Bailout
Generically, a bailout is a donation, giving financial assistance to a failing business, industry, or economy in order to save it from collapse.
A bailout most often relies on the love and kindness of a strange government's assistance (taxpayers footing the bill). The bailout of Chrysler in the 70s, and then GM in 2008, are well-known examples of taxpayers enabling a failing business time to turn around their situation. How would you guess Ford feels about that bailout, by the way?
Pundits suggested during the Great Recession that the capitalist system is based on the survival of the fittest. In that sense, strong companies succeed while weak companies fail.
Bailout is a dirty word to many (especially those who work hard to build a better life and pay taxes). Those of that opinion are prone to exclaim "Let ‘em fail if they can't make money!"
Related or Semi-related Video
Finance: What is a Bailout?15 Views
Finance allah shmoop what is a bailout I'm sinking Yeah
this poor guy needs a bailout he's general motors in
two thousand nine he's greece pretty much always he's illinois
in california at some point this next decade Well a
bailout generally refers to a more well heeled well financed
the mama figure coming in to pay the bills of
the derelict deadbeat who misstepped and well now can't make
payroll The notion of a bailout is a politically charged
one You can imagine that ford wasn't very happy about
gm getting such a gift when obama bailed them out
courtesy of a gift from us taxpayers Yes the bailout
save gm worker jobs for a while but it also
said a frightening precedent in this country like what happens
when the next company manages itself poorly Well the feds
come in and just bail it out as well with
no real consequences Well given the ford competes directly with
gm and ford got no bailout how would you guess
those workers feel Yeah henry is turning in his grave
A bailout of greece revolves around its role as a
kind of edgy international chess piece like right between the
west and the east kind of like if the west
doesn't bail out greece will china russia saudi arabia will
greece is kind of the new cuba in that chess
game as the u s and russia tussled over the
management of cuba dot com in the sixties you know
bay of pigs and all that but greece well simply
put does not manage itself well It allows for ah
highly unionized thirty two hour work week with six to
eight weeks of vacation a year And greece has a
history of corruption where the wealthy have easy legal vehicles
behind which to hide their earnings so they pay little
or no taxes Is it fair to say other countries
who work their butts off to just keep bailing out
greece Well then we have california and illinois states both
likely to go bankrupt in the next decade or so
swimming under massive government pension liabilities Is it fair to
take money from the disciplined balanced budget states like utah
and wyoming in florida and texas and just give that
money to the derelicts in california and illinois Why would
that be fair utah florida and texas and the gang
Don't buy everything they want They respect their budgets but
some states don't When it's your tax dollars being given
over in a bailout and it'll be interesting to track
how you feel Politically everyone loves to bail out cute
looking derelicts with other people's money When it's your own
maybe not so much looking at hypocrisy Dot com khun 00:02:41.62 --> [endTime] khun lead by that website Oh
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