Tag Archives: economy

Who would benefit from a government bailout?

song chart memes

It’s funny ’cause it’s true.  I’ve been thinking about this $700,000,000,000 since it was announced.  Where did this come from?  Why do the people who caused the crisis in the first place get such a bailout?  And where was this $700,000,000,000 when Bono & Co. were working on Third World debt relief? Why should the U.S. economy (or the Canadian economy for that matter) be bailed out, but not Third World economies.

It bothers me that this money is available, but it is brought out for purely political reasons.  I know there’s probably more to this than I understand: I’m not a finance and investment guy.  But still:  $700,000,000,000 is a lot of money to pull out of your arse just like that.

I guess that’s the perk of being a billion dollar corporation.  You can bring thousands of people and businesses to financial ruin, but the government will bail you out.

I think I’m an idealist—or I should be.  I think that might be my sermon topic this week: should Christians be idealists?  Were Jesus’ commands and way of life simply options for us to accept or reject?