Page 25 of 100 FirstFirst ... 152122232425262728293575 ... LastLast
Results 601 to 625 of 2496
  1. #601
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    If you make too much, you might need to fudge and evade some taxes. It's the American way!
    I lack wherewith to evade, sadly. It's so tidy to already have the money! There is such a thing as a free lunch!

  2. #602
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    The Fed Just Pulled Off
    Another Backdoor Bailout of Wall Street




    The Federal Reserve has authorized 11 financial bailout programs thus far.

    Despite Fed Chairman Jerome Powell’s reassurances at his press conferences that
    these programs are to help American families,

    a full 10 of these programs are actually bailouts of Wall Street banks or their trading units.

    https://www.counterpunch.org/2020/06...eet/#gsc.tab=0

  3. #603
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    The Fed Just Pulled Off
    Another Backdoor Bailout of Wall Street




    The Federal Reserve has authorized 11 financial bailout programs thus far.

    Despite Fed Chairman Jerome Powell’s reassurances at his press conferences that
    these programs are to help American families,

    a full 10 of these programs are actually bailouts of Wall Street banks or their trading units.

    https://www.counterpunch.org/2020/06...eet/#gsc.tab=0
    The bailout of banks, investors, incipient financial garbage and the President's rich cronies is ongoing.

    https://sirota.substack.com/p/news-t...is-billionaire



  4. #604
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    this is like something China would do

  5. #605
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    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?
    Called it.

    I was just thinking about this, pulled up the thread and lighted quite by accident on page 3.

    Ask not for whom the Fed's money cannon tolls, it tolls not for thee or me.

  6. #606
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    Mf said diffefent

  7. #607
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    the nasty, racist, xenophobic so-called Christian (supremacist) gets slapped

    California Judge Blocks DeVos Rule Banning DACA Students From Stimulus


    https://www.forbes.com/sites/wesleyw.../#7119f58f6096

    goddamn, Repugs and Christian nationalists are ING nasty, inhumane, cruel bas s


  8. #608
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    Bailout dollars in a little over two months have already exceeded such unaffordable extravagances as Medicare for All and the Green New Deal.

  9. #609
    Believe.
    My Team
    San Antonio Spurs
    Join Date
    Jul 2015
    Post Count
    889
    Bailout dollars in a little over two months have already exceeded such unaffordable extravagances as Medicare for All and the Green New Deal.

    Yep, and it won't stop. You can bet with every presidency it will get worse. The fed is the parasite that all presidents bow to..

  10. #610
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    Having refused the House Dems' HEROES act,

    Senate Repugs will not even address any more stimulus until after the 2-week 4th of July recess

    Mnuchin, defying Congress, still blocking who is getting the slush fund $500B

  11. #611
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    43,735
    Having refused the House Dems' HEROES act,

    Senate Repugs will not even address any more stimulus until after the 2-week 4th of July recess

    Mnuchin, defying Congress, still blocking who is getting the slush fund $500B
    Smart politics. Pelosi tried to shove her wish list up the Senates ass. Now they will return the favor. July 31 is the drop dead date where the extra $600 a month goes away. The natives will get restless if they dont have a deal by then and the checks quit coming. It's the new fake deadline.

  12. #612
    Alleged Michigander ChumpDumper's Avatar
    My Team
    San Antonio Spurs
    Join Date
    May 2003
    Post Count
    144,598
    Meh, Trump already promised moar stimulus. Done deal.

  13. #613
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Oct 2008
    Post Count
    43,429
    Smart politics. Pelosi tried to shove her wish list up the Senates ass. Now they will return the favor. July 31 is the drop dead date where the extra $600 a month goes away. The natives will get restless if they dont have a deal by then and the checks quit coming. It's the new fake deadline.
    So your justification for that is that s yes ing over actual american citizens who need this money asapwill show PELOSI!



    It's not about dems or republicans.

  14. #614
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    Meh, Trump already promised moar stimulus. Done deal.
    McConnell says no, and if he doesn't pass the bill, it won't reach Trash.

    McConnell MIGHT say yes, but only after shaking down taxpayers for $100B more for his BigDonors

  15. #615
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    43,735
    So your justification for that is that s yes ing over actual american citizens who need this money asapwill show PELOSI!



    It's not about dems or republicans.
    It is what it is. I'm not advocating anything. There will be negotiations. Both sides will have to compromise. July 31 will give them a deadline to get it done. BTW if you think either side cares if ordinary Americans get ed over you havent been paying attention.

  16. #616
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    IMF says global economic collapse caused by coronavirus will be even worse than feared

    Emerging recovery likely to disappoint even if countries refuse to shut down during a resurgence of the coronavirus

    the
    coronavirus pandemic has caused more widespread damage than expected and will be followed by a sluggish recovery.

    The global economy will shrink this year by 4.9 percent, worse than the
    3 percent decline predicted in April,

    The U.S. economy, the world’s largest, is expected to shrink this year by 8 percent.

    the strength of the recovery is highly uncertain because there is no solution yet to the health crisis.

    By the end of next year, the pandemic will have cost the global economy $12.5 trillion in lost output

    https://www.washingtonpost.com/business/2020/06/24/imf-global-economy-coronavirus

  17. #617
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    Unemployment claims worse than expected as nation hits

    14th week with more than 1 million claims

    https://www.dailykos.com/stories/202...million-claims
    McConnell and Repugs plan to screw the unemployed with a ty stimulus plan

    Dems showed some serious empathy with their HEROES act, but Repugs don't do empathy For The People



  18. #618
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    More Than $38 Billion in PPP Loans for Small Firms Canceled


    About $38.5 billion in coronavirus relief loans for small businesses were canceled as of the end of May as

    many firms rushed to return loans after a public outcry about larger companies that took funds,

    while others were spurred by concerns about having the debt become a grant.

