The Bailout: Grand Theft Anal

Discussion in 'Political Opinions & Beliefs' started by resisting arrest, Mar 31, 2020.

  1. resisting arrest

    resisting arrest Well-Known Member Past Donor

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  2. squidward

    squidward Well-Known Member

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    Did you cheer in '09?
     
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  3. Rush_is_Right

    Rush_is_Right Well-Known Member

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    I didn't and I am not cheering now.
     
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  4. squidward

    squidward Well-Known Member

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    Me neither.
    Transfer of wealth to the richest men on earth, who by the way have cashed out while the average joe takes a spanking for the 3rd time in 20 years. Thank heavens for all of that stability the FED brings
     
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  5. Robert E Allen

    Robert E Allen Banned

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    The general public is sick of progressive spin.
     
  6. Shonyman32

    Shonyman32 Well-Known Member

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    Luckily this 2 trillion dollar stimulus is majority loans. I am not a fan of handouts. I'd rather work harder.
     
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  7. fmw

    fmw Well-Known Member

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    I don't recommend bringing a pitchfork to a gun fight.
     
  8. grapeape

    grapeape Well-Known Member Past Donor

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    So you don't believe in Capitalism ? How is taxpayer dollars going to a business not the very same "socialism" you claim happens when the money goes to an individual ? If the government takes your tax dollars and gives it to an individual you claim that is someone who made bad decisions, or is lazy etc. Yet when they give it to a business who made bad decisions, thats helping the economy ? I guess you don't believe in competition ? Boeing has spent over $90 BILLION in stock buybacks in the last 10 years, and now says they need $110 Billion taxpayers dollars to stay afloat ? Thats a lot of bad decisions to enrich their leadership and stockholders, while at the very same time putting their business and employees at risk. But now we should take the tax dollars those very same employees to paid, to now save their leadership from those bad decisions ?

    From your post you seem to think that Business needs the money because they "create jobs", yet you aren't holding them to the same standard as you hold the individual when it comes to their decisions. If the business is critical to national security or something of that nature, thats a different story. But giving them money with no rules or requirements is not acceptable. At the end of the day the money is still the same taxpayer dollars that pay unemployment and welfare checks you chide.

    This type of bailout is also anti-competitive. Why should Boeing get that, but not Bobs Flying service, or any of the other small companies that have defense contracts ?
     
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  9. grapeape

    grapeape Well-Known Member Past Donor

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    "Loans".....ok......
     
  10. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Nice meltdown. So how is that big powerful government thing working out?
     
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  11. LogicTrumpsLiberalism

    LogicTrumpsLiberalism Well-Known Member

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    You do know that these are loans designed to hold companies together while they are unable to do business due to no fault of their own. Yes they should have been more prepared, but this isn't a bailout for their own mistakes, nor is it free money for rich people (hence, not socialism,) Bob's Flying service gets a loan too, and if he maintains his employees compensation through the whole ordeal, his is forgiven.

    By the way, those stockholders that they are trying to make money for aren't all the Warren Buffets of the world. Many of them are middle-class or even poor people.
     
  12. ButterBalls

    ButterBalls Well-Known Member

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    Bring both!
    [​IMG]
     
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  13. Collateral Damage

    Collateral Damage Well-Known Member

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    To the larger entities (excess of 500 employees) there are straight loans. Companies under 500 employees, they start as loans, but if they are used to support employees (retention and wages) they may be forgiven and become grants. In basic terms, if we keep people working, people can pay their bills.
     
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  14. grapeape

    grapeape Well-Known Member Past Donor

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    I disagree. They should be prepared for these things, but know that they don't need to be because they buy enough politicians to get a bailout. My company isn't getting a bailout because we were fiscally responsible. The one thing that stands out in the "big business bailout" is that the their is something like $450 BILLION that allows the Treasury (read: Mnuchin and Trump) the ability unilaterally BUY bank loans for anyone THEY deem deserving. They can then change the terms at their discretion. The dems totally caved on that BS. So the rules for the big business loans are much different than the rules for the small business side

    90% of the stock market is controlled by 2% of the population. Companies like Boeing do stock buyback to do 1 thing, and that is to falsely inflate the stock price. That in turn A:) falsely inflates the performance of management, and B:) falsely inflates that very same management team/boards compensation

    This idea that the small investor is even a thought in this is disingenuous to the discussion. The average person has less than 10% of their wealth in the markets. And their 401K's are a completely different animal in that they have little to no control over where they are invested.

    I understand that we needed to do something, but when companies like Boing, and almost every big bank, after 2008 did stock buybakc with their bailouts pretty much says everything their is to say about how they run their business'.
     
  15. grapeape

    grapeape Well-Known Member Past Donor

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    The small business loans are one thing, but the "bug business" slush fund is a wholly different critter. The big business side allows the federal government to buy the loans from the bank, at the sole discretion of the the president, and the fed. This makes it nothing but a slush fund

    Look, I agree that we have to do something, but this bill gives way too much power to unilateral agencies with little to no guarantees on anything. Hell, I'm still trying to figure out where the $2 TRILLION dollars is going to come from......
     
  16. Robert E Allen

    Robert E Allen Banned

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    Your kids college fund... same as how we are paying for everything else...
     
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  17. LogicTrumpsLiberalism

    LogicTrumpsLiberalism Well-Known Member

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    Our worries are the same, the difference is that I have a lot more faith in this administration than the one that controlled the post 2008 bailout. We are led by someone that understands economics and has much more influence in the world of big business. I certainly understand that you don't trust him, but time will tell who's right.

    Corporations aren't the enemy, their moves are predictable and yes, sometimes need to be curbed.
     
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  18. cd8ed

    cd8ed Well-Known Member Past Donor

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    Someone that has bankrupted casinos and embezzled from charities is someone who “understands economics”... You have faith in a man that inherited his wealth, has averaged lower returns than the stock market, and has had numerous organizations closed for fraud?
    Amazing.
     
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  19. LogicTrumpsLiberalism

    LogicTrumpsLiberalism Well-Known Member

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    We shall see, I'm willing to bet that just like the last three years you won't approve of his next five no matter how positive the results.
     
  20. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    I was apprehensive about but understood the basic necessity of the '09 bailout.

    I would say this time around it's even more necessary.

    People who absolutely want to work right now, can't. People and businesses alike. This thing is hitting almost everyone, from the top down to the bottom.

    This isn't something we leave to the market deity to sort out.
     
  21. The Mello Guy

    The Mello Guy Well-Known Member

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    Luck me, I still get to work (from home) but still least I don’t get a check and get to watch everyone else spend my money. Yay trump!
     
  22. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    I'm still working full-time too luckily, although I have to go into work. It's a small machine shop where keeping a distance is somewhat feasible though, and it's not open to the public. Plus I spend almost my entire day at my workstation and don't have to be near people for the most part.

    I don't mind right now. People and businesses definitely need the money but they also need a little hope and optimism. And this money is going to go right back into the economy I think in an even better way than the stimulus checks we all got a decade ago did.
     
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  23. Texan

    Texan Well-Known Member

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    This bill doesn't look like capitalism, just like most "stimulus" bills. Too much pork and all piled on the National Debt.
     
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  24. Robert E Allen

    Robert E Allen Banned

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    Buying votes, incumbents will be hatd to beat.
     
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  25. Shonyman32

    Shonyman32 Well-Known Member

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    That's what they are called unfortunately parts of these loans can be "forgiven" not a fan of the bailout still but I'd rather be loans than handouts.
     
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