Paul R. La Monica is a digital correspondent for CNN Business. He writes daily about the markets and blue chip companies and also appears regularly on CNNI's business programs. The opinions expressed in this commentary are his own.

Boeing is going to need a bailout. Airlines will, too. And many other travel, tourism and service-related companies will also need some form of assistance from the federal government.

People need to accept that bailouts are a necessary evil in a time of unprecedented economic chaos caused by the coronavirus pandemic.

But we're already seeing signs that Democrats and Republicans are unable to cooperate for the good of the American people. The White House and Congressional leaders are still bickering over the final details on a mainstream economic stimulus package.

Yes, it's unfortunate that companies and CEOs that made bad, dumb and greedy decisions now need federal aid . But what's the alternative? Punish the rich at the expense of everyone else?

This argument came up in 2008, too. Some said we should let banks that took on too much risk tied to subprime mortgages fail.

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