My theory is they want the democrats to win so they can come hat in hand to congress and ask for bailouts for this totally not essential and speculative industry.
Not necessarily easier, but it allows Republicans to be against the bail outs which will be unpopular so they can try to swing back and grab power again then continue not regulating anything. They don’t want the electorate to get the idea that the socialism can work for anyone but corporate America. Basically, why take the political heat for something unpopular when you know your political opponent will always do the right thing and you can criticize it for free.
These companies are “too big to fail.” Just like last time, when the bottom drops out on these bad investments the debt will be socialized.
My theory is they want the democrats to win so they can come hat in hand to congress and ask for bailouts for this totally not essential and speculative industry.
I’m not quite following, why would the Democrats winning make it easier for the AI companies to ask for bailouts? Genuine question.
Not necessarily easier, but it allows Republicans to be against the bail outs which will be unpopular so they can try to swing back and grab power again then continue not regulating anything. They don’t want the electorate to get the idea that the socialism can work for anyone but corporate America. Basically, why take the political heat for something unpopular when you know your political opponent will always do the right thing and you can criticize it for free.