The trade-off. Govt bails out a corporation that provides many jobs, so it can compete against sharks in the globalized market who gobble up companies until, having no competitors, imports are required for all goods, and the US sanctioned with tariffs and/or jacked up prices; nothing is affordable--where we are today. Companies that receive such support should not be able to relocate headquarters, or rely on low wage workers overseas, or prison labor; they should be required to employ US workers at living wages and benefits, always and forever, after such a bailout.
Posted on: Mon, 06 Oct 2014 22:11:44 +0000
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