They're a huge part of US economy, its existence is essential to US financial stability.
An economy only works if it's allowed to fail. I mean, if the foundation is damaged you don't just keep gluing on butresses
Yeah, no. Economics is a complex thing, if subsidies could never be useful, then a business loan must never get businesses off the ground. As it happens, a bit of cash injection allows necessary moves to be made to make sales more viable.
Economies that prop up a country can't be allowed to fail unless you want to surrender GDP leadership.
A few cash injections are important, that's what loans are - not government subsidies. This is the guv saying that your taxes pay to build a failing product, and not a more profitable product.
If GM fails, the economy takes a huge hit. There is no company the government can fund that can make enough profit to offset the loss of GM. This is what "too big to fail" means. ---
Doctor Foxx posted... The demonizing of soy has a lot to do with xenophobic ideas.