Stimulus & Bailout Watch Thread

[boutons_deux]

This right here is a primary example of someone honestly believing that one side of the aisle has our best interest at heart.

NONE OF THEM CARE!

of course they don't care,

but at least the Dems' action of passing a bill is commendable vs Repugs' fuck it and fuck everybody except our BigDonor

[TimDunkem]

Yeah this "both sides" argument is BS when one side passed the damn bill in May and the Repugs sat on it until the last minute.

[TimDunkem]

Putting pork in a bill that overall will save people's livelihoods, small businesses, and fund essential services > Putting out an anemic bill filled only with pork for BigDonors at the 11th hour knowing not even your own side likes it after sitting on the Dem bill since May

Yeah.

Not the same.

[tholdren]

Putting pork in a bill that overall will save people's livelihoods, small businesses, and fund essential services > Putting out an anemic bill filled only with pork for BigDonors at the 11th hour knowing not even your own side likes it after sitting on the Dem bill since May

Yeah.

Not the same.

Lolololololl


You cried online about having covid. Longhauler. LolollIlolI'lloolIoklololpp

[johnsmith]

Putting pork in a bill that overall will save people's livelihoods, small businesses, and fund essential services > Putting out an anemic bill filled only with pork for BigDonors at the 11th hour knowing not even your own side likes it after sitting on the Dem bill since May

Yeah.

Not the same.

Ok....you’re right, Democrats are all stand up folks that don’t have any suspect motives. I don’t know why I didn’t think of that before?!

[Will Hunting]

Ok....you’re right, Democrats are all stand up folks that don’t have any suspect motives. I don’t know why I didn’t think of that before?!
TimDunkem pointed out something specific the Democrats did that's better than what the Republicans did and you responded with a strawman accusing him of saying Democrats are great and have no suspect motives even though that's not even close to what he said.

There's a middle ground between blindly believing all Democrats are saints vs. drawing the glib conclusion that "they both suck!"

Sure seems like you have no way to defend the specific proposals McConnell is putting forward so you're trying claim it's a wash to deflect from how this crisis is due to a Republican president fucking the pooch.

[tholdren]

TimDunkem pointed out something specific the Democrats did that's better than what the Republicans did and you responded with a strawman accusing him of saying Democrats are great and have no suspect motives even though that's not even close to what he said.

There's a middle ground between blindly believing all Democrats are saints vs. drawing the glib conclusion that "they both suck!"

Sure seems like you have no way to defend the specific proposals McConnell is putting forward so you're trying claim it's a wash to deflect from how this crisis is due to a Republican president fucking the pooch.

TimDunkem cried about being a longhauler

[boutons_deux]

The Trump-Made Pandemic continues its economic carnage

1.7 million new unemployment claims show the painful reality of Trump’s Coronavirus Recession

http://redgreenandblue.org/2020/09/11/1-7-million-new-unemployment-claims-show-painful-reality-trumps-coronavirus-recession/

[Winehole23]

TimDunkem cried about being a longhaulerCOVID-19 is real

[Winehole23]

The Trump-Made Pandemic continues its economic carnage

1.7 million new unemployment claims show the painful reality of Trump’s Coronavirus Recession

http://redgreenandblue.org/2020/09/11/1-7-million-new-unemployment-claims-show-painful-reality-trumps-coronavirus-recession/25 consecutive weeks of > 800,000 million new claims, 29 million people now claim state and federal UI.

It took four years of the Great Depression, cumulatively, to cause unemployment equal to the last seven months, the unemployment rate shot up 10% in a single month, Q2 GDP dropped 9%, but it's apparently hyperbole if we describe it by saying anything other than "people were laid off."

[Winehole23]

https://static01.nyt.com/images/2020/07/30/us/gdp-2q-change-promo-1596113580367/gdp-2q-change-promo-1596113580367-facebookJumbo-v3.png

[Winehole23]

we're down about 5% from this figure

https://cdn.statcdn.com/Infographic/images/normal/21660.jpeg

[TimDunkem]

COVID-19 is real

Why is this guy still lying about me? Holy fuck. Talk about obsessed. :lmao

[Winehole23]

Two-tiered bailout.

Wall Street got the gold mine, Main Street got the shaft.

1304760842815234048

[boutons_deux]

Luby's and Fuddrucker's closing, liquidating

[Winehole23]

evictions continue despite the moratorium:


How many people may be impacted by evictions? Stout estimates that there are 17.3 million households (https://app.powerbi.com/view?r=eyJrIjoiNzRhYjg2NzAtMGE1MC00NmNjLTllOTMtYjM 2NjFmOTA4ZjMyIiwidCI6Ijc5MGJmNjk2LTE3NDYtNGE4OS1hZ jI0LTc4ZGE5Y2RhZGE2MSIsImMiOjN9) currently unable to pay rent and at risk of eviction. This represents more than 42% of all renter households. There is the potential for 11.7 million eviction filings over the next four months.

At present, the total rent shortfall is $21.5 billion. This seems like a lot of money but, it is a small fraction of the total amount spend on COVID-19 relief, $3.48 trillion (https://datalab.usaspending.gov/federal-covid-funding/). The CARES Act, for example, provided the Treasury Department with a $500 billion fund that will be used by the Federal Reserve to support trillions in lending to larger businesses. A small fraction of those funds could help keep millions of the nation's most vulnerable families off the streets.
https://popular.info/p/corporate-landlords-defy-federal

[Winehole23]

More fiscal stimulus is needed, says Federal Reserve.

1305502385389867008

[TeyshaBlue]

My tenants are hurting right now. I've told them to pay what that are able to and not to worry about the rest. There is no payback expected nor desired. I can cover the mortgages for now. Man, am I glad I unloaded most of my properties now.

[boutons_deux]

These 62 landlords received at least $60 million in taxpayer bailouts.

Now they are evicting tenants.

Sixty-two corporate landlords who have received taxpayer bailouts intended to blunt the economic impact of the pandemic are pursuing evictions despite a federal moratorium,

The large landlords have received at least $60.9 million in forgivable loans from the Paycheck Protection Program, which was intended to help prevent an economic collapse.

the same landlords have initiated at least 494 legal actions for eviction.

CAPREIT

a Maryland-based real estate operating company that describes itself as “one of the nation’s leading multifamily housing companies,” has filed 37 evictions across Tennessee and Georgia since September 1.

Priderock Capital Management

Real estate asset manager Priderock Capital Management has filed 35 evictions so far this month after securing a $2-5 million PPP loan.

ACRE

Asia Capital Real Estate Management (ACRE), a global real estate private equity firm that manages more than $2.1 billion in assets, has filed 34 evictions across Florida and Georgia since September 1.

Odin Properties

Odin Properties, a Philadelphia-based real estate firm, has filed 32 eviction cases against tenants in Tennessee.

Blue Magma Residential

Blue Magma Residential, a Florida-based real estate investment group, boasts that it owns more than 10,000 units and manages $1 billion in assets. Since September 1, the company has filed 22 evictions against tenants in Georgia and Tennessee,

etc

https://popular.info/p/these-62-landlords-received-at-least

[spurraider21]

1305891808837337088

[boutons_deux]

Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent



Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed, a 23% increase since mid-July.
According to Yelp data, permanent closures have reached 97,966, representing 60% of closed businesses that won’t be reopening.


https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html (https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html?fbclid=IwAR0W1JhNEs-EDqs5dhPhaM1w_F6tE-1BxleW-Lo0SHiJC9wVoX6YiOFfn0Y)

[boutons_deux]

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/119650728_3306909396022014_8882938313199681998_o.p ng?_nc_cat=103&_nc_sid=730e14&_nc_ohc=-v0x32YPPSUAX-3s1ZQ&_nc_ht=scontent-dfw5-1.xx&oh=c426dbf3c84cff46dad696689b842158&oe=5F89F374

[TimDunkem]

Well, Trump is calling for another stimulus at a higher number than Repugs are calling for. You can assure that Republicans will begin falling in line now.

[boutons_deux]

Well, Trump is calling for another stimulus at a higher number than Repugs are calling for. You can assure that Republicans will begin falling in line now.

Senate Repugs said nothing happens until after the election.

[FrostKing]

Senate Repugs said nothing happens until after the election.
4 more years of this?

[TimDunkem]

Senate Repugs said nothing happens until after the election.
That was before Trump changed his tune yesterday.

[boutons_deux]

That was before Trump changed his tune yesterday.

If McConnell doesn't want it, Trash won't get it from the Senate.

He may move (not much) money from other Exec agencies, but that would be contested in court for contradicting Congress' spending allocations.

btw, Texas Workforce Commission is trying to clawback $200M in UI payments that it fucked up or was fraud.

[boutons_deux]

860,000 Unemployment Claims Filed Last Week


https://talkingpointsmemo.com/news/860000-unemployment-claims-filed-last-week

[TimDunkem]

If McConnell doesn't want it, Trash won't get it from the Senate.

He may move (not much) money from other Exec agencies, but that would be contested in court for contradicting Congress' spending allocations.

btw, Texas Workforce Commission is trying to clawback $200M in UI payments that it fucked up or was fraud.



Trump is the GOP now. They will move as he moves. They didn't want the CARES Act to begin with but bent the knee as soon as Trump signed off on it.

[Trill Clinton]

So which is it? trump wants a bigger stimulus package but him and his crony mcconnel have been turning everything down


1262454257627942913

[Winehole23]

So which is it? trump wants a bigger stimulus package but him and his crony mcconnel have been turning everything down


1262454257627942913It wouldn't do to take decisive action to improve people's lives before the election, blaming the pain of Americans on Dems is their whole narrative.

[TimDunkem]

It wouldn't do to take decisive action to improve people's lives before the election, blaming the pain of Americans on Dems is their whole narrative.
No reason why they couldn't do both. His followers will literally believe anything he says, so he can just say the Dems are holding it up and that HE wants more money for the stimulus (both of which he did yesterday), and get it out there before the election so he can play savior again.

[Winehole23]

No reason why they couldn't do both. His followers will literally believe anything he says, so he can just say the Dems are holding it up and that HE wants more money for the stimulus (both of which he did yesterday), and get it out there before the election so he can play savior again.The reluctacnce of both parties -- but especially the GOP -- to be Santa Claus during a pandemic/depression frankly boggles. It's economically and politically the smart thing to do.

[TimDunkem]

The reluctacnce of both parties -- but especially the GOP -- to be Santa Claus during a pandemic/depression frankly boggles. It's economically and politically the smart thing to do.
I think Trump is finally realizing that. It's political suicide to not do it at this point. Then again, never count out Trump to completely fuck up and miss the swing on the 1 mph meatball thrown his way.

[boutons_deux]

The reluctacnce of both parties -- but especially the GOP -- to be Santa Claus during a pandemic/depression frankly boggles. It's economically and politically the smart thing to do.

They Don't Care

BigDonor class is their priority, and CARES and Fed bailed bout, and is bailing out, BD class

The very fucking little the Dems will do if they take Congress and WH will prove the point that Voting Is Bullshit.

[Winehole23]

printing press go brrr

1301549370173579265

[BSfromTX]

How about the idea that spending on anything right now is ludicrous?

It baffles me that either side is okay with it as long as it is what "their" party is for. We are borrowing money from a private institution that we have to pay interest on. We could create our own currency and at least not have to pay interest.... Do our politicians ever discuss this? No, because the central banks is who they answer to. Every 8-10 years there is ANOTHER "crisis" and we have to spend trillions. Do people not see the pattern? The intention of the federal reserve was to eliminate these situations and instead they continue to occur without fail.

If democrats are suppose to be for the "working class" and republicans are suppose to be "fiscally conservative" this would be the number one issue for both parties. The central banks of the world SHOULD be enemy number one.

[TimDunkem]

More bullshit from Texas.

[Winehole23]

Commissioner Ramamurti just murdered an expert witness, tbh

tl;dr In the current economic conditions, the likely economic multiplier for the federal dollar spent is 1.2 - 1.5.

1306713487306035202

[Trainwreck2100]

Commissioner Ramamurti just murdered an expert witness, tbh

tl;dr In the current economic conditions, the likely economic multiplier for the federal dollar spent is 1.2 - 1.5.

