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Did you get your check?
Really, no one cares about the actual swindle?
Too complicated?
Too boring?
Did you get your check?
No.
You?
Nope... although I'm not sure I qualify
Matt Taibbi sketches the similarities between the last bailout and this one.
https://www.rollingstone.com/politic...er-976086/amp/
Crazy aint it?
Not a peep about billionaires and millionaires getting handouts, again.
After the 2008-9 bailout, the implicit federal backstop became explicit but mostly for banks and non-bank market makers. This time around a bunch of private corporations have lined up at the trough.
The scale and breadth of the Trump bailout puts Obama's in the shade. Like Obama's bailout, it doesn't do enough for ordinary people, who in this case have been asked to sacrifice their livelihoods temporarily for the common good.
In prinicple, Republicans shouldn't get to be in charge of a planned economy, which is essentially what we'll have for a couple of years.
Sure, let Amazon have a monopoly on package delivery
https://fortune.com/2020/03/30/usps-...lief-bill/amp/
Stimulus/bailout worthy idea
Citigroup, one of the worst run banks at the time, was basically reanimated in 2009 during that bailout. It is now administering the 350 billion dollar small business relief program.
The con is long.
https://www.cnbc.com/amp/2020/04/01/...ss-relief.html
BlackRock was chosen to run the Fed/Treasury SPVs. I understand there are legal reasons for having someone out aide of government run it, but the power and money given to private equity are eye-popping.
Does Manu still pay you?
I had to get a real job, tbh
Why the Trump Administration Won’t Be Able to Make the Stimulus Work
As the New Deal shows us,
it takes expertise, professionalism and skill to execute massive government programs—
qualities the White House lacks.
signs of problems:
The $350 billion lending program to help small businesses won’t be ready for its launch this week,
with banks claiming the White House set an unrealistic deadline and unworkable terms, and
failed to provide basic rules and guidelines.
FDR’s much greater achievement was enacting it—
spending the money,
putting shovels in the ground,
getting money in people’s pockets.
Like most New Deal initiatives, the Big Bill required
a White House both deft and nimble at administration,
staffed by legions of capable professionals who were singularly focused on execution.
Those qualities embodied the New Dealers—
young men and women who, by the many thousands, converged on Washington, D.C., in the 1930s
to make FDR’s vision a reality.
Trump has waged war on the federal government,
leaving vast numbers of key roles unfilled,
bullying and hollowing out the ranks of the nonpartisan civil service and
populating his White House and Cabinet with men and women of little qualification.
One of the top deputies at the Office of Presidential Personnel—
a key office that selects, vets and ushers through the clearance and confirmation processes top administration officials—
is a 23-year-old college senior.
https://www.politico.com/news/magazi...us-work-163982
Senate Republicans brag about unemployment 'lifeline' they voted against
Senate Republicans made a giant stink about the $600-per-week boost to unemployment insurance included in the novel coronavirus stimulus.
It was just too much money for low-income people, they said.
Nurses might decide not to work, said Sen. Lindsey Graham,
because they could get so much money being unemployed. Nurses!
So obviously now some of the very same
Senate Republicans who voted for stingier benefits
are bragging to cons uents about those same benefits. That they tried to cap.
https://www.dailykos.com/stories/2020/4/2/1933733/-Senate-Republicans-brag-about-unemployment-lifeline-they-voted-against
He ain't looking for a cure thru (it). He signed on & it to buy time...it's just money, cash, "black gold, Texas tea."Why the Trump Administration Won’t Be Able to Make the Stimulus Work
As the New Deal shows us,
it takes expertise, professionalism and skill to execute massive government programs—
qualities the White House lacks.
signs of problems:
The $350 billion lending program to help small businesses won’t be ready for its launch this week,
with banks claiming the White House set an unrealistic deadline and unworkable terms, and
failed to provide basic rules and guidelines.
FDR’s much greater achievement was enacting it—
spending the money,
putting shovels in the ground,
getting money in people’s pockets.
Like most New Deal initiatives, the Big Bill required
a White House both deft and nimble at administration,
staffed by legions of capable professionals who were singularly focused on execution.
Those qualities embodied the New Dealers—
young men and women who, by the many thousands, converged on Washington, D.C., in the 1930s
to make FDR’s vision a reality.
Trump has waged war on the federal government,
leaving vast numbers of key roles unfilled,
bullying and hollowing out the ranks of the nonpartisan civil service and
populating his White House and Cabinet with men and women of little qualification.
One of the top deputies at the Office of Presidential Personnel—
a key office that selects, vets and ushers through the clearance and confirmation processes top administration officials—
is a 23-year-old college senior.
https://www.politico.com/news/magazi...us-work-163982
Open it back up ASAP and recruit the usual suspects (Saudis, Putin, et al) to pump life back into it (resuscitation)(re ing) the D's who are vested in keeping it comatose till November.
That's it & that's all.
Its already launched, dumbass. Tha applications are out. Local banks administer them.Why the Trump Administration Won’t Be Able to Make the Stimulus Work
As the New Deal shows us,
it takes expertise, professionalism and skill to execute massive government programs—
qualities the White House lacks.
signs of problems:
The $350 billion lending program to help small businesses won’t be ready for its launch this week,
with banks claiming the White House set an unrealistic deadline and unworkable terms, and
failed to provide basic rules and guidelines.
FDR’s much greater achievement was enacting it—
spending the money,
putting shovels in the ground,
getting money in people’s pockets.
Like most New Deal initiatives, the Big Bill required
a White House both deft and nimble at administration,
staffed by legions of capable professionals who were singularly focused on execution.
Those qualities embodied the New Dealers—
young men and women who, by the many thousands, converged on Washington, D.C., in the 1930s
to make FDR’s vision a reality.
Trump has waged war on the federal government,
leaving vast numbers of key roles unfilled,
bullying and hollowing out the ranks of the nonpartisan civil service and
populating his White House and Cabinet with men and women of little qualification.
One of the top deputies at the Office of Presidential Personnel—
a key office that selects, vets and ushers through the clearance and confirmation processes top administration officials—
is a 23-year-old college senior.
https://www.politico.com/news/magazi...us-work-163982
dumbass, the banks are going slow, think the loans are too risky
But, they're going to cut those checks. They've nary other choice. It's a give-a-way. It's just against their "upbringing." But, they'll get with the program, or, get left in the lurch as the other/lesser/community banks move in.
The switch has been flipped. IT IS A GIVE-A-WAY and "we'd all" better get it while the getting is good. Because once (they) turn that spigot, not down, but, OFF, that's it. It won't be turned on again for a long, long time.
Dunbass, they aren't either. Things are actually happening outside your mamas smokey singlewide.
The debate is over. Modern Monetary Theory won thanks to Covid19.
It did? A $6 billion bailout is not monetarism...
Isn't the corporate bailout more like $4.5 trillion since Mnuchin can extend it ten times?
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