Reasons for the Government Bailout of Private Businesses and Industries

Topics: Unemployment, United States, Wall Street Crash of 1929 Pages: 2 (494 words) Published: April 14, 2013
Government bailout of private business/industry
There are many reason why the government bailout industry and Wall Street. I will show why they didn’t bailout every one. There are many reasons for that because we would have gone bankruptcy the United States. Reason one is the government bailout Wall Street are the economic would have fall out and would be for American. The depression of 1929 was bad but the depression 2008 would have been worst. The unemployed was high in 2008 but it was high in 1929 there were 25 percent unemployed then. Wall Street was bad but in 1929 the market fell 75 percent. We would still be in the depression if the government did not help them. In 2008 the unemployed rate was at 6 percent and then it when up to 10.10 percent in May of 2009. The people that were unemployed were 605,000 to 84,000 out of work. Wall Street needs 3.3 trillion dollars to be bailout. Many people lost their job now because the company does not trust the United State economic is so bad by then. We should try and bring all the jobs back to the United State by try giving them taxes credit so that they stay in the United State and not go over sea were all the job are going. They should give them loans that they can employee more people and put American back to work. This bailout would not hurt the state or the banks if the invest in the United States people. It is winning for all side of this bailout. The private sector had to try and make it on their own. If the company was not important to strengthen of the economy they did not get bailout. The state the company is in they should try hard to make sure that company start an make a profit so they can stay in that state. The company that when under need to get a loan and no one would give them one, the bank was afraid because of all the bad money out there because of the failed of Wall Street and the banking problem, they should try and keep them in the state they...
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