@ISIDEWITHQuestionseconomyStarted 5yrs agoActive 2mos 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 559 British Columbia voters.

60%
Yes
40%
No
52%
Yes
31%
No
6%
Yes, the government should receive equity for any financial aid they provide to companies
6%
No, the government should never own shares of private companies
2%
Yes, but divest over time after 'repayment' is obtained.
2%
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 British Columbia 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…2yrs2Y

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

 @8K276B5from British Columbia  answered…5yrs5Y

All companies should be publicly owned

 @8J9BRWLfrom Quebec  answered…5yrs5Y

Yes, but just fully nationalize most large corporations anyway

 @9CCW93Pfrom Manitoba  answered…2yrs2Y

No companies should be nationalized

 @B38K4D7 from Washington  answered…2mos2MO

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…3mos3MO

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…4mos4MO

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…6mos6MO

Trump hits ‘nasty’ Michelle Obama at Atlanta rally

Former President Trump attacked former first lady Michelle Obama during his rally in Atlanta on Monday, calling her “nasty” after Obama lobbed attacks at the former president while stumping for Vice President Harris.“You know who’s nasty to me? Michelle Obama,” Trump told supporters in Atlanta.“I always tried to be so nice and respectful. Oh, she opened up a little bit of — a little bit of a box. She opened up a little bit of something. Oh, she was nasty. Shouldn’t be that way. That was a big mistake that she made,” he added.His remarks come after Obama criticized Trump during a Michigan rally on Saturday, at one point mentioning “Donald Trump’s gross incompetence.”“I hope that you’ll forgive me if I’m a little angry that we are indifferent to his erratic behavior, his obvious mental decline, his history as a convicted felon, a known slum lord, a predator found liable for sexual abuse, all of this while we pick apart Kamala’s answers from interviews that he doesn’t even have the courage to do, y’all,” she said in Kalamazoo, Mich.The heated rhetoric underscores the increasingly personal tone the presidential election has taken between the two campaigns roughly one week out from the election.An aggregate of national surveys compiled by The Hill/Decision Desk HQ shows Harris slightly ahead at close to 49 percent support while Trump is at 48 percent.

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 @ISIDEWITH submitted…5mos5MO

Texas Offers Trump 1,400 Acres for His Mass Deportation Dream

Officials in Texas have offered President-elect Trump a 1,400-acre ranch for his mass deportation plan.Dawn Buckingham, land commissioner of the Texas General Land Office, said in a letter to Trump Tuesday that her office was “fully prepared” to work with federal agencies that are going to be involved in Trump’s immigration plan, and specifically deportation.Buckingham offered Trump a 1,402-acre lot in Starr County. The lot is owned by the Texas General Land Office and is roughly 35 miles west of McAllen, Texas.She said the agency is ready to work with the Department of Homeland Security and Immigration and Customs Enforcement (ICE) or the U.S. Border Patrol to build a facility on the land for “the processing, detention, and coordination of the largest deportation of violent criminals in the nation’s history.”“I am committed to using every available means at my disposal to gain complete operational security of our border,” Buckingham wrote.The letter and offering of land were first reported by The Texas Tribune. Last month, the state bought the land along the U.S.-Mexico border and has plans to build a wall.In the letter, Buckingham criticized her predecessor for not allowing a border wall to be built on the property. Those actions “enabled cartel members and violent criminals to sexually abuse migrant women and children on this land,” she said.On Monday, Trump signaled he would declare an immigration national emergency and use military assets to support his mass deportation plan when he returns to office.

▲  1625 replies

Active 2 days ago

 @ISIDEWITH submitted…6mos6MO

Trump’s Puerto Rico Problem Erupts in Pennsylvania: Latino Voters Fire Back

Donald Trump has a serious Puerto Rico problem — in Pennsylvania.Many Puerto Rican voters in the state are furious about racist and demeaning comments delivered at a Trump rally. Some say their dismay is giving Kamala Harris a new opening to win over the state’s Latino voters, particularly nearly half a million Pennsylvanians of Puerto Rican descent.Evidence of the backlash was immediate on Monday: A nonpartisan Puerto Rican group drafted a letter urging its members to oppose Trump on election day. Other Puerto Rican voters were lighting up WhatsApp chats with reactions to the vulgar display and raising it in morning conversations at their bodegas. Some are planning to protest Trump’s rally Tuesday in Allentown, a majority-Latino city with one of the largest Puerto Rican populations in the state.And the arena Trump is speaking at is located in the middle of the city’s Puerto Rican neighborhood.“It’s spreading like wildfire through the community,” said Norberto Dominguez, a precinct captain with the local Democratic party in Allentown, who noted his own family is half Republican and half Democratic voters.“It’s not the smartest thing to do, to insult people — a large group of voters here in a swing state — and then go to their home asking for votes,” Dominguez said.The timing couldn’t be worse for Trump. Almost a week before Election Day, he’s pushing to cut into Harris’ margins among Latinos, especially young men who are worried about the economy. But the comments from pro-Trump comedian Tony Hinchcliffe Sunday night, referring to Puerto Rico as a “floating island of garbage,” has reverberated throughout Pennsylvania and elsewhere, prompting even the former president’s Republican allies to defend the island and denounce the comments. And with the race essentially a toss up, every vote counts — especially in Pennsylvania.“This was just like a gift from the gods,” said Victor Martinez, an Allentown resident who owns the Spanish language radio station La Mega, noting some Puerto Rican voters in the area have been on the fence about voting at all.

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