Without lines of credit for businesses, you, me, and the USA would instantly fold. Lines of credit are how businesses operate.
The bailout sucked. The home owners should not be given anything. But some sort of bail out had to happen and happen quick. My company is in lock down mode and we are in the robust energy industry. Without lines of credit nothing moves forward.
My husband is a sales exec for a small business based in Yonkers NY and last week they initiated some limited layoffs and all execs, including owners and mgmt, went to a 4 day work week (except sales and customer service) due to recent lines of credit restraints.