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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (768993)	2/11/2014 1:55:21 PM
From: i-node	1 Recommendation Recommended By dave rose Read Replies (1) \| Respond to of 1577224

>> Why do you consider a paid back loan a bailout? >> We made $12M on the deal. Maybe they should have paid us back in stock. Because under normal circumstances I do not believe government should lending money to business. It IS a bailout when a government makes a loan to a business. I've seen a lot of them in my time. There is no taxpayer interest in such a bailout. Taxpayers took a huge risk (see: Solyndra) and that is not the purpose for which my tax money was purportedly taken. As a taxpayer, I am not willing to have money taken for that purpose. It is bad from a public policy standpoint to have bureaucrats choosing which businesses succeed and which fail, which is effectively what these loans do. I realize you know nothing about business, but the most important single factor in starting a business is access to capital. If bureaucrats can grant favors to those they like by lending them money, it disadvantages those who aren't part of the political elite. It is how democracies become fascist dictatorships.