Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (286120)	8/13/2002 2:02:56 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

Yes, the Chrysler bailout bonds were paid back (and the interest), but there are too many other examples where government ham-handed Industrial Policies have fallen flat on their face and merely wasted taxpayer money. I was pointing out that the Chrysler bailout (perhaps we should note here that it's now a German company...) was one of the many bailout examples where I have heard the cry raised that a company is "too big to be allowed to fail". My only point is that this is manifestly unfair to the small companies in America (who collectively account for 80% of all job growth). By bailing out dinosaurs we give the slowest, least innovative portions of our economy an unfair advantage over the rest of the economy. Although in many cases bailouts succeed in the short run, in the long run they also do damage to the economic growth prospects of the entire country... in ways that are often not appreciated.