Quote:
Originally Posted by BarnabusCollins
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Why you think they bailed out banks thats shouldve crashed and car companies that shouldve crashed. Huge stock profits. Using taxpayer cash. Purely criminal. Both parties.
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So yeah its not ideal but when an industry becomes so large that it is a big slice of the nation's economy, it cannot be allowed to fail. The tech sector was big back then, but nothing close to what it is today.
So car companies (and the hundreds of thousands of jobs provided by them, their suppliers, manufacturers etc) cannot be allowed to fail. The same as the tech sector cannot be allowed to fail, or even slow down. They know it, and are leveraging their businesses politically. Put zuckerberg in front of congress every day if you want. This nation has still become beholden to the big tech sector.
Big banks? nobody likes em, however the economic impact of them crashing sends the nation back to a village based economy.
To put it simply, a healthy economy requires money to change hands, as frequently as possible. I have to be able get paid, and I have to be able pay you for goods/services.