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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byviperidaenz ( 2515578 ) writes:
These people don't seem to understand that China is not capitalist.
The Government won't allow it. They'll fund failing companies, write off debts, what every they want to keep things going.
All of these companies have Government representatives on their boards. A large number are partially Government owned.
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byDrMrLordX ( 559371 ) writes:
The Soviet Union didn't allow economic collapse either.
byndsurvivor ( 891239 ) writes:
That approach worked in the 1930's, oh wait.
byblue trane ( 110704 ) writes:
What if the Fed had bailed out banks with printed money in the 1930s? Isn't that what Bernanke advised?
byndsurvivor ( 891239 ) writes:
I think that, in general, during recessions, the government should do deficit spending, and when the economy is doing well, the government should run surpluses and paying down debt.
byndsurvivor ( 891239 ) writes:
Ignoring the reference to the Oligarcy presently running America, I do find it kind of 'offensive' about Republicans behavior. They seem to tank the economy every time, and the Democrats fix it. When Bush Jr. got in office and saw a surplus, he immediate gave huge tax cuts to the Rich, and ran deficits again. Obama fixed the next crisis, Biden the next. Now more tax cuts for the Rich.
Something the Covid Crisis did show me is that the quickest, and best way to get out of a recession, is to give dire
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byshilly ( 142940 ) writes:
Are you fucking kidding?
Tell me this: which government has actually funded bailouts of car companies repeatedly over the past 40 years: the Chinese or the US? The Chinese government has been clear for years that it wants a thriving EV sector and that requires consolidation in the coming years.
The projection is just off the charts.
It is the *US* auto industry that has been propped up forever by the US government, including fighting literal wars to keep the gas flowing.
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byshilly ( 142940 ) writes:
First, the US government has bailed out the US auto industry repeatedly:
1. 1979, Chrysler bailout, 1.5bn, plus looser credit and trade protections that benefited Ford in particular and helped it avoid formal insolvency
2. 2008/9, GM & Chrysler bailouts, 60bn+, plus regulatory flexibility, Fed credit facilities, and supplier rescue programs that benefited Ford in particular
3. 2020, credit and payroll support, 10s bns+, plus Fed corporate-bond purchasing programs, which kept credit markets open (Ford raise
byshilly ( 142940 ) writes:
Stupid fucking racism. I live in the UK, you idiot, because not every critic of the US government is automatically a member of the CCP, despite your fevered little defensive wank-fantasies to the contrary.
The worst part about you idiot racists, apart from the pusillanimity, is your unmatched lack of intellect, as evidenced by this post of yours.
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byRodolpho Zatanas ( 986694 ) writes:
The Government won't allow it. They'll fund failing companies, write off debts, what every they want to keep things going.
You mean like every "Western" country does? Well except for Iceland. Props to them.
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