‘Doomed to fail’: Why a $4 trillion bailout couldn’t revive the American economy

kane

kane

EOG master
mr merlin said:
No more pandemic stimulus, nothing, it's time to open everything up, take the masks off, move on.
Click to expand...

Sorry, but your orange hero failed bigly with the virus sir, so God sent us Joe Biden to fix the problem, just one drop of Biden's blood injected into someone with Covid would probably cure them
 
X-Files

X-Files

2
"Much of the money was issued to companies regardless of whether they were impacted by the pandemic or used it to pay employees.

The bill included $651 billion in business tax breaks that often went to companies unaffected by the pandemic and others that laid off thousands of workers. The Cheesecake Factory, for example, furloughed 41,000 people, and said it will claim a tax break worth $50 million.

Billions more went to the Federal Reserve to help stabilize markets, and those efforts enabled many companies — including Wells Fargo, AT&T and Carnival, the cruise company — to borrow at lower rates while also laying off thousands of workers.

Finally, while a complete accounting of the $670 billion Paycheck Protection Program isn’t likely to be available for months or years, companies that received the money were not compelled to use it to protect paychecks — and many didn’t.

More than 210 hotel owners received PPP funds, for example, and have yet to rehire most of their staffs, according to Unite Here, the union whose members staff the properties. Among them: Omni Hotels & Resorts, a chain controlled by Texas billionaire Robert Rowling. A group of Omni properties received between $30 million and $71 million from the PPP while also furloughing workers and cutting off their health insurance coverage.
 
raiders72001

raiders72001

1
It failed big time because the democrats sent the money to the rich. Trump wants a stand alone bill to help businesses and people. The new bill also contains a ton in Pelosi's wish list. That's what is holding it up.
 
raiders72001

raiders72001

1
Pelosi, House Democrats Exploit COVID-19 Crisis to Push Liberal Spending Wishlist, Again


Background

Heroes Act 2.0:

This bill recycles the same socialist wish list that was offered in the Heroes Act, which House Republicans overwhelmingly rejected and cannot pass the Senate or be signed into law by President Trump. Costing approximately $2.2 trillion, this is nothing more than a messaging exercise intended to appease the far-left base by included progressive policies that have nothing to do with the COVID-19 pandemic including:

  • Defunds the police by removing $600 million from the original Heroes Act intended for the COPS Hiring program and state and local law enforcement assistance.
  • Removes safeguards in the Paycheck Protection Program that would prevent taxpayer money from bailing out Planned Parenthood.
  • Provides “deferred action” and work authorization during the emergency declaration and for 90 days after for illegal aliens working in jobs that could be held by out of work Americans.
  • Federalizes elections, with only five weeks to election day, by including stringent, impossible to achieve mandates on how states must run elections, including early voting, no ID requirement for in-person voting, same-day registration, and no excuse vote by mail without safeguards or restrictions on ballot harvesting.
  • Provides a tax break for millionaires and billionaires by repealing SALT limitations for 2020.
  • Uses taxpayer dollars to bail out failing multiemployer pension plans while failing to include any needed reforms to fix the problem.
  • Pushes back the deadlines for the Census and delays final counting.
Click to expand...
 
raiders72001

raiders72001

1
“[Democrats] no longer [want] $3 trillion, they’re now asking for $4 trillion. And remember, in their $3 trillion bill it mentioned ‘cannabis’ more than it ever mentioned ‘research’ or ‘jobs’.

“This is what they have, they just have a wishlist and not a way forward.

“Even today when you have unemployment insurance, the extra amount of money that the the federal government puts in… Republicans said let’s extend it a week while we negotiate. You know who said no? Chuck Schumer. But watch what they will say on television.

“The president was willing to continue to go forward to protect those who are unemployed right now so we can get people working again, and solve this problem.