1306713487306035202

I figured that his endgame was going to be getting the author to say sometihing just going by how many times he mentioned her name, but I was hoping for a Springer-esque "well here's the author" intro and she just joins the zoom call

[boutons_deux]

Ok....you’re right, Democrats are all stand up folks that don’t have any suspect motives. I don’t know why I didn’t think of that before?!

strawman. who said Dems are all stand up folks?

Dems passed HEROES, McConnell killed it. in this case, your both-sides-ism is dishonest, simplistic BS.

Dems passed 400+ other bills that McConnell killed.

The strategy is that govt can do no good,

only for-profit private enterprise is to be valued,

and there is no legit opposition to anti-democratic oligarchy/Repugs,

so Repugs block ALL Dem appointees,

block ALL Dem judges, and

the autocratic Repug "Unitary Exec" evades Congress oversight by using 100s of unapproved, even illegal "acting" people.

[boutons_deux]

Texas courts must start telling tenants how a federal eviction moratorium can keep them housed

The Texas Supreme Court ordered that eviction citations

will have to inform renters about the moratorium requirements and

include the form needed to apply for protection.

https://www.texastribune.org/2020/09/18/texas-federal-eviction-moratorium/ (https://www.texastribune.org/2020/09/18/texas-federal-eviction-moratorium/)

Amazing, from a 100% Repug SCOTX

[Winehole23]

How about the idea that spending on anything right now is ludicrous?

It baffles me that either side is okay with it as long as it is what "their" party is for. We are borrowing money from a private institution that we have to pay interest on. We could create our own currency and at least not have to pay interest.... Do our politicians ever discuss this? No, because the central banks is who they answer to. Every 8-10 years there is ANOTHER "crisis" and we have to spend trillions. Do people not see the pattern? The intention of the federal reserve was to eliminate these situations and instead they continue to occur without fail.

If democrats are suppose to be for the "working class" and republicans are suppose to be "fiscally conservative" this would be the number one issue for both parties. The central banks of the world SHOULD be enemy number one.The Fed has survived its putative original purpose, for better and for worse. One wonders how much more there was to it than legalizing a bank cartel to start with. We're by now so far through the looking glass, seeking justification in the Fed's original charter or its early history would be purely academic. At this point, Blackrock/Fed are managing Chinese style economic dirigisme in the Chinese style: state capitalism.

The pattern of the economy blowing up every ten years is worrisome to all but those best situated to make a lot money off of it. If I was a 32-40 year old who just got wiped out for the second time in twelve years, I'd be extra pissed that extra rich people got a public backstop AGAIN and I got shafted AGAIN.

[boutons_deux]

the more Capitalism is regulated, the less severe the instability, esp the monetary crashes like 1929, 2008, and probably next year (hyper-leveraged corporations living on Fed zero rate), also commercial MBS this time.

[boutons_deux]

trillion dollar tax cuts for the rich was lunacy-

but people are conditioned to just shrug when that happens

people have no choice.

The Capitalist oligarchy is now a rigged automatic, self-enriching wealth machine, unrelated to the Labor economy of the non-oligarchy, immune to depressions, recessions, expand their wealth and power no matter what.

this is not an inevitable situations, it was created by the oligarchy corrupting the political class

[Winehole23]

the more Capitalism is regulated, the less severe the instability, esp the monetary crashes like 1929, 2008, and probably next year (hyper-leveraged corporations living on Fed zero rate), also commercial MBS this time.If you're referring to the Glass-Stegall era, that might be supportable. Any return to plain vanilla banking would be initially disruptive, abundant, cheap credit money keeps so many zombies afloat now. But maybe the bubbles wouldn't be so frothy then.

It's hard to stuff genies back into the bottle, don't you think? Short of massive debt forgiveness that wipes out all the debts that can't be paid, it's hard to see how we could even begin to get there.

[boutons_deux]

If you're referring to the Glass-Stegall era, that might be supportable. Any return to plain vanilla banking would be initially disruptive, abundant, cheap credit money keeps so many zombies afloat now. But maybe the bubbles wouldn't be so frothy then.

It's hard to stuff genies back into the bottle, don't you think? Short of massive debt forgiveness that wipes out all the debts that can't be paid, it's hard to see how we could even begin to get there.

yep

America is fucked and unfuckable

[Winehole23]

like Uber for evictions

1308051083831304194

[BSfromTX]

The Fed has survived its putative original purpose, for better and for worse. One wonders how much more there was to it than legalizing a bank cartel to start with. We're by now so far through the looking glass, seeking justification in the Fed's original charter or its early history would be purely academic. At this point, Blackrock/Fed are managing Chinese style economic dirigisme in the Chinese style: state capitalism.

The pattern of the economy blowing up every ten years is worrisome to all but those best situated to make a lot money off of it. If I was a 32-40 year old who just got wiped out for the second time in twelve years, I'd be extra pissed that extra rich people got a public backstop AGAIN and I got shafted AGAIN.


So, if I understand you correctly, you seem accepting of this? Would you not agree that this system is the root of much of the inequalities? It is a system where a private institution has a monopoly on our means of exchange, credit, and money supply. It is a system that has been easily used to control politicians, and as you stated, reward the elite and pushing all risks and failure to the tax payer (public backstop).

It is a system that benefits both parties and never gets called out by corporate media. Any criticism of it is typically superficial and just shy of allowing the masses to truly understand how we lose with its existence.

[Winehole23]

So, if I understand you correctly, you seem accepting of this? Would you not agree that this system is the root of much of the inequalities? It is a system where a private institution has a monopoly on our means of exchange, credit, and money supply. It is a system that has been easily used to control politicians, and as you stated, reward the elite and pushing all risks and failure to the tax payer (public backstop).I roughly agree with everything you just said except the bolded.


It is a system that benefits both parties and never gets called out by corporate media. Any criticism of it is typically superficial and just shy of allowing the masses to truly understand how we lose with its existence.The con itself isn't easy to understand, any swindle that plays out over the long term usually is. Like our political duopoly.

[Bogie]

This right here is a primary example of someone honestly believing that one side of the aisle has our best interest at heart.

NONE OF THEM CARE!

you’re really dumb

[Trainwreck2100]

like Uber for evictions

1308051083831304194

great way to get roaches and bedbugs

[BSfromTX]

I roughly agree with everything you just said except the bolded.

The con itself isn't easy to understand, any swindle that plays out over the long term usually is. Like our political duopoly.

Yeah, I didn't mean it to sound like you didn't care but more like "well, what can we do now?"

[Winehole23]

Yeah, I didn't mean it to sound like you didn't care but more like "well, what can we do now?"Debt amnesty, postal banking, universal voter registration at birth, universal public health care, hard caps on campaign financing and donation limits, Senate and SCOTUS reform...

...feel free to add your own.

[Bogie]

Ok....you’re right, Democrats are all stand up folks that don’t have any suspect motives. I don’t know why I didn’t think of that before?!

because you’re really really dumb, and think that you can fool people that you’re not just another piece of shit cowardly trumper

[Trainwreck2100]

Debt amnesty, postal banking, universal voter registration at birth, universal public health care, hard caps on campaign financing and donation limits, Senate and SCOTUS reform...

...feel free to add your own.

Till the supreme court overturns that shit

[Winehole23]

Debt amnesty, postal banking, universal voter registration at birth, universal public health care, hard caps on campaign financing and donation limits, Senate and SCOTUS reform...

...feel free to add your own.just one more...ranked choice voting.




(Maine has it)

[Winehole23]

Till the supreme court overturns that shitEh, we'll see.

I don't think the SC fight is quite over.

(Does look bad for the Dems, tho.)

[Reck]

Senate Majority Leader Mitch McConnell (R-Ky.) rejected the government funding resolution House Democrats introduced Monday, leaving the U.S. government on the verge of a shutdown.


The current government funding package only lasts another nine days, so on Monday, Democrats released a draft resolution (https://twitter.com/CraigCaplan/status/1308081665584123905?s=20) that would extend in through Dec. 11. But McConnell alleged the Democrats' proposal "shamefully leaves out key relief and support" for farmers via Commodity Credit Corp. funding — though CNN reports the Trump administration views those funds as "an unaccountable political slush fund."

Wow this guy is one massive piece of shit.

A dead justice, economy in ruins and this guy is putting the cherry on top by not minding a government shutdown.

https://news.yahoo.com/mcconnell-unexpectedly-rejects-democrats-funding-174800884.html

[boutons_deux]

Soaring wealth during pandemic highlights rising inequality

Americans’ household wealth rebounded last quarter to a record high (https://www.federalreserve.gov/releases/z1/dataviz/z1/balance_sheet/chart/#units:usd) as the stock market quickly recovered from a pandemic-induced plunge in March.

Yet the gains flowed mainly to the most affluent households

even as tens of millions of people endured job losses and shrunken incomes.

American households’ net worth jumped nearly 7% in the April-June quarter to $119 trillion.

That figure had sunk to $111.3 trillion in the first quarter,

the economy has regained only about half the jobs lost to the pandemic recession underscores what many economists see as America’s widening economic inequality.

the highest-paying one-third of jobs have almost fully recovered from the recession,

while the lowest-paying one-third of jobs remain 16% below pre-pandemic levels.

The wealth data “highlights the inequalities in the recovery in the sense that high-income workers not only have jobs that for the most part have come back;

they also have savings that have continued to grow,”

The richest one-tenth of Americans owned more than two-thirds of the nation’s wealth,

The top 1% owned 31%.

https://apnews.com/28a44dd1a025d9b9af5a8d4ff8c5a033

Capitalist, corrupt America is fucked and fuckable

[Will Hunting]

Wow this guy is one massive piece of shit.

A dead justice, economy in ruins and this guy is putting the cherry on top by not minding a government shutdown.

https://news.yahoo.com/mcconnell-unexpectedly-rejects-democrats-funding-174800884.html
I say add the farmer welfare that Cocaine Mitch wants, Trump will then end up finding a way to blow the deal up and have egg on his face.

[DMC]

because you’re really really dumb, and think that you can fool people that you’re not just another piece of shit cowardly trumper

:lol your Bonnerific is showing

[boutons_deux]

https://scontent-dfw5-2.xx.fbcdn.net/v/t1.0-9/119901720_1039762763119984_4583940634261857881_n.j pg?_nc_cat=1&_nc_sid=730e14&_nc_ohc=MuVSSKIzWlcAX_Mob7k&_nc_oc=AQkok6kAK4QXV1pcegax2p262LVdYCI9CGgK90_hWqA EvytdHgxrSECklOw-z-MkZq0&_nc_ht=scontent-dfw5-2.xx&oh=43016085431f8ee3815a1a706b2b5903&oe=5F90C2CC

[johnsmith]

you’re really dumb

Gosh....that will teach me!

Go (whichever side you root for)!!

[johnsmith]

because you’re really really dumb, and think that you can fool people that you’re not just another piece of shit cowardly trumper

Wow....I mean, it’s comments like this one that are really convincing me to vote blue!

Go Federal Government!

[Bogie]

Wow....I mean, it’s comments like this one that are really convincing me to vote blue!

Go Federal Government!

you are a trumper. You were never going to vote blue to begin with. Quit insulting people’s intelligence.

[Bogie]

:lol your Bonnerific is showing


it’s been a tough couple weeks for you. Its not surprising you are mad at people for taking you to the woodshed. It’s also not surprising that you only have spurtacular as an ally at this point.

[johnsmith]

you are a trumper. You were never going to vote blue to begin with. Quit insulting people’s intelligence.

Bruh....once you start thinking you know people on an anonymous message board, it means you need to log off and get a fucking life. You don’t know a fucking thing about me or my beliefs....you don’t know my friends, my family, whom I voted for in the past, what teams I like, where I live, and on and on. You’re a fucking dork that needs to go get fresh air.

[Winehole23]

we all need more fresh air, johnsmith :lol

[johnsmith]

we all need more fresh air, johnsmith :lol

Yeah, that’s for sure....I haven’t stopped working since the pandemic began and I’m traveling a fair bit....I already didn’t like people in general but they’re so so much worse now!

