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, the market results in all companies except one folding or being bought, no competitors, imports required for all US goods, and the US sanctioned with tariffs and/or jacked up prices; nothing is affordable--where we are today. The market minus fairness regulation means one giant fish swallows all the smaller ones. In a global market (post NAFTA) US regulation alone wont make the market fair--only international/global regulation can solve un-level market playing fields. Companies that receive US government welfare should not be relocating headquarters, or rely on low wage workers overseas or prison labor; they should be required to employ US union workers at living wages and benefits, always, after such a bailout. Full time workers should never need welfare.
Posted on: Mon, 06 Oct 2014 22:55:21 +0000
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