Australian Politics Forum - Bail outs for big corps or let them fail ?

Baronvonrort

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Re: Bail outs for big corps or let them fail ?
Reply #15 - Mar 22^nd, 2020 at 12:44pm

The_Barnacle wrote on Mar 22^nd, 2020 at 12:09pm:

Just like the GFC again

Privatizing profits and socializing losses

Nothing like the GFC

These shutdowns with companies that were making a profit happened because the government ordered them to stop.

Would you prefer Qantas continued to fly in and out of China and around the world so they don't go broke?

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John Smith

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Re: Bail outs for big corps or let them fail ?
Reply #16 - Mar 22^nd, 2020 at 5:03pm

freediver wrote on Mar 22^nd, 2020 at 7:57am:

John Smith wrote on Mar 21^st, 2020 at 7:12pm:

freediver wrote on Mar 21^st, 2020 at 5:53pm:

The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off.

or, if they're profitable, keep them and use the profits to help balance the books

The idea is not to sneak back towards socialism. Just to ease the crash.

Thats your idea, not mine

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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freediver

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Re: Bail outs for big corps or let them fail ?
Reply #17 - Mar 22^nd, 2020 at 5:48pm

John Smith wrote on Mar 22^nd, 2020 at 5:03pm:

freediver wrote on Mar 22^nd, 2020 at 7:57am:

John Smith wrote on Mar 21^st, 2020 at 7:12pm:

freediver wrote on Mar 21^st, 2020 at 5:53pm:

The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off.

or, if they're profitable, keep them and use the profits to help balance the books

The idea is not to sneak back towards socialism. Just to ease the crash.

Thats your idea, not mine

You are confused. I suggested selling them off. You suggested retaining ownership.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 83653 Proud pre-1850's NO Voter Gender:	Re: Bail outs for big corps or let them fail ? Reply #18 - Mar 22^nd, 2020 at 6:18pm freediver wrote on Mar 21^st, 2020 at 5:53pm: The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off. Yeah - nationalise the bloody lot and then auction them off.... make a killing on the market...
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged

Gnads Gold Member Offline Australian Politics Posts: 29245 Gender:	Re: Bail outs for big corps or let them fail ? Reply #19 - Mar 22^nd, 2020 at 6:21pm freediver wrote on Mar 21^st, 2020 at 5:53pm: The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off. with taxpayers money ... that's all they have.
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tickleandrose Gold Member Offline Australian Politics Posts: 4005 Gender:	Re: Bail outs for big corps or let them fail ? Reply #20 - Mar 22^nd, 2020 at 6:44pm Good time to nationalize Qantas, Commonwealth bank, Melbourne and Sydney Airport I say.
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John Smith

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Re: Bail outs for big corps or let them fail ?
Reply #21 - Mar 22^nd, 2020 at 7:28pm

freediver wrote on Mar 22^nd, 2020 at 5:48pm:

John Smith wrote on Mar 22^nd, 2020 at 5:03pm:

freediver wrote on Mar 22^nd, 2020 at 7:57am:

John Smith wrote on Mar 21^st, 2020 at 7:12pm:

freediver wrote on Mar 21^st, 2020 at 5:53pm:

The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off.

or, if they're profitable, keep them and use the profits to help balance the books

The idea is not to sneak back towards socialism. Just to ease the crash.

Thats your idea, not mine

You are confused. I suggested selling them off. You suggested retaining ownership.

We already have state owned businesses dopey, are you going to claim we're socialists? Cheesy

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Karnal

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Re: Bail outs for big corps or let them fail ?
Reply #22 - Mar 22^nd, 2020 at 7:55pm

Baronvonrort wrote on Mar 21^st, 2020 at 8:18pm:

John Smith wrote on Mar 21^st, 2020 at 3:30pm:

it's times like this the die hard capitalists cry out for socialism Cheesy

When the government orders businesses to shut down due to the Kung Flu then the government has some responsibility in keeping them viable for when we're over this Kung Flu pandemic.

Are you going to boot out those imaginary tenants you have in your imaginary rental property if they can't pay the rent due to losing job in this crisis?

Excellent question, Baron. Do landlords kick tenants out when they can't afford to pay the rent?

Does China owe us for spreading their Kung flu?

These are the questions of our times, no?

