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

I've been amazed (well not really) during this latest crisis of the lack of preparedness of both people and corporations. I grew up with parents that always had the attitude of being prepared for the worst and if you run into difficulty, you had some basic preparedness and then you worked your way through or around it. I listen to the radio or television of folks that expect at the first sign of adversity or hardship, there should be someone or some entity that's there to get them through it.

I remember as a single guy when I bought my first house. The bank told be I qualified for a mortgage of $1200/mo. I thought they were out of their minds and went and found a house where my mortgage was $725/mo. An amount that if things went down the crapper, I could pay for it by working at a 7-11 to scrape by until I got back on my feet. That's no longer the case with people. They live their lives on the edge and then expect someone to bail them out when it all doesn't go their utopian way.

I'm tired of bailing people out for their bad choices and lack of preparedness. If you borrowed too much for college, shame on you, quit asking me to pay it off with my taxes. If you built a house on the coast and get blasted by a storm, quit asking me to help subsidize your risk with my taxes so you can rebuild. If your business plan didn't address risk mitigation or plan for a rainy day fund, quit asking me prop you up with my taxes.

Folks need to start assuming more responsibility for their own risky deeds and either be prepared to absorb the risk or be prepared to live with the loss from their risk.

Damn straight........ good post

...................Understand.......But if you wish for a thriving economy ASAP with a very low unemployment rate, there are no other options.....Like for all of us, this virus blinded sided everyone unexpectedly. Besides. Trump has not asked for any tax increases at any income level to help pay for all this. The economy needs to be jump started in a huge way, and the only way is with an in-flux of capital to those corporations and smaller businesses who EMPLOY lots of people.

Better move the manufacturing of critical goods back over here before you send them the bill, they fully understand the concept of blackmail.

And then, you will see a revenue surge to the federal govt........Gotta have the revenue. And from where does the govt get its revenue? From working taxpayers. Gotta have them employed.

I understand that Boeing is strategically and economically important. Perhaps a bailout is justified. However, they also bought back many billions of their own stock in the past number of years. They have horribly mismanaged the 737 Max debacle, long before the current crisis.

So how about they reissue the stock they bought back to whoever wants, most likely the US Government, at a price reflective of the appropriate dilution from current market price. The current shareholders (owners) are going to take a huge (50%+) haircut, but at least they won’t entirely lose their investment. When Boeing is out of the woods and the economy is better, the government can sell their ownership over time, hopefully making a fair return for the taxpayers, saving Boeing, and a whole lot of jobs.

I am very much against giving away money at the taxpayer expense. Unless something like I describe is done, we are simply letting Boeing and it’s shareholders privatize the profits and then socialize the losses to the American taxpayer. There needs to be a price for mismanagement and malfeasance.

Shame of it is some states require you to be incorperated even if your a one man operation depending on your trade

Don’t corporations pay State governments for unemployment insurance?

Who pays the public sector unemployment insurance? Normally they are never laid-off, but who has paid.....when they are?

Agreement in spades......😎

Your way is very painful fir a lot of people.

Just sayin

Like “experience is the best teacher”

Sure, but the lessons can be hard.

Maybe look up Pyrrhic Victory

You can win and still lose.
You can be right and still be wrong

...............Yes they do.....Companies and corporations pay more than what is always propagandized by the libTURD left..The funny thing is, is that I can guarantee ya, that millions of demCRAPS within this country work for large companies and corporations. The very people that the libtard left always demonize.......

It should be painful. A kid doesn't avoid touching a stove if he/she didn't feel the pain from burning themselves the first time. Sucks for the kid at the time, but it gives them a lesson that serves them the rest of their life. In reality, it probably teaches a lesson that passes on for generations. My folks went through a lot of hardship (My Dad's folks lost their store in the depression and my mom grew up in Great Britain during WW2). My folks lived their life understanding restraint and responsibility and they passed the trait on to me.

Your 100% correct that we've migrated away from having to face any kind of hardship. I'll admit, I see it in my own young kids too. That's the inherent fault of being a parent, you never want to let your child fail, so therefore you never let them learn a hard lesson.

We need a culture shift back to people feeling the results of their actions, rather than someone else feeling the result of their actions. The same holds true for businesses. Before any of them have really made any effort to weather any storm, they're already crying for federal bailouts.

You're tough!

My granddad used to say "America needs another good recession to teach people the value of work!"

I asked him, "did you enjoy the Great Depression, really?"

He said "Hell no!"

"So you want to do that all over again?"

He smiled, and at 19 years old, I won respect from a tough man.


In theory, i can relate to what you are saying, but a lot of people will suffer needlessly. Is that worth it?

This.

I will add, every business that wants a bailout should be required to run every employee through E-Verify before any money is handed over.

Someone is going to have to suffer sooner or later.

Our approach to all this reminds me of how we have “managed forests” against fire as fuel builds to the point that when there is a fire the soil burns and there is nothing left but a wasteland.

Our unwillingness to suffer discomfort in the last crisis will cause us to make tougher choices now, but we’ll take the easy way again, punting to the next generation...

Eventually we’ll burn to such an extent recovery will be more like mad max than the great depression.