[Winehole23]

Yeah, that’s for sure....I haven’t stopped working since the pandemic began and I’m traveling a fair bit....I already didn’t like people in general but they’re so so much worse now!Sorry to hear that, do you work over the road, or do you fly from place to place?

[johnsmith]

Sorry to hear that, do you work over the road, or do you fly from place to place?

Nah, just from Austin down to the coast and the valley....I completely changed career paths about 14 months ago and this has been pretty good, but the pandemic (like it has for everyone) has really sucked to deal with.

[DMC]

Bruh....once you start thinking you know people on an anonymous message board, it means you need to log off and get a fucking life. You don’t know a fucking thing about me or my beliefs....you don’t know my friends, my family, whom I voted for in the past, what teams I like, where I live, and on and on. You’re a fucking dork that needs to go get fresh air.

That pretty much nails Bogieriffic to the tree of woe.

Maybe that fat buck tooth motherfucker will find another hobby.

[DMC]

Nah, just from Austin down to the coast and the valley....I completely changed career paths about 14 months ago and this has been pretty good, but the pandemic (like it has for everyone) has really sucked to deal with.

You're a goddamn motherfucking cocksucking piece of shit faggot ass Trumper and you should die.

[Winehole23]

Nah, just from Austin down to the coast and the valley....I completely changed career paths about 14 months ago and this has been pretty good, but the pandemic (like it has for everyone) has really sucked to deal with.I used to sell wine in South Texas and the RGV. I sure miss the people, but the windshield time got to me after four years or so.

1,000 mile route twice a month.

[johnsmith]

I used to sell wine in South Texas and the RGV. I sure miss the people, but the windshield time got to me after four years or so.

1,000 mile route twice a month.

Yeah it can get to you eventually for sure....my industry allows me a lot of face to face time along with a lot of walking though so it’s a good way to break up the monotony of driving.

In 14 months I’ve put 41k miles on my truck (company owned thank god)!

[johnsmith]

That pretty much nails Bogieriffic to the tree of woe.

Maybe that fat buck tooth motherfucker will find another hobby.

Which troll is she? I assume derp but it could be countless other losers?

[baseline bum]

I used to sell wine in South Texas and the RGV. I sure miss the people, but the windshield time got to me after four years or so.

1,000 mile route twice a month.


Ugh if you bugged my car when I'm in traffic it would sound like a koriwhat post.

[Winehole23]

Ugh if you bugged my car when I'm in traffic it would sound like a koriwhat post.My hazards were more falling asleep driving or getting too tipsy with my customers. My rule of thumb was to spit everything while the sun was up.

(When i started, I had no rule of thumb. Fun times!)

[Bogie]

Bruh....once you start thinking you know people on an anonymous message board, it means you need to log off and get a fucking life. You don’t know a fucking thing about me or my beliefs....you don’t know my friends, my family, whom I voted for in the past, what teams I like, where I live, and on and on. You’re a fucking dork that needs to go get fresh air.

you do realize there’s a history feature on this site, right?

try again to pretend to be offended trumper.

[Bogie]

That pretty much nails Bogieriffic to the tree of woe.

Maybe that fat buck tooth motherfucker will find another hobby.


again you’re projecting. It’s odd you obsess. That guy must have really broke you. As I have seen, you’re pretty fragile

[johnsmith]

you do realize there’s a history feature on this site, right?

try again to pretend to be offended trumper.

You’re a garbage person that is so pathetic she can’t even log into the forum with the same name she usually uses. Imagine being such a pussy that you can’t even pretend to be the same person online and completely anonymous.

[Bogie]

You’re a garbage person that is so pathetic she can’t even log into the forum with the same name she usually uses. Imagine being such a pussy that you can’t even pretend to be the same person online and completely anonymous.

I would deflect to attacking the messenger when you get exposed too.

you are definitely trumper through and through.

[koriwhat]

You’re a garbage person that is so pathetic she can’t even log into the forum with the same name she usually uses. Imagine being such a pussy that you can’t even pretend to be the same person online and completely anonymous.

lol welcome to my world of bitching about the same damn thing. this site has been infiltrated by nothing but weak fucking pussies pretending to be tough behind the anonymous handles.

[Winehole23]

unclench, Bogie, you're not the French Resistance.

(yet)

[koriwhat]

I would deflect to attacking the messenger when you get exposed too.

you are definitely trumper through and through.

who cares if he is? what's it matter commie?

[koriwhat]

unclench, Bogie, you're not the French Resistance.

(yet)

you bitches pretend to be tough but a real revolution would have yall piled high with the other dead.

[DMC]

again you’re projecting. It’s odd you obsess. That guy must have really broke you. As I have seen, you’re pretty fragile

"that guy"

:lmao

[ChumpDumper]

you bitches pretend to be tough but a real revolution would have yall piled high with the other dead.:lol you're not even tough enough to handle someone replying to your posts.

[Winehole23]

lol i remember back when we had commies in the USA. fun times.

you don't see too many of them any more, has someone complained?

[koriwhat]

idc what you have to say CumDumpster. concern yourself more with your obese wife's impending health crisis to come. :tu

[DMC]

Which troll is she? I assume derp but it could be countless other losers?

Not a troll, per se. It's Bonnerific who was banned for tweaking off, returned and cannot hold back the mentally retarded meltdowns. :lol

[ChumpDumper]

idc what you have to say CumDumpster. concern yourself more with your obese wife's impending health crisis to come. :tu:lol like clockwork

[DMC]

:lol like clockwork

Your wife has health problems from being obese?

[ChumpDumper]

Your wife has health problems from being obese?Like clockwork, you jump in with your little narrative.:lmao

[Bogie]

unclench, Bogie, you're not the French Resistance.

(yet)

Why do people think that pretending they aren’t trumper somehow gives their trumper talking points more merit?

[Winehole23]

Why do people think that pretending they aren’t trumper somehow gives their trumper talking points more merit?I really do recommend unclenching, followed by a round of deep, slow, meditiative breathing.

YMMV.








(Drinks a beer.)

[Bogie]

Not a troll, per se. It's Bonnerific who was banned for tweaking off, returned and cannot hold back the mentally retarded meltdowns. :lol

He definitely broke you. Did you get caught lying about yourself then, too? Because when you get shit on, like has become the theme, you lash out like a child.

I guess that would explain why you worry about that so much.

[Bogie]

I really do recommend unclenching, followed by a round of deep, slow, meditiative breathing.

YMMV.








(Drinks a beer.)

there is no stress. I come from a family of 8, 6 boys. Making fun of a guy for lying leads to him melting down.

that’s funny

but he’s not going to vote for Biden because of me. Right

and of course the history function.

[Winehole23]

there is no stress. I come from a family of 8, 6 boys. Making fun of a guy for lying leads to him melting down.

but he’s not going to vote for Biden because of me. Right

and of course the history function.Wtf are you talking about? Some arcane beef with johnsmith?

Go for it.

[Bogie]

Wtf are you talking about? Some arcane beef with johnsmith?

Go for it.

nope. Just making fun of “honest brokers”

do you consider yourself a constitutionalist? I read some of your links, and I get that libertarian vibe. Am I right on that?

[Winehole23]

nope. Just making fun of “honest brokers”

do you consider yourself a constitutionalist? I read some of your links, and I get that libertarian vibe. Am I right on that?I'm not doctrinaire.

No doubt, ten years ago I was probing a more distinctly libertarian vein, but I'm not in hock to any ideology. They all fail. I don't consider myself particularly libertarian now. For example, I like libertarianism way better than any actual libertarians. For me, that's a knock on my bad taste and libertarianism itself.

To answer your direct question, I do not consider myself a constitutionalist, but I'll also confess I'm not sure what you mean by that.

What do you mean?

[Bogie]

I'm not doctrinaire.

No doubt, ten years ago I was probing a more distinctly libertarian vein, but I'm not in hock to any ideology. They all fail. I don't consider myself particularly libertarian now. For example, I like libertarianism way better than any actual libertarians. For me, that's a knock on my bad taste and libertarianism itself.

To answer your direct question, I do not consider myself a constitutionalist, but I'll also confess I'm not sure what you mean by that.

What do you mean?

i think everyone who went to college, and majored in poly sci has delved into the idea of libertarianism. We all Read atlas shrugged and the fountainhead. Like any philosophy, in a vacuum it can be very appealing.

I think you’re right, people today who self identify as libertarians are the absolute worst examples of the philosophy.

but then I have friends who claim strict adherence to the constitution as some sort of living breathing document, yet misrepresent the ideals of the founding fathers, make me dislike the concept of the document even more, considering how far removed they are from those principles.

I am just curious with my question. You seem to be mostly reasonable I was wondering where you fell

[Winehole23]

(English, with minors in Spanish and Philosophy)

[DMC]

He definitely broke you. Did you get caught lying about yourself then, too? Because when you get shit on, like has become the theme, you lash out like a child.

I guess that would explain why you worry about that so much.

Keep responding to me horse mouth.

[Bogie]

Keep responding to me horse mouth.

keep lashing out like a child because you’re mad you got exposed to a website full of strangers.

I mean it’s obvious how fragile your little ego is. And that somehow you have gained every ounce of self worth from this site.

Someone mentioned you have grandchildren and a wife and a family. But you ignore them to be on here 14 hours a day. So the real question is are you just a shitty father? Or did you make all that up too?

[DMC]

keep lashing out like a child because you’re mad you got exposed to a website full of strangers.

I mean it’s obvious how fragile your little ego is. And that somehow you have gained every ounce of self worth from this site.

Someone mentioned you have grandchildren and a wife and a family. But you ignore them to be on here 14 hours a day. So the real question is are you just a shitty father? Or did you make all that up too?

All that from horse mouth? :lol

I know that must have hit home.

[Bogie]

All that from horse mouth? :lol

I know that must have hit home.

Did you lie about having a wife and family? Or are you a terrible parent?

[DMC]

Did you lie about having a wife and family? Or are you a terrible parent?

Was I right about your horse mouth? :lol

[Bogie]

Was I right about your horse mouth? :lol

no. Did you lie about having a wife and family? Or are you a terrible father and husband?

[DMC]

no. Did you lie about having a wife and family? Or are you a terrible father and husband?

:lol liar

You could eat cabbage through a barbed wire fence.

[johnsmith]

I would deflect to attacking the messenger when you get exposed too.

you are definitely trumper through and through.
Fucking loser

[johnsmith]

there is no stress. I come from a family of 8, 6 boys. Making fun of a guy for lying leads to him melting down.

that’s funny

but he’s not going to vote for Biden because of me. Right

and of course the history function.

You’re such a little bitch that in your pea brain, someone can’t lean conservative and not vote for trump....my views on the world haven’t changed, I still agree with a tremendous amount of conservative philosophy and I think snowflakes like yourself is what leads to trump winning. People see the types of posts you make and they want to vote the other way because you’re such a little bitch.

Imagine getting banned on an anonymous message board and then coming back under a different name when You’re obviously not wanted.

Fuck, you still live at home with your parents! You’re just a child.

Oh, and I wouldn’t vote for Biden in a million fucking years you slob.

[boutons_deux]

Repugs financed their BigDonor class with CARES Act,

now they tell non-BigDonors to fuck off and STFU

https://scontent-dfw5-2.xx.fbcdn.net/v/t1.0-9/s1080x2048/119703285_3325320264180927_6907000103349152439_o.p ng?_nc_cat=102&_nc_sid=730e14&_nc_ohc=aKb0mGDpwBYAX9BALNm&_nc_ht=scontent-dfw5-2.xx&oh=efaeadd6aacdd31e554c6498d3fd73b3&oe=5F90CA2E

[Bogie]

You’re such a little bitch that in your pea brain, someone can’t lean conservative and not vote for trump....my views on the world haven’t changed, I still agree with a tremendous amount of conservative philosophy and I think snowflakes like yourself is what leads to trump winning. People see the types of posts you make and they want to vote the other way because you’re such a little bitch.

Imagine getting banned on an anonymous message board and then coming back under a different name when You’re obviously not wanted.

Fuck, you still live at home with your parents! You’re just a child.

Oh, and I wouldn’t vote for Biden in a million fucking years you slob.

as I said, you’re a worthless lying fuck.

you’re an insecure small little man that melted down like a bitch when you got pushed. You’re everything a trumper is. You’re a sad pathetic frightened little boy.

