Politics Thread

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Originally Posted by GoMuskies

They're not complicit. They were helpful. I mean, if you guys thought it was better to let large swaths of the economy collapse because of a pandemic...

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Of course they're complicit. They could structure this thing so there was more help for the people actually being hurt.
They could have put real teeth in any money going again to the companies who took the last tax cut (with all the crap people bought into about re-investment in America) and promptly paid big bonuses and bought back stock .

Also, I haven't heard a word about the deficit or debt. All I hear about are rumblings of cutting Soc Sec and Medicare.
We're all suckers for this situation, and the big boys are laughing all the way to the trough.

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Originally Posted by STL_XUfan

These bailouts feel a lot different than 2008 where we were bailing them out from a self inflicted wound. Instead this feels a lot more like a government taking situation, where for the greater good of society the government has essentially shut down bars, restaurants, hotels, and airlines.

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Nice post

Omg I just read about the effectively 4 trillion dollars bailout with little.oversight. The Democrats rolled over on this one.

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Originally Posted by Caf

No it doesn't because these companies have structured their balance sheets in a way that they could not handle any unforeseen circumstances.

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This isn't "any unforseen circumstances". This is a literal shutdown of the economy.

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Originally Posted by GoMuskies

This isn't "any unforseen circumstances". This is a literal shutdown of the economy.

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I'm not saying this is not a massive event. I am saying there are consequences to abandoning capitalism when it gets inconvenient.

1) Businesses/executives got the appreciation on the way up, workers did not.
2) We're reinforcing the mindset that the stock price is the only relevant metric, so bet the house.
3) The only thing more levered than the companies we're bailing out is the federal government who never paid down the last round.

They're coming back to the trough in a month. You can bet your $1,200 on that.

All relevant points if this was happening outside the context of a pandemic.

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Originally Posted by smileyy

Omg I just read about the effectively 4 trillion dollars bailout with little.oversight. The Democrats rolled over on this one.

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Rolled over? Haha. You think there are sides? The talking points are just distractions, diversions to a much bigger game.

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Originally Posted by GoMuskies

All relevant points if this was happening outside the context of socialism.

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The worst part is this won't even fix the problem. We don't even know how bad the problem is yet. People getting the benefit are not staying inside for $1,200, people making over 75k aren't staying home for nothing. Multiple states have said their portion is a drop in the bucket of what they need. I also think I hear the pension funds coming...

The piper will need to be paid someday. President AOC and the Donald Trump Jr. will likely have a few ideas. Might I suggest hyperinflation. Buy gold.

No we can fix this. The place to start is with how many federal agencies there are. So how many are there?

We're going to need 4 months of UBI, a suspension of rent and mortgages, as well as student loans.