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Karnal

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Re: Bail outs for big corps or let them fail ?
Reply #23 - Mar 22^nd, 2020 at 8:03pm

freediver wrote on Mar 22^nd, 2020 at 7:57am:

John Smith wrote on Mar 21^st, 2020 at 7:12pm:

freediver wrote on Mar 21^st, 2020 at 5:53pm:

The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off.

or, if they're profitable, keep them and use the profits to help balance the books

The idea is not to sneak back towards socialism. Just to ease the crash.

Sounds like you believe in a range of social and political methods applied to different circumstances.

How cunningly spineless of you, FD. Do you know what you are?

You're a pragmatist.

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freediver

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Re: Bail outs for big corps or let them fail ?
Reply #24 - Mar 22^nd, 2020 at 8:46pm

John Smith wrote on Mar 22^nd, 2020 at 7:28pm:

freediver wrote on Mar 22^nd, 2020 at 5:48pm:

John Smith wrote on Mar 22^nd, 2020 at 5:03pm:

freediver wrote on Mar 22^nd, 2020 at 7:57am:

John Smith wrote on Mar 21^st, 2020 at 7:12pm:

freediver wrote on Mar 21^st, 2020 at 5:53pm:

The government should buy them out, partially or wholly, keep them running till the panic is over, then sell them off.

or, if they're profitable, keep them and use the profits to help balance the books

The idea is not to sneak back towards socialism. Just to ease the crash.

Thats your idea, not mine

You are confused. I suggested selling them off. You suggested retaining ownership.

We already have state owned businesses dopey, are you going to claim we're socialists? Cheesy

We are gradually getting rid of them, because we are not socialists. Except for the odd one who leaps any opportunity they see for the government to start running businesses again.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Sir lastnail

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Re: Bail outs for big corps or let them fail ?
Reply #25 - Mar 22^nd, 2020 at 9:46pm

Baronvonrort wrote on Mar 21^st, 2020 at 8:18pm:

John Smith wrote on Mar 21^st, 2020 at 3:30pm:

it's times like this the die hard capitalists cry out for socialism Cheesy

When the government orders businesses to shut down due to the Kung Flu then the government has some responsibility in keeping them viable for when we're over this Kung Flu pandemic.

Are you going to boot out those imaginary tenants you have in your imaginary rental property if they can't pay the rent due to losing job in this crisis?

and when they contaminated everyone trying to maximize their proifits who is responsbile for a class action that sends them broke ?? Tax payers again ?

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Captain Nemo Gold Member Offline Australian Politics Posts: 9830 Melbourne Gender:	Re: Bail outs for big corps or let them fail ? Reply #26 - Mar 22^nd, 2020 at 9:56pm Wow. Suggesting big corporations should go to the wall? How many more thousands of people would be out of a job then? If you lose your job in a recession, it is really hard to get back into the workforce afterwards.
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philperth2010 Gold Member Offline Australian Politics Posts: 20064 Perth Gender:	Re: Bail outs for big corps or let them fail ? Reply #27 - Mar 22^nd, 2020 at 10:06pm The free market is not so free after all....When self interest is in jeopardy Socialism is not such a bad idea after all....As long as it supports the rich and not the poor???
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Captain Nemo

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Re: Bail outs for big corps or let them fail ?
Reply #28 - Mar 22^nd, 2020 at 10:14pm

philperth2010 wrote on Mar 22^nd, 2020 at 10:06pm:

The free market is not so free after all....When self interest is in jeopardy Socialism is not such a bad idea after all....As long as it supports the rich and not the poor???

Roll Eyes

Not so much Socialism as applying some required CPR to a critically sick Capitalist entity. Wink

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The 2025 election could be a shocker.

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philperth2010

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Re: Bail outs for big corps or let them fail ?
Reply #29 - Mar 22^nd, 2020 at 10:21pm

Captain Nemo wrote on Mar 22^nd, 2020 at 10:14pm:

philperth2010 wrote on Mar 22^nd, 2020 at 10:06pm:

The free market is not so free after all....When self interest is in jeopardy Socialism is not such a bad idea after all....As long as it supports the rich and not the poor???

Roll Eyes

Not so much Socialism as applying some required CPR to a critically sick Capitalist entity. Wink

Holden should have waited instead of pulling out of Australia....They could have made money for doing nothing???

Huh

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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

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