You’re reaction for being called out for lying is pure gold though, and extremely telling about your lack of character

[Bogie]

:lol liar

You could eat cabbage through a barbed wire fence.

is supposedly having a family just another lie you tell? Or are you just as shitty at that as you are a person?

[Winehole23]

stimulus gridlock could knock five points off Q4 GDP

https://www.bloomberg.com/news/articles/2020-09-22/u-s-stimulus-gridlock-set-to-knock-5-points-of-4q-gdp-chart

[DMC]

is supposedly having a family just another lie you tell? Or are you just as shitty at that as you are a person?

If you sneeze you'll stab yourself in the chest

[boutons_deux]

stimulus gridlock could knock five points off Q4 GDP

https://www.bloomberg.com/news/articles/2020-09-22/u-s-stimulus-gridlock-set-to-knock-5-points-of-4q-gdp-chart

didja know that $600/week REDUCED USA poverty level?

The Repugs simply don't care. Their BigDonor class "got paid" with CARES act.

[boutons_deux]

New USDA Records Show Trade Bailout and Coronavirus Payments Went to the Largest Farms

https://www.commondreams.org/views/2020/09/22/new-usda-records-show-trade-bailout-and-coronavirus-payments-went-largest-farms?cd-origin=rss

[boutons_deux]

Fed calls for more fiscal stimulus.

to combat the coronavirus (https://www.cnbc.com/coronavirus/) pandemic’s ongoing impact.

“Many borrowers will benefit from these programs,

as will the overall economy,” Powell said.

“But for others, a loan that could be difficult to repay might not be the answer, and

in these cases, direct fiscal support may be needed.”

Market watchers can agree on one thing: There is a need for further fiscal stimulus.

https://www.cnbc.com/2020/09/23/fed-calls-for-more-fiscal-stimulus-market-analysts-on-whats-next.html

[Trainwreck2100]

these fuckers drag their ass to help people but when they need a judge they're sonic the fucking hedgehog

[boutons_deux]

Unemployment Claims Rise as Job Rebound Loses Momentum -

New filings for unemployment benefits rose last week,

signaling continued layoffs even before autumn chills outdoor business.

https://www.nytimes.com/2020/09/24/business/economy/unemployment-claims.html

flu + C19 will make for horrible next 6 or 7 months

Then Trash, having lost by 5+ points, will go full insane "Nero Decree" from 3 Nov to 20 Jan.

[boutons_deux]

FHA Mortgage Delinquencies Hit Record 17.4%,

as Fed Triggers Mad Land-Rush in Split Housing Market

Atlanta metro: 53,000 FHA mortgages are delinquent.

Houston metro, 47,000.

Just FHA, not including other delinquent mortgages.

And when forbearance ends?

https://wolfstreet.com/2020/09/25/fha-mortgage-delinquencies-hit-record-17-4-subprime-higher-risk-in-deep-trouble-even-as-fed-policies-trigger-mad-land-rush-in-split-housing-market/

[Winehole23]

Social misery is someone else's investment opportunity, it sure helps to have cash on hand, did you hear how Ed Sheeran has been buying distressed property in England?

https://www.dailymail.co.uk/tvshowbiz/article-8762093/Ed-Sheerans-property-portfolio-worth-61m-snapped-new-homes-lockdown.html

[boutons_deux]

Social misery is someone else's investment opportunity, it sure helps to have cash on hand, did you hear how Ed Sheeran has been buying distressed property in England?

https://www.dailymail.co.uk/tvshowbiz/article-8762093/Ed-Sheerans-property-portfolio-worth-61m-snapped-new-homes-lockdown.html

yep, distressed property will see vulture Capitalists pick over the carcasses, esp commercial.

[Winehole23]

your call will be answered in the order received

https://www.jsonline.com/story/news/politics/2020/09/25/less-than-1-calls-unemployment-call-centers-were-answered/3529690001/

[boutons_deux]

Coronavirus Recession is NOT bottoming out –

new jobless insurance claims hit 1.5 million again

http://redgreenandblue.org/2020/09/27/coronavirus-recession-not-bottoming-new-jobless-insurance-claims-hit-1-5-million/

[Winehole23]

https://pbs.twimg.com/media/EjBBkxiX0AEfP_7?format=png&name=large

[boutons_deux]

Half of Americans who lost their job during the pandemic still don’t have one

The finding comes in a new Pew study that also found many Americans struggling to pay bills.

while 58 percent of upper- and middle-income adults who lost a job due to the coronavirus have returned to their old job or gotten a new one,

only 43 percent of lower-income adults have been able to do the same.

https://www.vox.com/policy-and-politics/2020/9/27/21458234/coronavirus-jobs-unemployment-rate

[Winehole23]

stimulus negotiations seem to have started






Reinstate the $600 per week enhanced unemployment benefit through January
Send a second $1,200 direct payment to most Americans
Give $436 billion in relief over one year to state and local governments
Authorize more money for a second round of Paycheck Protection Program loans for the hardest-hit businesses and industries
Send $25 billion to airlines to cover payroll costs
Inject $75 billion into Covid-19 testing and contact tracing efforts
Put $225 billion into education and $57 billion into child care
Set aside billions for rental and mortgage assistance




https://www.cnbc.com/2020/09/29/pelosi-mnuchin-set-to-talk-as-.html

[ChumpDumper]

Not quite dead yet.

1311415859232083969

[boutons_deux]

Not quite dead yet.

1311415859232083969

Moscow Mitch is reducing it to uselessness, "very far apart", and will probably block it completely until after the election

[boutons_deux]

Survey shows 60% of US families struggling to get by as McConnell dismisses new COVID-19 relief bill

On the Senate floor Wednesday, Majority Leader Mitch McConnell indicated once again that

he has no intention of providing badly-needed aid to struggling families across the U.S.

even as new research found that nearly two-thirds of households with children are having trouble making ends meet.

McConnell dismissed the Democratic Party's latest version of the HEROES Act as a "political stunt,"

making it clear that like the bill which passed in the House in May—which has now languished in the Senate for 138 days—the $2.2 trillion relief package which House Democrats unveiled (https://www.commondreams.org/news/2020/09/29/ball-now-court-senate-republicans-gop-urged-immediately-pass-democrats-22-trillion) on Monday ...

is not likely to reach the millions of families who need it.

the results of a survey (https://drive.google.com/file/d/13Z9HD5V9_Ir7Udmlgqkw5aSVi_TLv0rF/view) taken in July and August of 3,400 adults including 1,000 with children at home, finding that

60% of respondents in the latter group have lost jobs or businesses or have otherwise had their incomes reduced since the coronavirus pandemic began in March.

Sixty-one percent of families reported having "serious financial problems" during the public health and economic crisis.

Just over half of white families said they have been facing severe difficulties affording necessities like mortgages or rent, credit card bills, groceries, and medical expenses,

while a higher share of people of color reported trouble making ends meet.

Eight-six percent of Latino families and 66% of Black families said they are facing serious economic strife.

"The numbers of people in trouble, that is the shock,"

"It's a very large number of people who can't pay the basics."

long-term impacts of the crisis on the children of families who are struggling, as school-age children face social isolation due to remote schooling while also coping with their parents' financial hardships.

https://www.alternet.org/2020/10/survey-shows-60-of-us-families-struggling-to-get-by-as-mcconnell-dismisses-new-covid-19-relief-bill/

BigFinance will buy Bitch Mitch another term, as quid pro quo for reducing taxes, adding loopholes.

[boutons_deux]

Job Cuts Continue at Staggering Pace

Unemployment claims show little relief from pandemic layoffs.

American employers continue to cut jobs at rates that dwarf the pace of layoffs in past decades, even as the economy crawls forward from the coronavirus-induced recession that began last spring.

The Labor Department reported Thursday that 787,000 Americans filed for state unemployment benefits for the first time last week, a decline from the previous week’s total of 827,000. These figures, unadjusted for seasonal variations, are

roughly four times the weekly tally of claims from before the pandemic.

Applications for Pandemic Unemployment Assistance, an emergency federal program aimed at independent contractors, gig workers and part-time employees, totaled 650,000.

“It’s unclear how many companies can sustain themselves and retain payrolls that support incomes,”

“A solid rebound in job growth is now looking more muted.”

Disney, whose theme parks in Florida and California have been hard hit by a shortage of visitors, said Tuesday that it would lay off 28,000 workers (https://www.nytimes.com/2020/09/29/business/disney-theme-park-workers-layoffs.html).

https://www.nytimes.com/live/2020/10/01/business/stock-market-today-coronavirus

[boutons_deux]

American and United cutting 32,000 jobs as federal aid plans stall
https://www.cnn.com/2020/09/30/business/airline-job-cuts/index.html

(https://www.cnn.com/profiles/chris-isidore)

[boutons_deux]

When Capitalists own and operate the govt For The Capitalists, Capital will always screw Labor.

What is the role of govt if not to solve problems and help the country in distress?

(rather than helping the country INTO distress)

[TampaDude]

10/1/2020 the day of reckoning is here.

Eviction moratoriums end.
Airline layoff restrictions end.

Down the fuckhole we go!

Yippeeeee!

[TimDunkem]

10/1/2020 the day of reckoning is here.

Eviction moratoriums end.
Airline layoff restrictions end.

Down the fuckhole we go!

Yippeeeee!
Ruh roh. Big businesses flailing. Stimulus incoming confirmed. :lol

[TimDunkem]

.

[boutons_deux]

Millions of Americans risk losing power and water

as massive, unpaid utility bills pile up

More than 179 million people may be at risk for shut-offs as many state protections end.


https://www.washingtonpost.com/business/2020/10/01/power-water-gas-bills (https://www.washingtonpost.com/business/2020/10/01/power-water-gas-bills/?utm_campaign=wp_to_your_health&utm_medium=email&utm_source=newsletter&wpisrc=nl_tyh&wpmk=1&pwapi_token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.e yJjb29raWVuYW1lIjoid3BfY3J0aWQiLCJpc3MiOiJDYXJ0YSI sImNvb2tpZXZhbHVlIjoiNTk3NDBkYjNhZGU0ZTIxYTg0OTNmZ GFlIiwidGFnIjoiNWY3NjQxMWY5ZDJmZGEwZWZiM2IwNWQ2Iiw idXJsIjoiaHR0cHM6Ly93d3cud2FzaGluZ3RvbnBvc3QuY29tL 2J1c2luZXNzLzIwMjAvMTAvMDEvcG93ZXItd2F0ZXItZ2FzLWJ pbGxzLz91dG1fY2FtcGFpZ249d3BfdG9feW91cl9oZWFsdGgmd XRtX21lZGl1bT1lbWFpbCZ1dG1fc291cmNlPW5ld3NsZXR0ZXI md3Bpc3JjPW5sX3R5aCZ3cG1rPTEifQ.QAj7Aui17dwp8qjt3S qXiq8qCEtMZo-_lS1aUbPbs1E)

[boutons_deux]

"companies such as

Disney and

the insurance provider Allstate

plan to lay off thousands

of workers before the end of the year,

undercutting hopes that the economy will rebound quickly from its collapse in the spring."

-- WAPO email

I wonder how many unemployed will still vote Repug?

[boutons_deux]

Here’s what the latest $2.2 trillion stimulus bill from Democrats includes


The updated HEROES Act (https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/SUPP_SEP_01_ALL_xml.2020.9.28.1753.pdf) provides another round of stimulus payments (https://www.cnbc.com/2020/09/29/democrats-new-stimulus-bill-includes-updated-plan-for-1200-checks.html) of up to

$1,200 to individuals earning an adjusted gross income of up to $75,000 and

$2,400 for couples earning up to $150,000,

as well as an additional $500 per dependent,

which includes full-time students below age 24 and adult dependents.

The new legislation restores the $600 weekly enhanced federal unemployment payments through January 2021.

Democrats also aim to provide a transition period at the end of January 2021 to prevent unemployment benefits from abruptly ending before March 31.

The bill also extends the Pandemic Unemployment Assistance program, which specifically covers business owners, self-employed Americans, gig workers and independent contractors who are not typically eligible for unemployment, through January 2021.

