So why is it when some private businesses get into trouble finacially, they run to the government looking for money. Why is it us the people that have to bail out businesses. Currently there are a group of auto part manufactures that are looking to the government for some help. They are asking for $400 million. Now from what I have been able to find out they are looking for the money so they can buy new equipment. Saying that the new equipment will make them more competitive. Sure this is possible that new equipment would make them more competitive, but why should we (since the government gets the money from us the tax payers) bail them out. Perhaps they should suck it up like every other business and come up with a proper business plan.
Maybe the criteria should be that they have to sell their idea and business plan to a bank in order to qualify for a loan. I don't have a problem with helping out businesses because I understand the the more successful businesses we have the better our economy will do. But they are asking us to blindly hand out money. I don't agree with this. What would the consequences be if they still go out of business and cannot repay the loan? Does the government just write it off as a bad business investment?
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