“Every single time we [have] worked on COVID-19 legislation, you know who has held it up? Nancy Pelosi. Remember [her showcasing] her refrigerator when small businesses needed money for their employees? She said no. Or when the very first CARES Act went forward, she said no and held it for another week.
Click to expand...
https://www.republicanleader.gov/mc...list-not-a-way-forward-on-coronavirus-relief/
 
mr merlin

mr merlin

EOG Master
Cases surging in states with Dem governors today, NY, NJ, PA, MI, CA ILL,isn't it great to see their covid house of cards collapsing all around them?

God is smiting them.
 
FairWarning

FairWarning

Bells Beer Connoisseur
mr merlin said:
Cases surging in states with Dem governors today, NY, NJ, PA, MI, CA ILL,isn't it great to see their covid house of cards collapsing all around them?

God is smiting them.
Click to expand...
It's great that MI made the list. Couldn't be more proud. I love giving up pay for people's "rights"

Did the sarcasm meter go off yet?

Unfortunately Raiders, Trump isn't dealing from strength with Pelosi at the moment.
 
B

billysink

EOG Dedicated
X-Files said:
" ‘Doomed to fail’: Why a $4
trillion bailout couldn’t revive
the American economy

An avalanche of U.S. grants and loans helped the wealthy and companies
that laid off workers. Individuals received about one-fifth of the aid."


https://www.washingtonpost.com/graphics/2020/business/coronavirus-bailout-spending/

Continued at above url.

Click to expand...

For three years now taxpayer dollars have kept the markets at record levels while the economy cooled, crashed and flounders at about 78% recovered.

Taken from your bank by thieves.
 
raiders72001

raiders72001

1
Market at all time high, record unemployment for minorities, best economy the US ever had until covid hit and the dems shutting everything down.
 
raiders72001

raiders72001

1
x-files doesn't realize that the democrats wanted all the BS in the bailout. That's not what the republicans wanted and it's not what Trump wanted. Pelosi held them hostage and forced what she wanted for her rich friends and dem programs.
 
X-Files

X-Files

2
"While the stimulus attempted to ease the economic pain, economists say the real cause - the ongoing pandemic - was unaddressed. Only 16 percent of the money was allotted to fighting the health crisis, including testing and contact tracing."

https://www.washingtonpost.com/graph...lout-spending/

Click to expand...

raiders72001 said:
You aren't getting it. Trump wanted a stand alone bill 100% coronavirus. Pelosi (democrats) added the rest.
Click to expand...

Why would i care about that or US politics & what is "it" you think i'm not getting. Did you actually think i have a political agenda or am a Democrat?
 
X-Files

X-Files

2
raiders72001 said:
Everything you post supports democrats.
Click to expand...

I'm not a Democrat, never have been, never lived in the US or voted in a US election & don't care who wins or won any US election. God appoints whom He wills.

I have no political agenda.

If anything i post agrees with what Democrats also think, that is merely incidental or accidental, not by design.

Considering the Democrats have many viewpoints on many matters, i'm quite sure i'd disagree with many of them. Ditto for other US political parties.
 
Bigrunner

Bigrunner

EOG Master
And all Raiders the retard post are lies, misinformation, disinformation, conspiracies, and consistently parrots Trump and right wing propaganda. If you listen to Raiders the Retard, Hydroxychlorquine was the cure for Covid, like a miracle. Or ACB wasn't allowed to answer questions regarding voter intimidation at polling places. Just a couple of peeks of many.
 
FairWarning

FairWarning

Bells Beer Connoisseur
X-Files said:
I'm not a Democrat, never have been, never lived in the US or voted in a US election & don't care who wins or won any US election. God appoints whom He wills.

I have no political agenda.

If anything i post agrees with what Democrats also think, that is merely incidental or accidental, not by design.

Considering the Democrats have many viewpoints on many matters, i'm quite sure i'd disagree with many of them. Ditto for other US political parties.
Click to expand...

I certainly disagree with them.
 
You must log in or register to reply here.
Top