Democrats are proposing a new program called Pandemic Emergency Unemployment Extension Compensation, which would provide up to 13 additional weeks of federally financed unemployment benefits to any individual who exhausts state or federal unemployment benefits before January 31, 2021.

The bill also earmarks $925 million to assist states in processing unemployment insurance claims.

To help “keep over 2.2 million families stably housed,” (https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/Updated%20Heroes%20Act%20Summary.pdf) Democrats earmarked $4 billion to public housing agencies (PHAs), including $1 billion for vouchers for those who are homeless or at risk of becoming homeless,

The legislation allocates $5 billion for homeless assistance grants and $50 billion to provide emergency assistance to low-income renters who may be at risk of homelessness due to eviction.

It also gives $100 million to the Neighborhood Reinvestment Corporation (NeighborWorks) to support housing counselors in providing increased services, including foreclosure and eviction mitigation counseling.

Yet to trim the legislation cost from the proposed $3.4 trillion to $2.2 trillion,

Democrats cut funding for state, local and tribal government support,

as well as reduced funding to the U.S. Postal Service.

https://www.cnbc.com/2020/09/29/whats-included-in-democrats-latest-coronavirus-relief-bill.html (https://www.cnbc.com/2020/09/29/whats-included-in-democrats-latest-coronavirus-relief-bill.html?fbclid=IwAR08unFXlO41dv009Apc7ZkRUZOPFtc jmqv1yS0uOUA1oSLHqPDBUMHGE54)

[Winehole23]

Corporate consolidation was hastened by COVID-19 and the CARES Act


The next six months could witness one of the biggest consolidations of corporate power in the United States in almost a century, yet a variety of legal and economic factors may leave the federal government unable to stop it.


The essence of the problem is that during the extended economic crisis created by the coronavirus pandemic, many large companies — and especially their stock market values — have been growing rapidly while their small business competitors have faced something of an apocalypse. More than 400,000 small businesses (https://www.hamiltonproject.org/assets/files/PP_Hamilton_Final.pdf) have already closed and millions more are at risk.


Indeed, the death of these competitors may be part of why the stock market is up so much from its low point in March. Whether the sector (https://www.nytimes.com/2020/04/28/business/coronavirus-stocks.html)is technology, home building, pharmaceuticals or telecommunications, investors seem thrilled with the prospect that big companies will eventually see an expansion of demand but not face as much competition. The stock market’s growth (https://www.longtermtrends.net/large-cap-vs-small-cap/) has been disproportionately concentrated among the biggest publicly traded firms.
https://www.nytimes.com/2020/09/30/business/big-companies-are-starting-to-swallow-the-world.html

[boutons_deux]

"consolidations of corporate power"

The Capitalist oligarchy's vampire squid will suck the non-oligarchy dry, citizens enslaved in permanent financial precarity, paying interest on debt, if not outright poverty, desperation forcing them to take shitty pay and shitty jobs.

[pgardn]

https://apple.news/AKsmDB4RfTeaWZ1dyx1ogSg

hey red team

let’s all get sick and do nothing.

[ChumpDumper]

G:lolP Senat:lolrs

1313459753738145795

[Winehole23]

small businesses taking it on the chin


From March through mid-July, over 420,000 small businesses – or 7.1% of all small businesses – permanently and quietly closed their doors, more than typically in an entire year, according to a study (https://www.hamiltonproject.org/assets/files/PP_Hamilton_Final.pdf) by Brookings, released in September.


The analysis found that “many small businesses are financially fragile and not equipped to weather a prolonged period of substantially reduced revenues”:




47% rely on personal funds of the owner to fill a two-month revenue drop.
88% rely on the personal credit score of the owner (such as working capital funded by personal credit cards).
Only 44% have had a bank loan over the past five years.


Small businesses account for about 99% of all businesses in the US and about 47% of jobs in businesses. If these 420,000 businesses are representative of national employment, “this means we have lost at least 4 million jobs that will only return with the creation of new businesses,” the report said.


Small businesses are prone to failure. But also many new small businesses are being created. This process of new businesses being created has now restarted strongly, but has been far outstripped by the tsunami of business closures. The report:



Even if for the remainder of the year losses simply keep pace with those in previous years, we will see a doubling of the ordinary annual rate of small business losses to more than 700,000 (or 12 percent).


That likely optimistic scenario would see around 50 percent more business losses than at the peak of the Great Recession, and the largest loss of small businesses since records began in 1977.
https://wolfstreet.com/2020/10/06/twisted-bailout-economy-chapter-11-bankruptcies-surged-but-commercial-chapter-13-bankruptcies-plunged-420000-small-businesses-closed-quietly-highest-rate-ever/

[Will Hunting]

small businesses taking it on the chin

https://wolfstreet.com/2020/10/06/twisted-bailout-economy-chapter-11-bankruptcies-surged-but-commercial-chapter-13-bankruptcies-plunged-420000-small-businesses-closed-quietly-highest-rate-ever/
Maybe it’s time small business owners stop falling for the bullshit about how the GOP is the party that cares about small businesses.

Don’t get mad about austerity when you’re laser focused on paying as little taxes as possible when times are good without considering what happens when times get tough.

[boutons_deux]

As job loss strips Americans of health insurance, diabetics turn to insulin-sharing underground

The people in the networks share extra insulin for free when they have it.

https://www.dallasnews.com/business/health-care/2020/10/07/as-job-loss-strips-americans-of-health-insurance-diabetics-turn-to-insulin-sharing-underground/

There probably have been insulin deaths, and there will continue to be more collateral deaths from The Trump-Made Pandemic catastrophe, as Moscow Mitch plays politics and doesn't give the tiniest fuck about the suffering and deaths he is DIRECTLY causing.

Another class of collateral deaths that increasing from opioids as stress pushes people to relief.

[Winehole23]

This distribution is bad and bodes ill for the future

1314213963282829313

[boutons_deux]

Not a peep from the fiscal hawks the, but now screaming to stop HEROES Act for Labor

How the Cares Act gave millions to energy companies with no strings attached


At least 133 companies received a total of more than $5 billion in refunds.


https://www.washingtonpost.com/climate-environment/2020/10/06/cares-act-money-companies (https://www.washingtonpost.com/climate-environment/2020/10/06/cares-act-money-companies/?utm_campaign=wp_energy_and_environment&utm_medium=email&utm_source=newsletter&wpisrc=nl_green&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F2c098d8%2F5f7f53d99d2fda0efb430a5a%2F59740db3 ade4e21a8493fdae%2F22%2F46%2Fe38550bb0d5ab47cac394 9357257135f)

[Winehole23]

Not a peep from the fiscal hawks the, but now screaming to stop HEROES Act for Labor

How the Cares Act gave millions to energy companies with no strings attached


At least 133 companies received a total of more than $5 billion in refunds.


https://www.washingtonpost.com/climate-environment/2020/10/06/cares-act-money-companies (https://www.washingtonpost.com/climate-environment/2020/10/06/cares-act-money-companies/?utm_campaign=wp_energy_and_environment&utm_medium=email&utm_source=newsletter&wpisrc=nl_green&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F2c098d8%2F5f7f53d99d2fda0efb430a5a%2F59740db3 ade4e21a8493fdae%2F22%2F46%2Fe38550bb0d5ab47cac394 9357257135f)As designed.

It's a two-tier bailout and you and me aren't on the top tier.

[boutons_deux]

840K NEW unemployment applications last week

Obviously, the Repugs were LYING when they said $600/week was keeping shitty-wage workers from returning to work.

"a study showed" that people getting $600 DID return to work.

=============

"865,000 women dropped out of the U.S. workforce in September."

-- WaPo email

[Winehole23]

Trump caves, stimulus shortly forthcoming unless Mitch fucks it up.

1314598562098024454

[boutons_deux]

As designed.

It's a two-tier bailout and you and me aren't on the top tier.

... speak for yourself, please :)

and what we see now is McConnell refusing to help the lower tier with HEROES Act

because it's not his source of funds.

He took care of his upper tier with CARES.

Want something to happen in Congress? pay up, many $Ms. Nothing happens unless Congress get paid.

The corruption is deep, wide, total, is unstoppable, beyond remediation. (including SCOTUS)

America is fucked and unfuckable.

[ElNono]

Trump caves, stimulus shortly forthcoming unless Mitch fucks it up.

1314598562098024454

We'll see if they have the Senate votes. Maybe they'll take advantage of some GOP senators being COVID-ed.

[boutons_deux]

Proving that Moscow Mitch is the most powerful, most dangerous, most legally sadistic man in USA

McConnell says stimulus bill is 'unlikely in the next 3 weeks'

as Trump insists 'negotiations are moving along'

https://theweek.com/speedreads/942851/mcconnell-says-stimulus-bill-unlikely-next-3-weeks-trump-insists-negotiations-are-moving-along

BigFinance spending $10Ms to re-purchase Mitch's re-election, and also enough Repug Senators to kneecap a Dem Pres and Dem House, just a McC has blocked 400+ Dem bills in 2019/20.

[Trainwreck2100]

Trump caves, stimulus shortly forthcoming unless Mitch fucks it up.

1314598562098024454

I doubt the Dems cave even to 1.8 because no way mitch puts it through without the liability protections

[Winehole23]

NYC defunds teachers

1314378182238318594

[boutons_deux]

I doubt the Dems cave even to 1.8 because no way mitch puts it through without the liability protections

Dems already removed nearly $1T from HEROES that was intended for state, muni budgets, PPE

Mitch already said he ain't approving ANYTHING from the Dems.

[boutons_deux]

1.3 million people filed initial unemployment insurance claims last weekIt is terrible economics to pause stimulus talks

Another 1.3 million (https://www.dol.gov/ui/data.pdf) people applied for unemployment insurance (UI) benefits last week.

That includes 840,000 people who applied for regular state UI and

464,000 who applied for Pandemic Unemployment Assistance (PUA).

PUA is the federal program for workers who are not eligible for regular unemployment insurance, like gig workers.

It provides up to 39 weeks of benefits, but it is set to expire at the end of this year.

https://www.epi.org/blog/1-3-million-people-filed-initial-unemployment-insurance-claims-last-week-it-is-terrible-economics-to-pause-stimulus-talks/

[boutons_deux]

• Survey: 60 million Americans think someone in their household will lose income in the next four weeks:

Either they will lose a job or take a cut in pay, they say.

That scary number is down from the 62.3 million who thought the same in the

Census Bureau’s previous Household Pulse Survey a month ago.

The latest survey found that more than 27% of Americans aged 25 to 54—

which labor experts consider the prime working years—

expect either themselves or someone they live with will lose income during October.

The pandemic is hitting households of people of color especially hard financially.

https://images.dailykos.com/images/867510/large/ScreenShot2020-10-09at11.21.30PM.png?1602310922

https://www.dailykos.com/stories/1985264

[Winehole23]

the "v-shaped recession" is happy horseshit

1315342133298069504

[boutons_deux]

For-profit healthcare by Capitalists is a heavenly utopia.

Thousands of Bay Area seniors left scrambling as financial woes strike Medicare Advantage plan

Hospitals in Santa Clara County are terminating their agreements with Vitality, leaving seniors insured through the company in the lurch

A Southern California insurance company’s financial woes are sending thousands of seniors in Santa Clara and San Joaquin counties scrambling for health care coverage amid the ongoing coronavirus pandemic.

The main issue is Vitality’s dire financial situation.

The company is required to maintain what’s called tangible net equity — basically a few million dollars in financial reserves.

Yet, as of this summer, according to the Department of Managed Health Care, the company had negative working capital and owed more than $15 million in unpaid provider claims and payments. That figure is now roughly $17 million

a number of local hospitals and surgery centers ... have terminated or announced plans to terminate their agreements with Vitality. That means plan members can’t go to the facilities for non-emergency care

https://www.mercurynews.com/2020/10/11/thousands-of-local-seniors-left-scrambling-as-financial-woes-strike-medicare-advantage-plan/

Medicare Advantage was, is a Repug/Capitalism's strategy to privatize Medicare, with taxpayers paying Medicare Advantage companies 10% more, $100Bs more, then non-Advantage Medicare for the same health care.

