@ISIDEWITHQuestionseconomyStarted 5yrs agoActive 2wks ago

Should the government acquire equity stakes in companies it bails out during a recession?

A state-owned enterprise is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. During the 2020 Coronavirus outbreak Larry Kudlow, the White House’s top economic advisor, said the Trump administration would consider asking for an equity stake in corporations that needed taxpayer aid. “One of the ideas is, if we provide assistance, we might take an equity position,” Kudlow said Wednesday at the White House, adding that the 2008 bailout of [the automaker General Motors] had been a good deal…  

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Answer Overview

Response rates from 2.8k Canada voters.

59%
Yes
41%
No
50%
Yes
31%
No
6%
Yes, the government should receive equity for any financial aid they provide to companies
8%
No, the government should never own shares of private companies
2%
Yes, but divest over time after 'repayment' is obtained.
1%
No, this impedes technological progress due to competition being stifled
1%
No, and the government should never bail out companies during a recession

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Other Popular Answers

Unique answers from Canada voters whose views went beyond the provided options.

 @9DQSF44from Alberta  answered…2yrs2Y

Yes, the government should receive equity for any bail outs as well as dividends or interest on assistance until the capital is paid back.

 @9FV8FSF from Ontario  answered…1yr1Y

The government should not bail out companies during recession since it causes companies to avoid the consequences of their actions.

 @8K276B5from British Columbia  answered…4yrs4Y

All companies should be publicly owned

 @8J9BRWLfrom Quebec  answered…4yrs4Y

Yes, but just fully nationalize most large corporations anyway

 @9CCW93Pfrom Manitoba  answered…2yrs2Y

No companies should be nationalized

 @B38K4D7 from Washington  answered…2wks2W

No. They should be required to payback the bail out, yes. But the government should essentially have a reserve bank for bail outs, and use any payments to only fill up that reserve. If it drops to a low percentage, adjust regulations for temp matters. When above a percentage adjust again. If 0% reserve, no bail outs. If 100% reserve, charities.

 @B29TC2Jfrom Quebec  answered…2mos2MO

Not at all, because the only companies the government would ever bail out are the ones that align with their agendas.

 @B292M3Pfrom British Columbia  answered…2mos2MO

If government is forced to bail out or subsidize a company/corporation, the government should then become a shareholder of the company/corporation.

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 @ISIDEWITH submitted…4mos4MO

Peace Over Party: Arab American Leaders Stun Democrats with Mass Trump Endorsement

Former President Trump earned endorsements from "highly respected" Muslim leaders and Imams during a campaign rally in the battleground state of Michigan. Trump, speaking to a crowd in Novi, Michigan, on Saturday afternoon, called the group of Muslim leaders "highly respected," before bringing them onstage."I’m thrilled to accept the endorsement of these highly respected leaders," Trump told the thundering crowd.The group of leaders cited Trump’s commitment to ending wars and ensuring global peace as a primary reason for their support, describing him as a leader who "promises peace, not war.""We, as Muslims, stand with President Trump because he promises peace, not war!" Imam Belal Alzuhairi said. "We are supporting Donald Trump because he promised to end war in the Middle East and Ukraine," Alzuhairi said. "The bloodshed has to stop all over the world, and I think this man can make that happen. I personally believe that God saved his life twice for a reason.""We're going to stop the wars, we're going to make the United States safe again, and we're going to make the world safe," Bazzi said."What a nice endorsement," Trump said after Bazzi’s speech. "These are great people."The Muslim leaders official endorsement came after Amer Ghalib, the mayor of the Detroit-area suburb Hamtramck, announced his support of Trump in a Facebook post on Oct. 20."Though it’s looking good, he may or may not win the election and be the 47th president of the United States, but I believe he is the right choice for this critical time," Ghalib wrote in Arabic on his Facebook page. "I’ll not regret my decision no matter what the outcome would be, and I’m ready to face the consequences. For this, and for many other reasons, I announce my support and endorsement for the former, and hopefully, the next President of the United States, Donald Trump."Ghalib’s endorsement of Trump comes after the two met in Flint earlier this week for a private 20-minute conversation. Ghalib told The Detroit News that Trump "knew a lot about me before the meeting." "We talked about various topics including the debates, the polls updates, the statistics of votes in Michigan and Wayne County, the Arab American concerns and the Yemeni Americans in particular. We also talked about the situation in Yemen," Ghalib said.

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Active 7hrs ago

 @ISIDEWITH submitted…3mos3MO

Defense Bill Blocks Transgender Care To Minors

The Senate on Wednesday gave final approval to a defense policy bill directing $895 billion toward the Pentagon and other military activities, moving over the objections of some Democrats who opposed a provision added late in the negotiations that would deny coverage for transgender health procedures for minors.The 85-to-14 vote, coming a week after a divided House passed the same measure, cleared the bill for President Biden’s signature.Most Republicans and many Democrats supported the measure, which provides a 14.5 percent pay raise to junior enlisted service members and a 4.5 percent pay raise for all other service members. It also expands access to meal assistance, housing and child care programs that benefit those in uniform.But several Democrats withheld their backing in protest of a provision preventing TRICARE, the military’s health care plan for service members, from covering “medical interventions for the treatment of gender dysphoria that could result in sterilization” for children under 18.The language, which would affect the gender-transitioning children of service members, was recently added to the measure at the insistence of Speaker Mike Johnson, Republican of Louisiana, who refused to bring a defense bill to the House floor without it, according to aides familiar with the negotiations.Twenty-one Democrats, led by Senator Tammy Baldwin of Wisconsin, proposed an amendment to strip the provision from the bill, but the matter was never brought to a vote. Several of them took to the floor on Tuesday to lodge their objections.“It’s flat-out wrong to put this provision in this bill and take away a service member’s freedom to make that decision for their families,” Ms. Baldwin said, estimating that the provision could negatively affect as many as 6,000 to 7,000 military families.

▲  2019 replies4 agree1 disagree6