You're asking the wrong poster (that sentence was a quote). But I believe jrockway was referring to the government's response to COVID-19, not to the companies that would be bailed out as toomuchtodo apparently assumed.
The problem with that reasoning is that governments don't suffer the consequences of mismanagement the same way companies and private citizens do. Sure, the elected officials may end up voted out, but the same bureaucrats will still be running things, and the basic institutions and systems that led to the current response aren't likely to change.
How so?