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  1. #51
    dangerous floater Winehole23's Avatar
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    I don't see why it would be desirable that $450B of the $500B in Mnuchin's bailout fund would be disclosure-free.

    How is that diffefent from a slush fund? What would prevent DJT from dipping in?

  2. #52
    dangerous floater Winehole23's Avatar
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    Fed's Bullard says US unemployment could reach 30% and GDP drop 50% in Q2.

    https://www.bloomberg.com/news/artic...q?srnd=premium

  3. #53
    dangerous floater Winehole23's Avatar
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    The U.S. central bank bought $272 billion of government debt last week, of the more than $500 billion authorized, which Bullard emphasized should not be seen as a limit.

    “This is unlimited and we can go much higher if necessary,” he said. “We are trying to provide as much support as we can to that market.”

  4. #54
    notthewordsofonewhokneels Thread's Avatar
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    Fed's Bullard says US unemployment could reach 30% and GDP drop 50% in Q2.

    https://www.bloomberg.com/news/artic...q?srnd=premium
    There-is-no-ceiling.

  5. #55
    dangerous floater Winehole23's Avatar
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    There-is-no-ceiling.
    Sadly, the US Senate will be too stingy and too slow to move to keep workers and owners from falling into penury en masse -- but it will be another good chance for the .01% to gobble up yet more stuff for pennies on the dollar, that's what the Fed bailout targets.

    Maybe that's the plan. The US.policy of undertesting plus Congressional inaction would tend to ensure it.

  6. #56
    dangerous floater Winehole23's Avatar
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    If Boeing rejects the bailout because the government wants an equity stake, and says it has other funding sources, why does it need a public bailout?

    https://thehill.com/policy/finance/4...s-equity-stake

  7. #57
    Alleged Michigander ChumpDumper's Avatar
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    Market likes the bailout/stimulus talks in general.

  8. #58
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    Trump approval rising, disapproval dropping. Gallup has him 49% approval and disapproval down to 45%.

    Probably has more to do Dems really playing the wrong hand right now imo.

  9. #59
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    If Boeing rejects the bailout because the government wants an equity stake, and says it has other funding sources, why does it need a public bailout?

    https://thehill.com/policy/finance/4...s-equity-stake
    lower interest from govt, than non-govt funders?

  10. #60
    Alleged Michigander ChumpDumper's Avatar
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    Trump approval rising, disapproval dropping. Gallup has him 49% approval and disapproval down to 45%.

    Probably has more to do Dems really playing the wrong hand right now imo.
    I'm glad you're so happy Trump set his arbitrary Easter date.

  11. #61
    Savvy Veteran spurraider21's Avatar
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    republicans: we must come together with bipartisan support for this bill that was not drafted in a bipartisan effort

  12. #62
    I play pretty, no? TeyshaBlue's Avatar
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    "The economy is crashing and people are getting sick and dying because you 2 hard (expletive) think your agendas are bigger than the health and future of the American people," he wrote. "They are not. There is no perfect deal. TIME IS OUR ENEMY. Get this done today!"


    https://www.usatoday.com/story/sport...te/2906795001/

    Dude's on target here.

  13. #63
    Still Hates Small Ball Spurminator's Avatar
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    Mark Cuban is absolutely killing it lately.

  14. #64
    notthewordsofonewhokneels Thread's Avatar
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    Mark Cuban is absolutely killing it lately.

    Nothing will top his murder of the Lakers back there when he went door-to-door about our shenanigans.

    We've never recovered.

  15. #65
    Savvy Veteran spurraider21's Avatar
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    Nothing will top his murder of the Lakers back there when he went door-to-door about our shenanigans.

    We've never recovered.
    nah. nothing will top this

    https://highline.huffingtonpost.com/...cks-motion.pdf

  16. #66
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    from a Public Citizen email

    "One section of the 1,000-page plan contains good language that would prevent companies from using bailout money to buy back their own stock, increase dividends or raise CEO compensation.

    But the very next section gives Donald Trump’s sycophantic Treasury Secretary, Steve Mnuchin,

    the power to ignore the previous section and

    let Big Business do whatever it wants with our money!"

    and surely, with their stocks low, they intend to buy low and sell high

  17. #67
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    "Senators Tim Scott (R-SC),

    Lindsey Graham (R-SC), and

    Ben Sasse (R-NE), said:

    “A massive drafting error in the current version of the coronavirus relief legislation could have devastating consequences:

    Unless this bill is fixed, there is a strong incentive for employees to be laid off instead of going to work.”

