Rick, what's the gag? I’m a capitalist, I agree with everything you are sayingRickD wrote:Well Danny, the problem with the govt bailing out companies, is that once the govt helps financially, big bro now has some control over said company. Which in turn gets closer to socialism or govt controlled business, and further away from private business. The argument against govt bailouts, is letting the market dictate which companies fail or succeed. The companies that are fiscally responsible, and can adapt to the changing times, are the ones that come out of a down economy stronger than ever. They don't need to be rewarded by the govt for making bad business decisions. For example, our beloved pres Obama, said if the govt didn't bail out GM & Dodge, the country would collapse. In many peoples eyes, those companies drove themselves into bankrupcy because of irresponsible business decisions.
I’m talking about private charitable organisations
I’m not advocating government bail out a failed company in the market place
A failed company in the competing market has no right to be in the market
A Christian organisation, which is non competitive and non profit, yet shows that it is not a burden but rather very positive for the economy must not be allowed to wither away
Ditto secular charitable non profit organisations
Ditto other-religious charitable non profit organisations
It just makes good economic sense, no?
What's the downside to this?