Will Repugs bailout Vitality? or let Capitalism fuck over seniors?

[Winehole23]

Central bankers and Mike Bloomberg's newspaper beg for more fiscal stimulus


Risk is early withdrawal of public spending like after 2008

https://www.bloomberg.com/news/articles/2020-10-11/the-next-big-shift-in-economics-takes-shape-under-covid-shadow

[Winehole23]

... speak for yourself, please :lol Ok, Mr. Boss man.

(Sure hope you're taking good care of your serfs. Those hedges aren't going to trim themselves.)

[boutons_deux]

The GOP Is Sabotaging Trump’s Economy a Month Before Election Day.

Here’s Why.

The most plausible explanation for this state of affairs is this:

Most Senate Republicans face no great risk of losing their seats to a Democrat this year or any other.

For them, the main threat to their power is a primary challenge.

And right now, conservative media has turned opposition to fiscal aid into a cause célèbre,

casting support for “blue-state bailouts” as treasonous.

to pass a Pelosi-friendly stimulus deal out of the Senate,

McConnell would have to bring a bill to the floor that a majority of his caucus would vote against.

This would imperil his leadership. And so he is not going to do it.

The problem is also that

the Senate’s bias deforms the GOP by enabling it to ignore public opinion —

and utterly betray the material interests of its own voters —

without ever putting itself out of contention for federal power.

a Senate GOP that can sabotage the economy a month before Election Day and

still retain a shot at retaining power.

That is a problem for the Democratic Party.

But it’s also a problem for the American polity — one that will cost many Americans their businesses, jobs, homes, and lives in the weeks to come.

https://nymag.com/intelligencer/2020/10/why-the-gop-killed-a-stimulus-one-month-before-election-day.html

[Winehole23]

Sure, fuck the Dems by letting all of us twist in the wind. That's a great political strategy.

[Winehole23]

McConnell schedules a procedural vote for a Senate relief package on Monday, the 19th.

https://www.mcall.com/news/nation-world/ct-nw-second-stimulus-check-updates-20201013-og7xrz3zvnafvgny2w6kgplxn4-story.html

[boutons_deux]

Sure, fuck the Dems by letting all of us twist in the wind. That's a great political strategy.

it's NOTHING BUT politics. An oligarchy/Repug politics that doesn't GAF about anything but themselves, which excludes the rest of the country. The oligarchy has pocketed $100Bs in 2020,

so the rest of the country is irrelevant, invisible to them.

They simply don't care about citizens, absolutely don't care about governing

[Winehole23]

it's NOTHING BUT politics. An oligarchy/Repug politics that doesn't GAF about anything but themselves, which excludes the rest of the country. The oligarchy has pocketed $100Bs in 2020,

so the rest of the country is irrelevant, invisible to them.

They simply don't care about citizens, absolutely don't care about governingOf course it's nothing but politics.

(Somebody probably told McConnell his chortling during the debate looked sinister.)

[boutons_deux]

some headlines from Dallas Morning News




Hopes for an airline recovery in 2021 grow bleaker as holiday travel falters (https://link.dallasnews.com/lt.php?i=12330A12865A15A477240)


Half of Texans face financial hardship because of coronavirus pandemic, survey says (https://link.dallasnews.com/lt.php?i=12330A12865A15A477246)

[Trainwreck2100]

Sure, fuck the Dems by letting all of us twist in the wind. That's a great political strategy.

Worked before

[Winehole23]

Worked beforeMay work again. Our political order is allergic to doing things that help people.

[boutons_deux]

Sen. Warren slams Disney for 28,000 fired workers amid stock buyback spree


https://www.alternet.org/2020/10/sen-warren-slams-disney-for-28-000-fired-workers-amid-stock-buyback-spree/

=============

Labor getting screwed.

otoh, Capital ...

Goldman Sachs profits surge despite pandemic

https://www.rawstory.com/2020/10/goldman-sachs-profits-surge-despite

[boutons_deux]

With 42,000 Layoffs Since 2017, AT&T Plans Thousands More Layoffs At HBO, Time Warner


Since 2017, AT&T has received not only a $42 billion tax break (https://www.cbsnews.com/news/at-t-got-a-giant-tax-cut-but-has-laid-off-thousands-union-says/) courtesy of the Trump administration,

but billions more in regulatory favors from the Trump FCC, including the

repeal of net neutrality (https://www.techdirt.com/articles/20190702/09221042510/killing-net-neutrality-rules-did-far-more-harm-than-you-probably-realize.shtml),

the erosion of much of the FCC's authority to police natural telecom monopolies, and

the elimination of broadband-specific privacy rules (https://www.techdirt.com/articles/20170328/09565737026/consumer-broadband-privacy-protections-are-dead.shtml).

In exchange, AT&T promised thousands of "high paying jobs" and a massive spike in investment.

Instead, AT&T fired more than 42,000 employees and trimmed its overall 2020 investment.

AT&T's now doing everything in power to trim its balance sheet. That includes plans to sell DirecTV for a huge loss (https://www.techdirt.com/articles/20201007/09505745460/att-is-taking-absolute-bath-directv-merger.shtml), and thousands more layoffs (https://www.wsj.com/articles/warnermedia-plans-thousands-of-job-cuts-in-restructuring-11602182057) across Time Warner, HBO, and other recently acquired properties:


"AT&T's WarnerMedia is restructuring its workforce as it seeks to reduce costs by as much as 20 percent as the coronavirus pandemic drains income from movie tickets, cable subscriptions and television ads, according to people familiar with the matter.

The overhaul, which is expected to begin in the coming weeks, would result in thousands of layoffs across Warner Bros. studios and TV channels like HBO, TBS and TNT, the people said.


The company's promise that the deal wouldn't result in price hikes for consumers? False (https://www.techdirt.com/articles/20180702/09332640153/fresh-off-merger-att-jacks-up-price-streaming-video-service.shtml).

The company's promise the deal wouldn't result in higher prices for competitors needing access to essential AT&T content like HBO? False (https://www.theverge.com/2018/11/2/18055780/att-dish-hbo-battle-warnermedia-cable-streaming-battle-future).

AT&T's promise they wouldn't hide Time Warner content behind exclusivity paywalls? False (https://www.techdirt.com/articles/20190711/07244942566/att-breaks-another-merger-promise-making-friends-exclusive.shtml).

The idea that the merger would somehow create more jobs at the company? False (https://www.techdirt.com/articles/20190618/07430842417/att-lays-off-thousands-after-nabbing-billions-tax-breaks-regulatory-favors.shtml).

Falsehoods that were all taxpayer subsidized and rubber-stamped thanks to regulatory capture.

https://www.techdirt.com/articles/20201009/10544645474/with-42000-layoffs-since-2017-att-plans-thousands-more-layoffs-hbo-time-warner.shtml

===

Up next, airllines to layoff many 10Ks

[Winehole23]

Sen. Warren slams Disney for 28,000 fired workers amid stock buyback spree


https://www.alternet.org/2020/10/sen-warren-slams-disney-for-28-000-fired-workers-amid-stock-buyback-spree/

=============

Labor getting screwed.

otoh, Capital ...

Goldman Sachs profits surge despite pandemic

https://www.rawstory.com/2020/10/goldman-sachs-profits-surge-despite


As designed, shareholders love it.

[boutons_deux]

Jobless claims rise to the highest level in almost 2 months

The number of Americans filing new jobless claims has unexpectedly risen to the highest level since August.

The Labor Department on Thursday said (https://twitter.com/USDOL/status/1316718037979013121) that

898,000 Americans filed first-time jobless claims last week,

up more than 50,000 claims from the week before.

This was not only more than the 830,000 claims economists had been anticipating but was also the highest number of weekly claims since Aug. 22

https://theweek.com/speedreads/943852/jobless-claims-rise-highest-level-almost-2-months

Was it $600/week keeping people unemployed,

or was it absence of jobs,

which continues and increases.

[boutons_deux]

Coronavirus pandemic plunges millions of Americans into poverty

Two new studies show at least

6m more people now live in poverty

but Cares Act initially alleviated effects of Covid lockdown

https://www.theguardian.com/us-news/2020/oct/15/coronavirus-pandemic-plunges-millions-of-americans-into-poverty

The Repugs/oligarchy DON'T GIVE SHIT

[CosmicCowboy]

Coronavirus pandemic plunges millions of Americans into poverty

Two new studies show at least

6m more people now live in poverty

but Cares Act initially alleviated effects of Covid lockdown

https://www.theguardian.com/us-news/2020/oct/15/coronavirus-pandemic-plunges-millions-of-americans-into-poverty

The Repugs/oligarchy DON'T GIVE SHIT



Nancy won't pass the 1.8 TRILLION relief offered. Looks like it's her that doesn't give a shit.

[Winehole23]

Greater Manchester mayor Andy Burnham attempts to leverage COVID-19 compliance for a bailout of North London


It came as Greater Manchester (https://www.thesun.co.uk/news/12923506/manchester-lancashire-tier-3-lockdown/)’s Labour Mayor Andy Burnham refused to support tougher lockdown measures for the city unless 80 per cent of wages are paid for businesses forced to shut (https://www.thesun.co.uk/news/12911025/boris-johnson-businesses-shut-lockdowns-3k-grants/).


Mr Burnham said the PM could kill off hundreds of thousands of jobs unless the Treasury coughs up more furlough money.https://www.thesun.co.uk/news/12942117/boris-johnson-northern-revolt-manchester-rejects-lockdown/

[boutons_deux]

Munchkin proposed $1.6T, Trash upped it to $1.8T, McConnell, not Pelosi, rejected it.

"Qu'ils mangent de la merde"

[Winehole23]

1316974368233312257

[Winehole23]

Does McConnell have the votes to pass a GOP written bill right now? Not rhetorical.

[Winehole23]

Greater Manchester mayor Andy Burnham attempts to leverage COVID-19 compliance for a bailout of North London



https://www.thesun.co.uk/news/12942117/boris-johnson-northern-revolt-manchester-rejects-lockdown/Back to the pub with you lot. :jekka

[boutons_deux]

Does McConnell have the votes to pass a GOP written bill right now? Not rhetorical.

a few weeks ago the Repug Senate consensus was "not $1 more stimulus". As a lock step herd, probably today no change.

[boutons_deux]

Texas unemployment surges in September

The Texas unemployment rate soared in September, climbing for the first time since April as job growth downshifted sharply.

Unemployment rose to 8.3 percent, up more than a percentage point from 7 percent in August,

The pace of job growth, meanwhile, fell by more than half over the month. Employers added about 41,000 jobs, down from about 112,000 in August.

https://www.houstonchronicle.com/business/economy/article/Texas-unemployment-surges-in-September-15653084.php

[boutons_deux]

This for New England, probably more or less true nationwide.

Enrollment plummeted at many New England colleges

At more than two dozen colleges and universities across the region,

the number of full-time graduate and undergraduate students

plummeted by more than 20 percent

this September compared with the previous year, according to the New England Commission of Higher Education, the regional accrediting agency.

https://www.bostonglobe.com/2020/10/16/metro/enrollment-plummeted-many-new-england-colleges

The damage from The Trump-Made Pandemic will last for years. The 300K+ dead will last a bit longer.

50M+ will still vote for Trash

[boutons_deux]

Pelosi objects to what McConnell insists he must have:

indemnification for 5 years of employers against law suits from workers getting C19 at work

[boutons_deux]

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/122123225_3403223243057295_8542074734359534962_o.j pg?_nc_cat=103&_nc_sid=9267fe&_nc_ohc=QYchSfVDGcAAX9lFDzj&_nc_ht=scontent-dfw5-1.xx&oh=dce9103c1b16c1af80f81553dcc6e15d&oe=5FB46E4E

[boutons_deux]

As Washington scrambles for more bailout money, the Fed sits on mountain of untapped funds

Hundreds of billions of dollars from the Cares Act remains uncommitted and may go unspent despite scramble by White House to produce more aid

In March, Congress allotted $454 billion to the Treasury Department to support the central bank’s emergency lending programs, including those for struggling businesses and local governments.

Of that pot, only $195 billion has been specifically committed to cover any losses the Fed might take,

including though loans that companies fail to repay.

