Can you imagine the screams of, “COMMUNISM!!!” If Obama or Biden had done this. It’s all we would hear about for an entire election cycle. Fox “News” would play it nonstop.
Ah but a bailout package is different. That’s a display of powerful capitalism. A private company so powerful it can’t be allowed to fail and a government so strong it won’t allow it to fail.
Funny, when Europe does this, it’s called “socialism”.
Can you imagine the screams of, “COMMUNISM!!!” If Obama or Biden had done this. It’s all we would hear about for an entire election cycle. Fox “News” would play it nonstop.
Didn’t Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
Ah but a bailout package is different. That’s a display of powerful capitalism. A private company so powerful it can’t be allowed to fail and a government so strong it won’t allow it to fail.
It was Bush just before he left office.
And when China and Arab states do it, it’s something to aspire.
Yes and no. In this context, it’s more of a shakedown-sorta thing.