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03-17-2020, 11:41 PM | #1 | |||
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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I knew it, I fucking knew it
I not only knew it would happen I called it days ago...
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You won't need toilet paper, taxpayer, after this bailout gets shoved up your ass.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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03-18-2020, 07:02 AM | #2 |
still says videotape
Join Date: Feb 2001
Posts: 26,813
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That kinda pisses me off.
On the bright side, Donald J Trump seems to have found his footing. The White House has realized that without consumers there is no economy. This run counter to the narrative that runs in my head about the President lacking empathy. This is good news and I'm willing to say it.
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If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis |
03-18-2020, 09:05 AM | #3 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Empathy for his income is not empathy.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
03-18-2020, 09:32 AM | #4 |
maskless: yesterday, today, tomorrow
Join Date: Jan 2009
Posts: 2,162
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send the bills to china
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like the other guy sez: 'not really back, blah-blah-blah...' |
03-18-2020, 09:49 AM | #5 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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The president message is that he fixed the economy. Citing the Stock Market and job numbers (a lagging indicator) as proof. He could not even bother to admit the pandemic was coming until the stock market crashed. And governors starting ordering businesses to close. Only then did he realize it was a threat to his reelection - the only thing that matters to The Don. It is always and only about him. No empathy has been demonstrated for anyone else.
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03-18-2020, 12:18 PM | #6 |
Junior Master Dwellar
Join Date: Sep 2007
Location: Northern California
Posts: 2,122
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I predicted a month ago that Bozo and his circus cabinet would make the coming epidemic much worse.
I was right. Now they are using it so move more money from the poor to the rich. That is what they do. |
03-18-2020, 06:17 PM | #7 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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It was expected. For example, tax cuts eventually create recessions. The Fed was repeatedly lowering interest rates that long ago due to a recession. Many industries (agriculture, industrial metal manufacturing, white appliances, cosmetics, boats, clothing, airplanes, wines, chemical products, meats, whiskey, lumber, auto parts) were already suffering due to trade embargoes - to fix problems that did not exist. Auto product and even some Harley Davidson production was forced out of America due to higher costs created by tariff - that have no purpose. Agricultural trade with China that was once $19 billion was reduced to $9 billion with harm especially suffered by wheat, soybean, nut, berry, orange, and apple producers. But somehow none of that contributed to recession - if one only recites what he is ordered to believe. |
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03-22-2020, 08:28 PM | #8 |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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President Trump Joins Democrats in Calls to Block Share Buybacks
Well would you look at that Just look at it Oh you can't, it's paywalled |
04-05-2020, 05:25 AM | #9 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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I don’t know who made this chart but I’m assuming the distribution numbers are correct. Right off the top is $153.5 Billion for public health seems reasonable right now. Student Loans/Other (with an asterisk which means estimated). What’s other, teacher loans? To pay off existing loans, make more loans, or pay the banks on loans they couldn’t collect? The individual section, $300B give away and $260B unemployment is pretty clear. Large Corporations section splits off national security at $17B. What? Border guards, no they’re budgeted. TSA maybe if they’ve been paid by a ticket surcharge? Then it splits off $58B for airlines – $25B passenger wages&benefits must be passenger carriers even though they also carry cargo. Then $4B cargo wages&benefits would be UPS, Fedex, DPL I guess, although they may be plenty busy with online shopping. $3B for Contractors? Plane maintenance companies? In flight meal providers? Airport maintenance companies? Wouldn’t they be under Small Business or Large Corporations? $26B for airlines – other? Other airlines or other expenses, that’s a larrrrge number. But that only leaves $425B for large corporations. I’m sure Boeing, Comcast, McDonalds, Medtronics, walmart, etc, paying their Brass $15 or $20 million need help. $377B for Small Business takes $10B off the top for Grants. Is that Lester Grants Atlantic station in the center of town? Oh wait, can’t be that’s gone now. The word grants makes me think of research projects but that’s probably off base. Pretty sure it means give it away though. $17B relief for existing loans – sounds like bailing small businesses who already are in hock, but my guess it goes to banks (or investment groups) that made bad bets. The remaining $350B to small businesses in trouble and there’ll be a lot of those. $339.8B for state& local governments. First $274B for Covid-19 response. Hmm, then what was that $153.5B for public health at the top, I thought that was for the Covid-19? $5B block grants, are blocks that expensive? Blocks of votes could be. $13B K-12, they can sure use it. I hope it goes to the ones that really need it but probably won’t. $44B higher ed. Hopefully community colleges, I don’t think Harvard needs it. $5.3B family programs? Counseling? Daycare? Guys sticking pins in condoms for making more families? $28.5B governments other. Federal, state, local, there aren’t any other governments, must be other expenses. More armored cars and riot gear for cops? A fishing cabin on the lake for the mayor? I’m suspicious of this one, ripe for theft. $26B safety net. Good except the $1.25B other is ripe for abuse. Sounds like small potatoes compared to the numbers above but $1,250,000,000 is far from small potatoes, you could buy a lot of state and local politicians with that. I'm seeing a lot of opinions on why parts of this will or won't work as intended and plenty of warnings to follow the money and see who's getting their hands on it along it's journey.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
04-30-2020, 11:56 PM | #10 | ||
The future is unwritten
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But bastards like this get my goat, especially when only 29% of jobless Americans received any benefits in March. Quote:
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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05-04-2020, 12:09 AM | #11 | |
The future is unwritten
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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