Seven months into the crisis, the remaining $259 billion still has not been committed to any of the Fed’s specific programs or for any other purpose,

and it is unlikely that it will be anytime soon.

https://www.washingtonpost.com/business/2020/10/19/federal-reserve-treasury-coronavirus

[boutons_deux]

Next Big Shift in Economics Takes Shape Under Covid Shadow



Fiscal policy dominates and central bankers take a back seat
Risk is early withdrawal of public spending like after 2008


https://www.bloomberg.com/news/articles/2020-10-11/the-next-big-shift-in-economics-takes-shape-under-covid-shadow

[Winehole23]

eat shit and die if you didn't vote for Republicans

1318343089031958533

[boutons_deux]

red/Confederate states, their cities, schools, etc don't need bailouts?

"Repugs won't bailout blue states" is fucking lying pretext for doing nothing.

The real reason is that McConnell insists on indemnifying companies agains employees' C19 suits.

[Winehole23]

two bazooka theory


Tankus added: “The Fed has two bazookas. One of them is a municipal bazooka and the other is a corporate credit bazooka. They have the municipal bazooka setting on low and the corporate bazooka setting on high.”


Then, during the September 17 hearing of the Bailout Oversight Commission that oversees the Fed’s pandemic lending programs, commissioner Bharat Ramamurti spotlighted a major discrepancy in lending rates between an oil giant and the state of Wisconsin.

"The Fed is using public money to purchase a bond from Chevron at a rate of 0.9% over more than 4.5 years,” Ramamurti said. A state like Wisconsin, with the exact same rating as Chevron has to pay 1.28 percent over 3 years.”

Ramamurti added that while the Fed purchased a Philip Morris bond at 0.75% interest, a state “ government like Kentucky, which has the exact same credit rating as Philip Morris, [must] pay an interest rate of more than 2% over 3 years.”
​https://www.dailyposter.com/p/how-the-fed-rescued-corporations

[Winehole23]

eat shit and die if you didn't vote for Republicans

1318343089031958533https://en.wikipedia.org/wiki/%C3%84ttestupa

1318592669333946370

[Bogie]

Sure, fuck the Dems by letting all of us twist in the wind. That's a great political strategy.

They have never been forced to pay an electoral price for what they have done. And they're never going to be forced to pay a electoral price for it in the future.

[boutons_deux]

They have never been forced to pay an electoral price for what they have done. And they're never going to be forced to pay a electoral price for it in the future.

Pelosi is taking the side of Labor against Capital, and

Moscow Mitch knows his pro-Capital requirement, indemnification of employers, will block any agreement, which he simply doesn't want to do anyway.

The more he can fuck up America, the better for handing his shitpile to Biden and the Dems, and then blame it all on the Dems, just like in 2009.

[boutons_deux]

https://scontent-dfw5-2.xx.fbcdn.net/v/t1.0-9/121977987_3408098035903149_6624335165060381207_n.p ng?_nc_cat=1&_nc_sid=730e14&_nc_ohc=er7qGGBJYFcAX_GDjE_&_nc_ht=scontent-dfw5-2.xx&oh=6e92d0aba2cb560dcc5e5009982cc361&oe=5FB4D062

[Winehole23]

two bazooka theory



​https://www.dailyposter.com/p/how-the-fed-rescued-corporationsto fuck boutons

[ElNono]

McConnell reportedly warned White House against passing stimulus bill before the election
Senate Majority Leader Mitch McConnell (R-Ky.) has reportedly shut down all hope of passing a COVID-19 stimulus bill in the next two weeks.

Discussions regarding the next relief bill have gone on for months with no actual results after the last package — and the boosted unemployment insurance that came with it — expired after July. But despite Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D-Calif.) continuing discussions Tuesday, people familiar with the discussions say McConnell has called the whole thing off, The New York Times reports.

Mnuchin and Pelosi have been in talks for weeks, with Pelosi setting Tuesday as a deadline for both sides getting their "terms on the table." Yet negotiations didn't end as Democrats try to work at least $2 trillion in funding from the White House; Mnuchin offered up a $1.8 trillion package on Monday. McConnell meanwhile said Tuesday "if a presidentially supported bill clears the House at some point we'll bring it to the floor." But behind closed doors in a lunch with Senate Republicans, McConnell reportedly said he told the White House not to accept anything until after the election. He's looking to avoid making Republicans up for re-election avoid the "difficult choice of defying the president" by voting against the bill or "alienating their fiscally conservative base" by approving it, the Times reports.

President Trump had previously said he was ending the stimulus talks until after the election, only to change his mind just a few days later. McConnell has been pessimistic about negotiations for weeks.

https://news.yahoo.com/mcconnell-reportedly-warned-white-house-213424716.html

---

Taking it with a grain of salt due to unnamed sources, but wouldn't surprise me one bit.

I mentioned a while back that I think the biggest hurdle for any meaningful stimulus passing is getting the Senate votes.

[boutons_deux]

And of course, it's Nancy's fault

Prospects for coronavirus relief bill dim

as McConnell urges White House to reject deal

https://www.washingtonpost.com/nation/2020/10/21/coronavirus-covid-live-updates-us/

[boutons_deux]

A Short History of the ‘On Again, Off Again’ Fiscal Stimulus Negotiations

McConnell & friends looked around and it appeared big business and corporations and banks were doing just fine by June–even if small business and working households were not.

McConnell, Trump and their business constituencies didn’t need more stimulus. Indeed, they didn’t even need the Cares Act.

The unemployment, checks and grants amounted to government spending of only $1.2 trillion of the Cares Act’s $3 or so trillion. That $1.2 trillion was, and remains, the only actual spending to hit the economy,

since the $1.1 trillion in loans to large-medium corporations has never been actually ‘taken up’ and spent into the economy by business.

Ditto for the $650 billion in business tax cuts in the Cares Act.

So only a little more than a third of the Cares Act resulted in any economic spending.

today’s 2020 Great Recession 2.0 is four times deeper in terms of economic contraction compared to 2008-09.

And it’s still only an effective 5.5% spending package as contained in the March Cares Act.

https://www.counterpunch.org/2020/10/21/a-short-history-of-the-on-again-off-again-fiscal-stimulus-negotiations/

iow, Moscow Mitch's primary oligarchy/BigDonor class was OK, so no need to help anybody else.

[boutons_deux]

CBRE forecast:

SA hotels could feel pandemic collapse through 2024

More than half of the city's hotel rooms are expected to remain empty on average over the next four quarters.

-- SA Business Journal email / paid site

[Winehole23]

who's got a turd in their briefacse?

1320319195180093442

[boutons_deux]

Nearly 12 Million Square Feet of Vacant Office Space in S.F.

http://socketsite.com/wp-content/uploads/2020/10/San-Francisco-Office-Vacancy-Q32020.png

http://socketsite.com/archives/2020/10/nearly-12-million-square-feet-of-vacant-office-space-in-s-f.html

[boutons_deux]

...

[boutons_deux]

https://ci3.googleusercontent.com/proxy/ibVoQ5kss11GbN73cGmdSYSOzA4ha5rFa2BJ4za7TYl_Ey8GsG npWZOabVEqnvwhcJ74K25BlVOEYhP-Bz6aTEIFkLEppTgax-YQ4RuI1pxatkXSOUuBnefrM6y4EJOQJv_5KxGwsEKT55QnJk4o hZkOU7jVkYditQ=s0-d-e1-ft#https://static01.nyt.com/images/2020/10/26/multimedia/26-MORNING-JOBS/26-MORNING-JOBS-articleLarge.png

[Winehole23]

The Airline Industry Collapse Part 5 – The Battle to Protect Airline Investors From Economic Reality Enters a New Phase (https://www.nakedcapitalism.com/2020/10/hubert-horan-the-airline-industry-collapse-part-5-the-battle-to-protect-airline-investors-from-economic-reality-enters-a-new-phase.html)



In the third quarter (historically the industry’s most profitable quarter), the Big 4 US airlines reported a GAAP net loss of $10.8 billion (versus $10.6 bn in the second quarter) and a GAAP operating loss of $12.3 bn (versus $10.5 bn in the second quarter.) As the table below shows, these carriers are still $17.5 billion below operating breakeven and $10 billion below cash breakeven.


https://www.nakedcapitalism.com/wp-content/uploads/2020/10/Screen-Shot-2020-10-25-at-11.49.58-PM.png


After second quarter results were released, Southwest CEO Gary Kelly said that revenues would need to double in order for Southwest (the financially strongest carrier in the industry) to reach cash breakeven. Kelly illustrated the industry’s lack of improvement in the third quarter by saying Southwest still needed revenue to double in order to reach cash breakeven. [2]
https://www.nakedcapitalism.com/2020/10/hubert-horan-the-airline-industry-collapse-part-5-the-battle-to-protect-airline-investors-from-economic-reality-enters-a-new-phase.html

[Winehole23]

Between taxpayer subsidies (out of the $50 billion CARES Act funding) and new debt instruments, these four carriers have raised $73 billion since the beginning of the crisis, accounting for all (or nearly all) of their claimed September 30thliquidity. Thus current operations would not be possible without this magnitude of new funding.

[Winehole23]

$50 billion in extractive stock buybacks that badly hurt the industry’s ability to cope with the demand collapse.

[Winehole23]

The only voices in Washington dissenting from the “airline subsidies create huge economic benefits” consensus were a few conservative Republicans. “For the past six months, the American taxpayers have spent $25 billion covering the payroll obligations of passenger airlines. No other Fortune 500 companies—including restaurant groups, transportation firms, hotel chains, or entertainment businesses—have received taxpayer-funded grants…The excess capacity of the airline sector will not be resolved in the near future and continuing to force the entire payroll obligation onto the taxpayers is not sustainable.”

[ElNono]

I did just buy first class tickets at a discount for the holidays... so there's that :tu

[Trill Clinton]

I did just buy first class tickets at a discount for the holidays... so there's that :tu

What airline and was it December? I was looking for flights to Atlanta in November and the prices are ridiculously high.

[ElNono]

What airline and was it December? I was looking for flights to Atlanta in November and the prices are ridiculously high.

American, mid December to early January... not a long flight... LAX to MFE via Dallas.

Paid $920/person... Last couple of years I've paid ~$600, plus the 100 bucks they charge your for bags, so this looked like a great deal and gets us extra spacing.

According to Google I saved $700 over regularly priced first class tickets.

[boutons_deux]

Despite CDC Moratorium—and With Help From White House—Corporate Landlords Have Gone on Eviction Spree

"The spike in homelessness that results from the absence of continuing tenant protections in the Covid era spells disaster for too many Americans."

wealthy corporate landlords have blatantly ignored the order, issuing eviction notices to thousands of tenants across five states

in 23 counties across Arizona, Florida, Georgia, Tennessee, and Texas, corporate management companies run by deep-pocketed financial firms evicted or tried to evict nearly 10,000 tenants between early September and October 17.

The Trump administration, though, made it even easier (https://www.commondreams.org/news/2020/10/14/issued-when-no-one-was-looking-critics-warn-new-trump-guidance-eviction-moratorium) for wealthy companies to continue evicting tenants this month when

it issued new guidance saying landlords can challenge tenants' claims that they are eligible for the moratorium.

the eviction ban would be less stringent for corporate landlords to follow—and more punitive to struggling renters.

https://www.commondreams.org/news/2020/10/26/despite-cdc-moratorium-and-help-white-house-corporate-landlords-have-gone-eviction

[Reck]

Lmao how badly do republicans want to lose the senate by?

The turtle just adjourned the senate until November 9th which means to money relief for the people who are literally on life support and depending on food banks to get by day to day.

[Trainwreck2100]

Lmao how badly do republicans want to lose the senate by?

The turtle just adjourned the senate until November 9th which means to money relief for the people who are literally on life support and depending on food banks to get by day to day.

they don't care and they're banking on the red states being stupid and voting to keep them in, he got his judge and that's the only power they care about

[boutons_deux]

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/p843x403/122657294_3425807444132208_8073355543523325548_o.p ng?_nc_cat=111&ccb=2&_nc_sid=730e14&_nc_ohc=YRTbdWGBuL0AX8ntZQd&_nc_ht=scontent-dfw5-1.xx&oh=fec1d456ace7c61e7e708f72cc7b46b2&oe=5FBF7463

[CosmicCowboy]

soooo....ROKHANNA is going to cure Covid and end the shutdowns by getting elected to Congress?

