Comment by signatoremo

6 months ago

You need to study history. US government is no stranger in getting stakes in businesses. Did you already forget the Great Depression?

https://www.investopedia.com/articles/economics/08/governmen...

5 comments

signatoremo

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bink  6 months ago

We aren't anywhere close to being in a depression though. What extraordinary situation requires the government to take a stake in a public company and under what conditions will this position be liquidated?

  • rpmisms  6 months ago

    We are very close to being in a depression. Most of our money has nothing to do with actually feeding or housing people. If the wrong thing shifts, we're toast.

    • bink  6 months ago

      The unemployment rate is still near historic lows and while new job numbers are getting worse they're still positive overall. We aren't anywhere close to being in a depression currently.

      1 reply →

  • meowky  6 months ago

    > We aren't anywhere close to being in a depression though.

    This may be true in the economic sense. But “depression” is as much a political sensation as it is a technically defined economic term. We happen to live in an era where economics for the public is profoundly politicized.