The Bailout: Grand Theft Anal

The government has this little known agency called 'we print money'.

There are restrictions on the loans for larger companies also. I'd like to see the Kennedy Center cash dump reduced by at least half, if not more. While the arts are necessary to a society, they are not essential during a time of crisis.

I don't necessarily agree with everything coming out of this mess, but something is better than nothing if we are going to have some semblance of a country when it's done.

 

There is a market deity? Government works by throwing money at things. I see more harm than good in doing this. The government has no business closing businesses. Let's move most of federal government to the states, the private sector or the trash can.

 

And we let them use it whenever they want.

The Kennedy center doesn't belong to federal government. Its money has no business going there at all.

Doing nothing is normally federal government at its best.

 

The market deity that everyone references when they say the market will take care of this or that.

And the Federal government hasn't been the one closing businesses. That's been done at the state level, the same state governments you just proposed giving more power to.

 

We would have a lot more companies listed on the exchange if they had never legalized stock buybacks as they did during the Reagan administration.

 

Well I managed to get about a paragraph into that crap before I acquired sufficient evidence to know that the dude had know idea what he was talking about.

 

Good. The decisions are being made in the right place. Yes I think they should take much of what federal government does now. In general the market does do a better job at taking care of things than government. It can't fix everything but it should be allowed to fix what it can. I had never heard of it referred to as a deity.

 

The current bank & corporate bailout isn't being pushed by Democrats. It's all being done by Republicans. Democrats are resisting the corporate bailout by trying to include restrictions & controls & oversight in the bills. I'm a Democrat, & I am against unregulated, non-transparent corporate bailouts in 2020. I believe most Democrats agree.

 

So do most conservatives. It is the politicians that love it.

 

LOL! I doubt it.

 

I am a conservative and there shoukd be no bailouts for anyone... government should realize how unimportant, ineffectual and ignorant it is and get the hell out of the way. Especially when it comes to regulation and oversight.

I guess we can agree the bailouts are bad.

 

I see an option here for you.

First, we make everything and everybody- equal.
We can even take all the money back and divide it equally.
Agree so far? Of course you do. But this is for equality, so there is more to it.

Every citizen regardless of category pays an equal per-capita share of the cost of government. No exceptions; because we are now all equal..
We abolish all support programs. Nobody gets anything free from government, because we are now all equal. Taxes will be greatly reduced because of this.

Employment is a simple business deal. If you choose to work for someone else, you get paid what you agree to work for, you do the work you agreed to do with equal reliability.
No cheating either way, no obligations beyond that agreement either way, no fringe benefits.
No unemployment, no workmans comp, no sick leave, no paid vacations, no pensions, no social security- you get all your money upfront every payday, you totally control the way your money will be spent, and you alone experience the benefits or consequences of your choices.

If you fail to keep your house in order- you go down, and nobody else will care or help, because you got an equal chance.
If you manage well and build a huge successful business, nobody will bitch and whine and blame you for their own incompetence and poverty, because they got an equal chance.

Of course, some will complain no matter what, and that is an unjust abuse of all those who are acting responsibly and equally, which they should not have to tolerate.
Anyone that does bitch an whine and blame the successful or rich for their own failures and poverty- does not deserve this great state of equality, so we can simply deport them to somewhere where that attitude is more acceptable, so they won't be scoffed at. Perhaps Venezuela.


Bubba says- "We should take all the money back, and divide it up equally!".
Jim-Bob says- "But in six months it would all be back where it is now."
Bubba says- "No man! I mean we do it every Saturday night!"

 

Most likely people ARE outraged, but at the moment they are all cowering in their homes scared silly, the result of domestic terrorism brought by the government and media. As this event demonstrates, explosive devices are not necessary to practice terrorism.

 

It IS NOT capitalism.

Capitalism in its classic form requires some measure of natural selection. Poorly managed endeavors will fail, must fail. That's why bankruptcy is included in the US Constitution.

No, this is not capitalism, it is fascism, socialism for the oligarchs.

 

I disagree that ALL bailouts are bad, but they must be tightly regulated against simple giveaways that allow companies to use the funds for buying more stocks while forgetting to pay their workers. Unrestricted, unregulated bailouts coupled to no oversight in place, is a totally unacceptable response to the pandemic crisis.

 

I favored the Chrysler bailout so many years ago, as it kept a large employer in business. Chrysler did eventually pay back the loans.

These today and in 2008 were just fascism in action. They were rewards to people and companies who were poorly managed.

True capitalism would have required those companies to restructure and adopt good management practices. The weak and poorly performing companies would have gone on the trash heap of economic failures.

 

I agree. That's why I feel it's so important to attach strong regulations & oversight by Congress to how helping funds for corporate America are actually used. I don't want a repeat of the 2008 unregulated giveaway either.

 

On the other these corporations we are bailing out are among the corporations who pay for most of the federal budget anyway..

So i don't really care one way or the other


Better for an "evil corporation " to have it than the evil government beauracrats having it..

 

I've always had lots of choices in my 401k investing and over half the population is invested in the markets.

Tell me you think happens to the capital used to buyback stock when a company does so? Who do they buy the stock back from and what do they then do with that capital?

 

Good lord. You want government managing corporate funds. We have too much government and you want even more. Hello socialism. Yikes!

 

You get choices over which "funds", or bonds, or annuities you can buy. Yes they are "safer", but you also have very little (most would say none) over what stocks are purchased. But do tell me which stocks are in your "vanguard fund" today, and what ones will be in it tomorrow ?

Stock buybacks are designed to falsely inflate the prices of the existing shares of stock. Oddly enough, those shares owned by the executives of a company. The same executives and board members who authorize those buybacks, using company money, are the ones who stocks are the beneficiary of that increase

 

A wide choice into what type of funds which are managed according to the fund goals. You can tailor that to meet your personal goals. What exactly is your gripe about being able to invest in a 401k plan?
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It's not false and they serve as a valuable took in the markets. Noted how you could not even address what I posted let alone refute it but reading you two responses leads me to believe you know little about investing and business and the markets.

Try again
Tell me you think happens to the capital used to buyback stock when a company does so? Who do they buy the stock back from and what do they then do with that capital?

 

Definitely the thread win.

 

Wait, so a company who already has cash, buys back stocks to increase the companies "market value", isn't falsely inflating their own value ?

Trading one for the other is an equal trade right ? So then you can explain the increase in stock value.........

 

I've waited long enough please respond

Try again
Tell me what you think happens to the capital used to buyback stock when a company does so? Who do they buy the stock back from and what do they then do with that capital?