[ChumpDumper]

soooo....ROKHANNA is going to cure Covid and end the shutdowns by getting elected to Congress?Looks like feeding kids might be easier to accomplish since that's what he's talking about.

[boutons_deux]

San Antonio ranks fourth among cities for worst financial distress


https://www.mysanantonio.com/news/local/article/San-Antonio-named-4th-city-with-most-financial-15678067.php

[boutons_deux]

https://images.dailykos.com/images/874601/story_image/102620.McConnellSandcastle.jpg?1603733791

[Winehole23]

Looks like feeding kids might be easier to accomplish since that's what he's talking about.CC: nothing but strawman and bullshit.

[boutons_deux]

Watchdog sees massive potential loan fraud at SBA, sparking fight with agency

SBA's inspector general raised red flags about more than $78 billion in aid approved for businesses under the agency's Economic Injury Disaster Loan program.

raised red flags about more than $78 billion in aid approved for businesses under the agency's Economic Injury Disaster Loan program —

about 37 percent of the total amount doled out — and

warned that billions might have been

fraudulently obtained or

directed to ineligible businesses.

https://www.politico.com/news/2020/10/28/watchdog-small-business-loan-fraud-433452

[Winehole23]

No COVID stimulus, but a commercial real estate bailout may be in the works, carried by a Texas Congressman in the biz, with plenty of Democratic co-sponsors.

https://prospect.org/power/gop-rep-van-taylor-real-estate-industry-government-bailout/

[ElNono]

Nancy going IN...

https://www.politico.com/f/?id=00000175-739f-dc1a-a5f7-fbff82550000

[Winehole23]

Nancy going IN...

https://www.politico.com/f/?id=00000175-739f-dc1a-a5f7-fbff82550000Rhetorically on point, but she'll be ignored.

[boutons_deux]

Rhetorically on point, but she'll be ignored.

how many votes does Munchkin have in the Senate?

[boutons_deux]

Boeing to cut 20% of workforce by end of 2021

https://www.bbc.com/news/business-54716296

==============

Airbus to stop burning cash, defends higher output plan

https://uk.reuters.com/article/idUKKBN27E0MM

[Winehole23]

how many votes does Munchkin have in the Senate?Dunno. I would guess the GOP doesn't have the votes to pass anything that will help the American people between now and the election.

Sure looks like the GOP is tanking COVID relief and the economy to screw the Dems. I hope I'm wrong about that.

[Will Hunting]

Dunno. I would guess the GOP doesn't have the votes to pass anything that will help the American people between now and the election.

Sure looks like the GOP is tanking COVID relief and the economy to screw the Dems. I hope I'm wrong about that.
McConnell is betting a lot on the Dems being pussies like they were the last time they controlled both houses of congress.

If Biden wins and there still isn't any stimulus package, they should add an extra trillion of fuck you money to the heroes act, pass it again in the house, and then nuke the filibuster to get it through the senate.

[MultiTroll]

Politicians being the sleazeballs they are i could forsee anything.....

But if Dunceold Trump gets reelected i will be shocked.

BTW does Bitch McConnels opponent have any chance to win or are methed out Kentuckyans simply brainwashed and paid off beyond comprehension?

[boutons_deux]

I hope I'm wrong about that.

I've read few articles who say you are right. McConnell/Repugs know they can't save the economy, and will hand the stinking pile of shit to the Dems.

For two years, the Repugs will use whatever power they have to block all Dems' efforts to help the economy, will blame the pile of shit on the Dems, planning to sweep back into Congressional power in 2020, just like 2010.

The Repugs will be helped by the 6 SCOTUS politicized whores who will be rolling back progressive legislation and blocking any new progressive legislation.

America is fucked and unfuckable.

And the Constitution, archaic and weaponized and unAmendable, enables the fucking

[boutons_deux]

Amazon pegs COVID-19 costs at an estimated $4 billion next quarter

Amazon (https://crunchbase.com/organization/amazon) expects to incur $4 billion in COVID-related costs next quarter,

an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses amid the pandemic.

The upshot: Amazon is planning for COVID to remain an unwelcome companion through the end of the year with costs higher than the previous quarter.

The company said Thursday in its third-quarter earnings call that it logged $7.5 billion in COVID-related costs since the disease took root earlier this year.

Amazon previously said its COVID costs were about $600 million in the first quarter and more than $4 billion in the second.

The company’s COVID costs in the third quarter were about $2.5 billion,

https://techcrunch.com/2020/10/29/amazon-pegs-covid-19-costs-at-an-estimated-4-billion-next-quarter (https://techcrunch.com/2020/10/29/amazon-pegs-covid-19-costs-at-an-estimated-4-billion-next-quarter/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29)

[boutons_deux]

Billions In COVID-19 Relief Loans May Have Been Handed Out To Scammers

billions of dollars in loans to businesses that falsely claimed to have been damaged by the coronavirus lockdowns

Officials at the agency were so inundated with requests for disaster aid starting last March that they couldn't adequately vet the applicants,

SBA approved $78 billion in program applications to potentially fraudulent or ineligible applicants, although not all of that was ultimately disbursed.

https://www.npr.org/2020/10/28/928792199/billions-in-covid-19-relief-loans-may-have-been-handed-out-to-scammers-report-sa

[boutons_deux]

That Blockbuster GDP Number Doesn’t Mean We’re Out Of The Woods

The U.S. economy likely grew at a record-breaking 33.1% on an annualized basis in July, August and September, according to a preliminary estimate released by the Commerce Department Thursday—

while that statistic means that the economy has recouped some of the losses it suffered during the early days of the pandemic,

it doesn’t tell the whole story.

Because of those huge losses earlier this year, the third-quarter number is proportionately huge—and misleading—because of how far the economy had fallen.

A better representation of third-quarter growth would be the change in GDP from the second quarter to the third quarter, which was 7.4%.

33.1% statistic is also misleading because it is an annualized rate, which is calculated by assuming that the level of growth in the third quarter will stay the same for the rest of the year.

https://www.forbes.com/sites/sarahhansen/2020/10/29/that-blockbuster-gdp-number-doesnt-mean-were-out-of-the-woods/?sh=4e6a32137e13

[boutons_deux]

Exxon Pays Off Shareholders,

Lays Off Workers

https://earther.gizmodo.com/exxon-pays-off-shareholders-lays-off-workers-1845521977

The Usual

Capital gets paid

Labor gets screwed

[boutons_deux]

Millions of Americans can’t pay rent

Long before the Covid-19 pandemic hit, low-wage workers in the United States were already struggling to pay their rent, and

were being evicted at rates much higher than in other similar countries.

In the US, one in 40 renters (https://evictionlab.org/national-estimates/) has been evicted ー

compared to (https://www.feantsa.org/download/policy-review-3-25888950126820351293.pdf) one in 89 in the UK,

one in 227 in Denmark, and

one in 25,000 in France.

most workers who make more than $20 an hour have been able to keep working, or have returned to work.

But low-wage workers (https://www.washingtonpost.com/road-to-recovery/2020/08/13/recession-is-over-rich-working-class-is-far-recovered/) — the people most likely to be renters instead of homeowners — are also the least likely to have gotten their jobs back.

Now, seven months into the pandemic,

millions aren’t working, and

many of them are facing homelessness.

https://www.vox.com/videos/21546108/eviction-covid-pandemic-election-2020

[boutons_deux]

Whoever wins the Election will face Severe Eviction Crisis, as 30 million brace for Homelessness

virtually certain to be confronted by a severe foreclosure and eviction crisis as state and local governments face acute budget shortfalls.

These crises interact with each other and in ways that intensify the economic damage they inflict.

The harm is also psychological and political.

The Wall Street Journal reports (https://www.wsj.com/articles/struggling-rental-market-could-usher-in-next-american-housing-crisis-11603791000):

“about a quarter of American renter households with children are now carrying debt from not paying rent,

Mounting rental debt could also impede the path to a U.S. economic recovery,

when 30 million to 40 million people from New York City to San Francisco face potential eviction once moratoriums expire.”…

it is also safe to say that the draconian cuts in budgets of state and local governments translate into wage reductions and/or unemployment for pubic sector workers and

thus more pressures on the housing market.

He advocates instead a simple one- time grant of say $50,000,

which can be spent only after it has been used to pay down any personal debt.

This proposal has several merits.

Because it is universal, it would help the thrifty homeowners sufficiently who have paid off most of their mortgage

while also aiding those under water from home or student loans.

With another debt foreclosure crisis coming it is imperative that such ideas receive a fair hearing.

https://www.juancole.com/2020/11/election-eviction-homelessness.html

[boutons_deux]

McConnell says
stimulus bill is top priority
when Senate returns

said that state and local aid — a longtime Democratic demand — could be part of the legislation.

Hopefully the partisan passions :lol that prevented us from doing another rescue package will subside

https://www.washingtonpost.com/us-policy/2020/11/04/mcconnell-new-stimulus-bill/

he said earlier Jan, why the mad rush now?

"partisan passions" ?

fuck off, liar it was YOUR employment indemnity shit AND the Senate Repugs REFUSAL of one $ more for stimulus

[boutons_deux]

More than 32,000 San Antonio area residents could have their water shut off

if coronavirus moratorium weren’t in effect

https://www.expressnews.com/news/local/article/More-than-32-000-San-Antonio-area-residents-could-15698211.php

[boutons_deux]

Apartment company co-owned by Jared Kushner files hundreds of eviction notice

https://thehill.com/homenews/administration/524627-apartment-company-co-owned-by-jared-kushner-files-hundreds-of

[Winehole23]

two bazooka theory



​https://www.dailyposter.com/p/how-the-fed-rescued-corporationsStill relevant.

[boutons_deux]

The $68 trillion transfer of wealth in America is evaporating amid crisis



According to a survey by the Center for New Middle Class, there was a 25% drop in the number of baby boomers who said they are self-employed or own their own business in the second quarter.
That impact could have significant repercussions for the economy at large considering that baby boomers own nearly half of privately-held businesses with employees in the U.S., according to Project Equity.
That’s 2.34 million businesses with 24.7 million employees and $5.1 trillion in sales, according to the U.S. Census Bureau.


https://www.cnbc.com/2020/11/05/68-trillion-transfer-of-wealth-in-america-is-evaporating-amid-crisis.html

[boutons_deux]

Judge orders Trump administration to reveal PPP loan data it sought to obscure

A federal judge said the SBA’s claim that the size of a loan would reveal a company’s payroll was “fundamentally flawed.”

https://www.nbcnews.com/business/business-news/judge-orders-trump-administration-reveal-ppp-loan-data-it-sought-n1246792

[boutons_deux]

An Avalanche of Fraud Buried a Small-Business Relief Program

Scams went viral as SBA gave out $10,000 grants to almost anyone who asked.

Even after the $20 billion in funding for grants dried up in July, the fraud continued,

as scammers looted a separate $192 billion pot of money set aside for loans.

“I’ve never seen anything like it,” said an SBA customer-service representative who spoke on the condition of anonymity to protect her job.

“I don’t think they had any processes in place. They just sent the money out.”

https://www.bloomberg.com/news/features/2020-10-29/small-business-administration-10-000-grant-fraud-went-viral-hurting-program

[boutons_deux]

Unemployment is falling.

Long-term unemployment is ballooning



The unemployment rate fell to 6.9% in October from 7.9% in September. It was the sixth consecutive month of improvement.
However, around a third of the unemployed have been out of work for at least six months. That ratio has been increasing rapidly.
Long-term unemployment is a dangerous financial period for households.


https://www.cnbc.com/2020/11/06/unemployment-is-falling-long-term-unemployment-is-ballooning.html

[boutons_deux]

Evidence of PPP Fraud Mounts, Officials Say

Reports of waste and abuse in the Paycheck Protection Program inundate government watchdogs and federal prosecutors

https://www.wsj.com/articles/ppp-was-a-fraudster-free-for-all-investigators-say-11604832072