    The value of the canceled loans was included in a Government Accountability Office report Thursday based on data from the Small Business Administration that showed

    more than 170,000 loans had been canceled as of May 31 with more still being reported.

    The GAO report didn’t specify the reasons for the cancellations.

    The SBA reported Wednesday night that more than 4.7 million loans totaling $516.5 billion have been approved, including cancellations.

    There was about $128 billion in remaining funds as of June 20 with only a few days until the agency stops accepting new applications on Tuesday.

    Small businesses also reported they were holding or considering returning their loans because of uncertainty about whether they would be required to repay debt.

    The loans are forgiven if most proceeds are spent on payroll,

    but the SBA and Treasury Department were late in releasing guidance and rules about the loan forgiveness process.

    https://finance.yahoo.com/news/more-...143944736.html

    Mnuchin and pals ed it up.



  19. #619
    Mr. John Wayne CosmicCowboy's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Mar 2003
    Post Count
    43,735
    The new guidelines were clear and released in plenty of time before the 8 week deadline. Only stupid people like Boutons couldn't understand them.

  20. #620
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514

  21. #621
    bandwagoner fans suck ducks's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Apr 2003
    Post Count
    71,514
    Link no good

  22. #622
    dangerous floater Winehole23's Avatar
    My Team
    San Antonio Spurs
    Join Date
    Nov 2008
    Post Count
    89,425
    Thumb on the scale for Apple and Disney. I wonder what the current stock market rally would look like without FANG.


  23. #623
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    Trump donors among early recipients of coronavirus loans

    As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump’s election efforts,

    Many were among the first to be approved for a loan in early April,

    And only eight businesses had to wait until early May before securing the aid,


    All told, the Trump supporters who run these companies have contributed at least $11.1 million since May 2015 to Trump’s campaign committees,

    There is no evidence the companies received favorable treatment as a result of their ties to Trump

    Code:
    Nearly half of all PPP support scooped up by health care, professional, construction and manufacturing sectors
    
    Figures through June 30, 2020
    Code:
    SECTOR NET DOLLARS LOAN COUNT % OF AMOUNT
    Health Care and Social Assistance $67,356,500,071 506,263 12.9%
    Professional, Scientific, and Technical Services $66,430,801,754 638,221 12.7%
    Construction $64,568,137,994 466,221 12.4%
    Manufacturing $54,002,922,769 229,591 10.4%
    Accommodation and Food Services $42,099,336,178 367,502 8.1%
    Retail Trade $40,355,657,949 450,181 7.7%
    Other Services (except Public Administration) $31,145,678,051 531,572 6.0%
    Wholesale Trade $27,726,783,463 167,237 5.3%
    Administrative, Support, Waste Management and Remediation Services $26,482,972,198 240,947 5.1%
    Transportation and Warehousing $17,088,399,318 191,609 3.3%
    Real Estate and Rental and Leasing $15,631,026,225 245,697 3.0%


    NewsMax, which was approved for a loan up to $5 million on April 13, the data shows. NewsMax CEO Christopher Ruddy has donated $525,000 to political committees supporting Trump,

    Muy Brands, a San Antonio, Texas-based company that operates Taco Bell, Pizza Hut and Wendy’s franchises, was approved for a loan worth between $5 million and $10 million. Its owner, James Bodenstedt, has donated $672,570 to Trump

    Mi Cocina chain, was approved for between $5 million and $10 million. Ray Washburne, one of the company’s founders, was vice chairman of the Trump Victory Committee in 2016 and donated $100,000

    https://apnews.com/00a34243825661313...sIbsDK7aHZg5Ts

  24. #624
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    At least $1.4 billion in tax-funded COVID-19 relief has gone to tax-exempt Catholic church

    The U.S. Roman Catholic Church got at least $1.4 billion in those loans

    "with many millions going to dioceses that have paid huge settlements or

    sought bankruptcy protection because of clergy sexual abuse cover-ups."

    The AP has found that the Catholic Church

    got between $1.4 billion and at least $3.5 billion from the program,

    split among at least 3,500 forgivable loans to dioceses, parishes, schools, and other church programs.

    The report found that the church, by

    "aggressively promoting the payroll program and marshaling resources to help affiliates navigate its shifting rules,"

    "The government grants special dispensation, and that creates a kind of structural favoritism,"

    "And that favoritism was worth billions of dollars."

    https://www.dailykos.com/stories/1959689

  25. #625
    Veteran
    My Team
    San Antonio Spurs
    Join Date
    Mar 2009
    Post Count
    97,514
    always trying to get the big picture, reading everything I can

    CARES, conceived in March, was based on the pandemic being essentially no longer an economic impediment by August.

    CARES was to carry the country through to the "effective" end of the pandemic

    Since that's not the case, one view is that CARES was wasted, since during the CARES months, the pandemic was not only not decreasing, but thanks to Repug MISgoverance WORSENING beyond what was known in March.

    So now a couple weeks from ending the CARES unemployment support, there is still a worse need for another CARES Act, like the HEROES Act killed by Moscow Mitch.

    The stock market and Capital, the controlling priority for Congress, must see now that Capital will LOSE capital if not given more from Congress.

    btw, apparently, poverty went down under CARES, even as unemployment exploded, because Labor that works for poverty wages, was temporarily lifted out of poverty $600/week = $15/hour for 40 hours
    Last edited by boutons_deux; 07-12-2020 at 05:51 PM.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •