Free enterprise proponents: No need for state regulations, the tort system keeps businesses honest.
Also free enterprise proponents: businesses must be shielded from economy killing lawsuits!
https://www.politico.com/amp/news/20...navirus-212424In an interview on Monday, the Senate majority leader said it’s “highly likely” the next coronavirus response bill will aid local governments whose budgets have been decimated by lockdowns and now face spiraling deficits. But to unlock that money, McConnell said he will "insist" Congress limit the liabilities of health care workers, business owners and employees from lawsuits as they reopen in the coming weeks and months.
They'll pass trillions for big businesses and banks in the blink of an eye, but Americans have to fight tooth and nail for a grand. This country is so ed up.
Word. And I bet most his base are severely affected but they won't betray Dear leader. SMH at these cultists.
$3.2 trillion in 2017 for corporations to go do stock buybacks but a couple hundred billion for the actual people of this country to try to live on during a pandemic is not really a priority.
Nope, not really.
HST summed up America succinctly: "Some people get rich, others eat and die."
GOP senators beg Trump to stop obstructing oversight of coronavirus stimulus
some Senate Republicans are urging President Donald Trump to stop his attacks on the inspector general oversight of the coronavirus stimulus program.
GOP senators are sounding subtle but unmistakable alarms about Trump’s efforts to brush back lawmakers’ oversight of the government’s behemoth, $3 trillion response to the coronavirus pandemic,”
“And their warnings have grown more urgent as Trump mounts a concerted campaign against inspectors general, one of the last functional checks on his administration’s performance.”
“The public disapprovals come as Trump faces criticism over his abrupt removal of the intelligence community’s inspector general, Michael Atkinson, and
his refusal to provide Congress with an adequate explanation, as required by law,” continued the report.
“And without responses from the White House,
GOP senators have stepped up their public rebukes of the president
as they try to convince him that independent government watchdogs are his friend, not his enemy.”
https://www.rawstory.com/2020/04/gop...irus-stimulus/
No doubt Barr is pushing Trash to be a "unitary executive" rejecting any and all oversight
More Repug MISgovernance
Treasury Vows to Recoup Virus Relief Aid Claimed by Big Companies
The Treasury secretary, Steven Mnuchin, said the administration would audit any company that received more than $2 million.
the Treasury Department is frantically trying to figure out how to recoup hundreds of millions of dollars from big companies that applied for loans and received them under the program’s initial terms.
Threatening to hold big companies criminally liablefat chance!
if they did not meet the program’s revised criteria for accepting loans, he said the administration would audit any company that received more than $2 million.
$2 trillion economic relief package, intending it as a lifeline for small shops so they could keep paying workers even if they had no customers.
The money, which ultimately grew to $660 billion,
came with strings attached,
requiring businesses to keep their workers on the payroll for eight weeks if they wanted the loans forgiven,
but the eligibility requirements were vague.
Mr. Mnuchin put banks in charge,
relying on them — rather than the government — to make the actual loans.
To facilitate the program, the Treasury Department issued guidance that
required businesses to merely certify, or promise, that they faced “economic uncertainty” and that the loans were “necessary” to support current operations.
https://www.nytimes.com/2020/04/28/us/politics/coronavirus-treasury-payment-protection-program.html?campaign_id=168&emc=edit_NN_p_2020042 9&instance_id=18058&nl=morning-briefing®i_id=80821797§ion=topNews&segment_ id=26195&te=1&user_id=992d608214b505003aa04bf10a59 5031
==============
"Mr. Mnuchin put banks in charge"
Small Business Rescue Earned Banks $10 Billion In Fees
https://www.npr.org/2020/04/22/84067...illion-in-fees
As others cave, several public companies that took small business loans are not giving back the cash
- CNBC reached out to the 41 biggest publicly traded companies that had received Paycheck Protection Program loans to see if they would be returning the funds.
- Six said they had no plans to return the funds, five said they will (or had) returned the money, while 30 either did not respond or said their decision was pending.
- “All I see is a knee-jerk reaction to Shake Shack,” one CEO keeping the cash said. “To return [the PPP funds] would be breaching fiduciary duty.”
- The government warned public companies on Thursday to return the relief loans in two weeks if they wanted to avoid scrutiny about whether it was necessary for them to take the capital.
https://www.cnbc.com/2020/04/24/public-companies-split-on-whether-to-return-small-business-loans.html
Will Mnuchin name and shame the non-small corps that took SBA loans?
Repugs up, MISmanage, MISgovern over and over and over.
What experience did Mnuchin or his toadies have that qualified them to operate the Treasury?
Last edited by boutons_deux; 04-29-2020 at 09:05 AM.
Anyone hear if Taco Cabana returned the money? They have been killing it in the drive through since the shut down. , their business probably went up.
Probably suffered on beer sales (assuming they still sell beer)
Restaurants can sell alcohol in the drive through.
The truth of the class war is that there has been a consistent redistribution of income to the top of the scale for 40-50 years. The middle and lower classes lost the class war. The pattern of the last two bailouts underscores the degree to which our government serves and preserves the financial masters of the universe at the expense of the people, who dangle bootlessly then have austerity forced upon them to bring the books back into balance.
You're right but you are so out of touch. To go alcohol sales at restauarants in Texas have been allowed since shelter in place was announced.
Taco Cabana just folded and agreed to give the 15 million back after they heard about the audit and potential criminal charges.
and there's no peaceful, non-violent path for the non-oligarchy to respond, because voting is a ing con game, a charade because the oligarchy has corrupted and rigged the entire political systems, politicians, judges.
Non-oligarchy Americans are ed and un able, while the oligarchy amasses greater wealth and power to them harder and deeper.
Predatory Capitalists are now on the prowl for "distressed" real estate, including foreclosed homes, to gobble up cheaply. This will push Ms of Americans into renting, increasing the cash flow to the oligarchy, and leaving the renters with no equity.
Last edited by boutons_deux; 04-30-2020 at 06:04 AM.
Always knew DMC was out of touch, but damn.
Something tells me rent won't be coming down either.
Capitalists' strategy is to be, and in many case are already, the toll collectors on everything we need to live, money, food, water, housing, health care, while denying Labor incomes, to keep Labor in a state of eternal financial precarity, on the edge of financial disaster.
Capitalists intend to own everything and deny us ownership of anything.
rentier society
and there's nothing peaceful we can do to stop them.
The real story is the Fed buying every junk bond they can find to keep the Dow afloat
afloat? how about inflated?
Fed has been in the overnight REPO liquidity game since last September
America runs on extreme debt, personal and corporate, aka "leveraging", and was already heading for a crash before The Trump Pandemic
personal debt slavery, paying 20% APR interest to Capitalists, has replaced forced slavery
The exuberance in the stock market does not reflect depression levels of unemployment and contraction.
Where's my million dollar non-recourse loan?
Blast from the past
American Homes 4 Rent
American Homes 4 Rent is a real estate investment trust based in Agoura Hills, California that invests in single-family rental homes.
As of December 31, 2019, the company owned 52,552 homes in 22 states.
Its largest concentrations are in
Atlanta (9.3% of total homes),
Dallas-Fort Worth (8.4% of total homes), and
Charlotte, North Carolina (7.2% of total homes).[1]History[edit]
The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage.[2]
It was one of the first large public companies to begin investing heavily in single-family homes,
following the entry of The Blackstone Group into the field in 2012.[3]
Early funding for the company included a $600 million investment from the Alaska Permanent Fund.[2]
In August 2013, the company became a public company via an initial public offering.[1]
In March 2016, the company merged with American Residential Properties, Inc.[4]
https://en.wikipedia.org/wiki/American_Homes_4_Rent
"real estate investment trust" ?
sounds like the type of group that got $100Bs in tax break (on simply "paper losses") in the first Trump Pandemic stimulus
So Hughes and Blackstone simply claim
the houses they own have lost value in the Trump Pandemic to escape $100Ms in taxes
And since the Repugs have defunded and destaffed the IRS,
the IRS doesn't have the resources to go after complicated accounts.
Hard to believe Taco Cabana even has $15 million worth of payroll right now.
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