    “This isn’t an abstract, philosophical point — it’s an immediate, real-world problem,” they continued.

    “If the federal government accidentally incentivizes layoffs,

    we risk life-threatening shortages in sectors where doctors, nurses, and pharmacists are trying to care for the sick, and

    where growers and grocers, truckers and cooks are trying to get food to families’ tables.”

    reporter:

    “I apologize — I don’t know how to ask this without sounding like I’m being a smart ass, and I’m not,” the reporter said off camera.

    “But do you understand

    how bad the optics are to have probably the wealthiest person in the Senate potentially

    holding up this bill for a couple hundreds bucks for some of the poorest people in this country?”


    https://www.rawstory.com/2020/03/rep...8460&list_id=1

    If the so-called error was in favor of BigDonor,

    these three Repug assholes wouldn't make a peep

    (because it wouldn't have been an error, but intentional and obscure as possible)




    Last edited by boutons_deux; 03-25-2020 at 06:34 PM.

  18. #68
    my unders, my frgn whites pgardn's Avatar
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    Backing Boots last statement:

    But that timeline continued to slip as the day dragged into the evening with Sens. Lindsey Graham (R-S.C.), Tim Scott (R-S.C.), Ben Sasse (R-Neb.) and Rick Scott (R-Fla.) opposing speedy consideration of the measure over concerns it would encourage employees to be laid off instead of working.



    Politico

    Boots the red team stopped this.
    They saw the problem.

  19. #69
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    False Claim of Congressional Pay Raises in Stimulus Bill


    https://www.factcheck.org/2020/03/fa...stimulus-bill/

  20. #70
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    Coronavirus economic updates:

    Record 3.28 million people file for unemployment


    The health crisis has increasingly become an economic one.

    https://abcnews.go.com/Business/coronavirus-economic-updates-32-million-people-filed-unemployment/story?id=69808162

  21. #71
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    Coronavirus economic updates:

    Record 3.28 million people file for unemployment


    The health crisis has increasingly become an economic one.

    https://abcnews.go.com/Business/coronavirus-economic-updates-32-million-people-filed-unemployment/story?id=69808162
    What do you think, bou? Should we continue the shelter in place in favor of ruining the economy?

  22. #72
    若いパイパン大好き baseline bum's Avatar
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    What do you think, bou? Should we continue the shelter in place in favor of ruining the economy?
    You think things would be any better if a bunch of people die instead?

  23. #73
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    What do you think, bou? Should we continue the shelter in place in favor of ruining the economy?
    I've always said, looking at history, the only way The People have retaken power from their oligarchy (royalty, royalty+Catholic church, King George III) has been by violent revolution. Why would USA not do it (again)?

    I'd rather trash the economy (I do worry about my kids and grandkids) rather than have 100Ks of Americans die to "save" the economy.

    1) I don't think putting Labor back to work would reliably save the economy, and of course Labor would be diseased and die by the millions while the oligarchy protects itself (see Murdochs self-protection while Fox pushes people towards disease and death)

    2) crashing the economy might enable More Power To The People, as they see how Capital wants Labor to sacrifice itself so Capital can keep ing over Labor

    3) however, nothing is guaranteed, except the oligarchy's wealth, power, and continued ownership of enslaved, lied-to Americans.

    Parallel with French Revolution, the American oligarchy is the royalty (armed royalty) with Repugs and evangelicals as its foot soldiers and priests.

    Here's French political cartoon after the French Revolution destroyed the Catholic Church's dominance


  24. #74
    dangerous floater Winehole23's Avatar
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    What do you think, bou? Should we continue the shelter in place in favor of ruining the economy?
    The economy can be rebuilt, the dead can't be revived.

    We're already in a recession. With millions of newly unemployed during the last month, it's going to get worse: millions will lose their health insurance.

    Trillions in stimulus for Wall St -- what's your take on that, rmt? -- won't heal the sick or revive their jobs. What we need is social insurance to take care of people, who after all are the lifeblood and productive power of our economy.

  25. #75
    Alleged Michigander ChumpDumper's Avatar
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    What do you think, bou? Should we continue the shelter in place in favor of ruining the economy?
    Go out and get yourself infected for the economy's sake. I read they're thinking about throwing parties for that.

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