There Are No Problems, Just Solutions!
I remember once hearing a manager wannabe say, "There are no problems, just solutions!"
Now it seems, that any big company that many people depend on – either by employment or by contracts, or use it for a lending base, if the money goes sour, the domino effect is feared, causing a wide spread money black-hole.
Which then, it is felt, that to prevent an economic chaos, the government needs to jump in and bail them out.
So, if the government puts up the money to bail them out, then, I think technically, the government becomes one of the major stock stockholders of the company. I would think that is what is called socialism with the disguise of capitalism.
The rate things are going now the government could be the principal stockholder of many large corporations.
Where is the money coming from to save all these corporations? The government (which is owned by “We the People”) has already spent itself almost out on recent wars. Of course the first thought is raise the taxes but raising taxes has already been deemed too liberal and morally wrong – even though we do owe the money.
I doubt if anyone wants to pass down our debts for our children and grandchildren to pay – if that isn’t a no-no it should be. If we just ignore the problem,then it may happen by default.
Another way for the government to come up with the money is to sell bonds to big money countries such as China, Japan, and Germany. Then, possibly in the long run, they might own the U.S. and all its companies it just acquired.
I know! We will cut benefits for the poor and the elderly.
See? There are no problems! Just a wide choice of solutions!