Home Forums Hunting & Shooting Hunter's Campfire Why bailout any Corporations?

History repeats itself....Some historians put forth that people should pay attention to the past, so not to repeat it failures.

Our system is just plain corrupt and broken...America is the greatest nation on earth because of us, the American people.

I was reading Hookeye post recently...He’s been laid off work for a little while. The guy is getting by, making adjustments to his situation by cutting back on needs and wants....But, not a single bitch or blame from him about his situation...If anything, more about optimism and foreword thinking.

Kinda like a good ole American boy. Shît happens, let’s just get on with it until I can make things better.

Just an observation...😎

Yep, a rare commodity.
Too many people now days want someone else to cover their a$$ when things go bad.

The learning curve is going to be very steep for a lot of people in the near future.

A lot of Boeing’s problems seem self inflicted, but we say we want to be independent for security reasons and not rely on manufacturing from other countries. How many other jet manufacturers are in the US?

You can honestly say the private sector has the fat to trim, compared to the public sector?

You are living on fantasy island. Not every corporation lives off government contracts.

Why send money to government employees....that are currently getting a free vacation, with full wage and benefits? I always had a problem with that during government shutdowns. They always got full pay for not working.

Most corporations that receive government contracts are required to meet stipulations......pay rates included.

Don’t send me borrowed gov’t money, period. I don’t need it...... but will be ticked when means testing starts on Social Security.

Send it to those in need only. Definitely not gov’t employees getting a free tax-payer-funded vacation.

Mr. Obvious always says: The private sector pulls the wagon....the public sector rides in the wagon.

Very very well said.

I’ll add just a couple comments...

Last time around they said “too big to fail” but I’d have suggested it was more like “too big NOT to fail”.

I’d also say corporations are us... they’re legal entities made up of people to serve our interests... not the other way around.

This country’s ruling class has been allowed to become corrupted. We need to stop.

Here's a number for you.

If Boeing goes under, 2 million people loose their job.

OK, I'll bite.

Did you mean what you said in your OP?



Gist buddy, gist...........


unless you really meant the whole thing as a joke?


Geno

Looks like the ponzi scheme they have created may be collapsing.... I sure as hell hope so

Folks have mentioned on the 'fire a few times the past couple of days, the Fed govt "taking over" industry during our World Wars.

Could not "We the People" take over Boing and a select few others that are "too big to fail" (remember that from that little banking crisis?). Just for a while? Boing could keep their employees working making medical ventilator parts or something? Polished aluminum backscratchers? AR receivers? "Mag wheels"? Custom monogrammed aluminum TP holders, sized just right for their neighbor Costco's bundles of TP? Anything to keep them employed. And when the situation normalizes again, and travel starts, and planes are necessary, they get to go back into business?

Seems better to me than just handing out "bail out" money.

I need a new backscratcher and don't want to get another bamboo one from...................................China!

Geno

I like the way you think Geno.......
Make them earn it!

............................Well I will try and answer that for you. Making billions of $$$$ gross income does not mean billions of $$$$ on the net income side with billions of $$$$ in the bank.....This holds true with any large company or corporation.

Secondly, after this virus crises is over, then you hope to bring back as many employees as possible who were laid off. As business increases more employees can return to work. If these major corporations such as the airlines as well as all others DO NOT have enough working capital in which to operate fully then you can expect a much longer time period to bring all of their employees back...

So let us assume that no major corporations get a bailout, a grant or whatever. And let us further assume that the federal govt pays the reported $1200 per person x 2 if married plus $500 per child for income earners up to $75K or $100K, $150K or whatever and that is all the payouts from the govt........ So let me ask you this. If these corporations who collectively did employ thousand multiplied by thousands more before the virus, did NOT get any financial assistance, then can you expect all of their laid off employees to return to work ASAP? The answer is no.

Why? Because it takes alot of time to build up working capital and therefore the economy would grow at a much slower rate....Any major corporation has a certain budget in which to operate. If not enough capital then you can expect a slower return of employees until business gets back to normal which could take years......So who suffers if the major corporations cannot return its employees back to work ASAP or bring them back in stages to get them back to work ASAP? Remember too, that it is corporations who EMPLOY people, not the other way around. So they must be on a solid foundation with business moving in order to serve the employees.......Many demCRAPS chastise corporations as being greedy or this or that. All the demCRAPS are doing by blasting corporations,,, is to appeal to their radical socialist anti corporation, anti capitalism nut job base........

Everything mentioned above, also applies to smaller companies as well.....The last thing you want is a much slower or stagnant economic recovery with little to no growth..

Well I guess my economics degree out of college still has some benefits.......lol.....

^^^^^^^^THIS^^^^^^^^

The idea is to prop up business and the economy in general, so when this short term crisis is over, business will be largely intact, thus minimizing restart time.

...............Dats right!!!

Keynesian economic theory believed during down turns in the economy the government should step in with infusions of cash to prime the pump so to speak and keep the economic machine running.
Then during economic good times the government would curtail spending and allow the machine to make hay.
Well the politicians latched onto this and bastardized it and used it as an excuse to spend during good times and bad. Hard to lose an election when you are Santa Claus.... free schit is an easy sale.

Great idea! The first thing that crossed my mind, was retooling to what ever they decide to produce. During WW2 the government helped pay for retooling. And who eats the cost to retool again when this passes! To me it's just a bail out , that keeps people working! Not all bad but still a bailout. Since we're not at war, I have a problem with the government being in business. Kind of goes against what I believe our government is supposed to do!

We should bill China for this mess and scrub it from our debt. They were not good neighbors.

If I owe $5000 dollars I have a problem..... if I owe 50 billion dollars China has a problem... bwahahahahaha

Pretty much.

Remember AIG and GM??

Tax payers made money on both of them.