ‘important’?
Are we now to let gummint select who WINS and who LOSES?
There’s a word for this and it ends with ‘ism’.
As distasteful as it sounds, the federal government is going to have to step in with money, loans,
tax breaks, and every other weapon in its arsenal; perhaps temporarily, but maybe not.
"We will make the
trainsplanes run on time!"
Bailouts are not the way to go. Institute tax breaks for actually building things in America, or even better, penalties for those who do not. The fact that so much of the pharmaceutical industry is completely dependent upon China, a place without rule of law or standards of quality is a national disgrace. When I’m buying things, I look to see if I can figure out how much, if any a product is sourced from China, because I know for a fact that you can’t trust anything coming from that shithole, from metal quality to drug ingredients.
Often, it’s impossible to tell. Perhaps if the government would like to do something useful, they should require more full disclosure of component manufacture.
One condition I would place on any company getting a government bailout is not one dollar in stock buybacks until the bailout money is repaid to the government with interest.
Families are expected to have at least three months savings to weather unexpected rough seas. Why should businesses be exempt and whine for a taxpayer bailout?
Let ‘em go under. The pieces will be picked up by a leaner and smarter entrepreneur.