Let's Not Call It A Bailout; Businesses Didn't Cause The Coronavirus
Bailouts stir up images of businesses acting recklessly, enriching themselves, and then asking the government for money. That's not the case this time.
by Pallavi Gogoi
Mar 23, 2020
2 minutes
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Bailout is a dirty word.
The Merriam-Webster dictionary defines bailout as "a rescue from financial distress."
So it is accurate to call the $1 trillion-plus package being debated in Congress a bailout.
But let's not call it that this time.
During the 2008 financial crisis, after the world economy was brought to its knees,
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