Persuasive Or Argumentative Persuasive Essay

722 Words Jun 20th, 2016 3 Pages
Persuasive or Argumentative

Did you know that since 2008 the federal government spent almost $700 billion dollars of taxpayer money to bail out companies (“Bailout Tracker,” 2016)? The government has used this money to give to companies that are failing or were about to go bankrupt. This is a small group of people deciding what businesses get the money and stay in business and which ones don’t. The money comes from us, the taxpayers, and it shouldn’t be used to support failing companies. It is a waste of our money and can be used for better programs that benefit all the people not just a few. Government bailouts shouldn’t happen and companies that can’t succeed without government assistance should fall to the hands of the free market. The federal government has allocated billions of dollars to over 900 companies through the Emergency Economic Stabilization Act of 2008 or TARP (Times, 2016). In a section of this bill it states that some of these companies are to repay the funds received and then that money will be given back to the taxpayers (Times, 2016). However out of the few that have supposedly paid back the money what has been done to benefit us the taxpayer for the bailout? My taxes have actually been going up and I have not seen any incentives from TARP. As a free market society we see businesses start and we see them fail. It’s the risk people take in the hopes of success. If I like a specific product I will buy it and support that business, same goes…

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