Buddy, it was theft by the capital ownership class. The money didn't just evaporate. Houses in 2008 were STOLEN from property owners by the banks and the banks got bailed out. Save your bootlicking bullshit.
Businesses were forced by the government to close during the pandemic with considerable losses in revenue/income. Who would own the US auto industry or would it have crashed completely? During the pandemic, the median household (two adults and two kids) received around $11,400, so it wasn't nothing.
Learn how to craft a coherent thought. You just jump from the pandemic to the auto industry bailout, huh? Like, wtf are you even trying to say. Youre just babbling.
OP made a list. I just did some bullet points formatted differently and in a non-linear timeline. So? I'm sure you could figure it out.
The auto industry bailout saved some potential 1.2-1.5m jobs and the industry represented 5% of total GDP. An estimated dozen major banks would have gone under, representing 15% of GDP, and radically reshaping the economic landscape, especially for those most vulnerable down the line. Save a few businesses and banks, so they can back to business as usual and paying employees as usual, or try to create jobs for millions and pay never ending relief? Hmmm. Restructuring millions of loans, so people and the bank were each bailed out?
Why did the banks get to be bailed out AND also get to foreclose on all the bad loans for which they were bailed out? It should have been pick one, accept a bailout and all the bad loans go away or keep doing business like you do and no bailout money for you.
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u/Oakl4nd 7h ago
Who do you think suffer if those banks didn't get bailed out?