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Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

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Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Handyman said:
No, in what continues to surprise, she says corporate bailouts are wasted money. Much like the Gaetz tweet a few days ago I had to read this stuff a few times :eek:
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And Liz Cheney.

"Nothing so concentrates the mind as the sight of the gallows."
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

.
<img width=400 src=https://i.imgur.com/if0lLWk.jpg>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My colleagues and I are pushing for the immediate cancellation of federal student loan payments for the duration of the pandemic. And we should also cancel at least $10,000 of student debt for all borrowers.</p>— Kamala Harris (@SenKamalaHarris) <a href="https://twitter.com/SenKamalaHarris/status/1242927623573028874?ref_src=twsrc%5Etfw">March 25, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

From CNBC

Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero
PUBLISHED WED, MAR 25 2020 11:03 AM EDT
UPDATED 3 HOURS AGO
Jeff Cox
@JEFFCOXCNBCCOM
@JEFF.COX.7528
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KEY POINTS
The one-month and three-month Treasury bill yields turned negative Wednesday.
There was only one other period, briefly in 2015, when that happened, but the most recent yields were well below that level.
A flight-to-safety trade has helped push yields down even though stocks have rallied sharply the past two days.
The coronavirus crisis has brought another first to U.S. financial markets — negative yields on government debt.

Yields on both the 1-month and 3-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near zero and as investors have flocked to the safety of fixed income amid general market turmoil.
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Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Has anyone in the admin bothered trying to justify Mnuchin, I mean Jared, I mean the US taxpayers are taking ownership of airlines? Wouldn’t this normally have been a loan? Frickin oligarchs
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

geezer said:
Has anyone in the admin bothered trying to justify Mnuchin, I mean Jared, I mean the US taxpayers are taking ownership of airlines? Wouldn’t this normally have been a loan? Frickin oligarchs
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My understanding is that both the airline execs and the labor unions were against loans. Execs just wanted cash with no payback while unions were worried about job losses if costs were cut to pay loans. Middle of the road solution was an equity stake that presumably the govt will sell when share prices go up.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Sweet Fancy Moses <a href="https://t.co/xKUsxOFmpb">https://t.co/xKUsxOFmpb</a></p>— Kevin M. Kruse (@KevinMKruse) <a href="https://twitter.com/KevinMKruse/status/1243161597826252803?ref_src=twsrc%5Etfw">March 26, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Holiest of all tapdancing Christs. 3.3 million new claims?
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

rufus said:
Running the country like his businesses.

Good plan.
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He ran the country just like he ran his airline and his University. We always did need a businessman in the White House. You know, a guy that "gets it".
 
ScoobyDoo said:
He ran the country just like he ran his airline and his University. We always did need a businessman in the White House. You know, a guy that "gets it".
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Still won’t change many people’s minds. Economic ruin and a depression are still better than “soshalizm” to many idiots
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Deutsche Gopher Fan said:
Still won’t change many people’s minds. Economic ruin and a depression are still better than “soshalizm” to many idiots
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Socialism is the worst. But, hey, let's get those loans and bailouts to banks, large corporations, and Boeing. God, please save Boeing.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

dxmnkd316 said:
Holiest of all tapdancing Christs. 3.3 million new claims?
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If you tell more than half the country that they can't go to work, or if you close their place of work, yeah you're going to see 3.3 million. Surprised it's not more, actually.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

We can resurrect an economy, but we can’t resurrect the dead. Not even if we’re open on Easter Day.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

ScoobyDoo said:
Socialism is the worst. But, hey, let's get those loans and bailouts to banks, large corporations, and Boeing. God, please save Boeing.
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Scoobs we now have a new putdown for our knuckledragger friends. Any one of them that starts railing against socialism you can simply ask if they refused the one time payments from the Treasury. Try to capture the look on the faces on camera as they try to process that one.
 
SJHovey said:
Surprised it's not more, actually.
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It will be way up when people get done working through shutdowns, leave pay, etc. There are restaurants closing every day, more than there were last week. If the bonus becomes law there are a ton of hourly workers who will be begging for a lay-off.
I talked to a guy this morning who makes $400/week. Laid off, he would get $900. He is waiting for the final signature to plead with his boss to be sent home for the summer. And he will be, as a favor to a 15-year employee.
 
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Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

geezer said:
It will be way up when people get done working through shutdowns, leave pay, etc. There are restaurants closing every day, more than there were last week. If the bonus becomes law there are a ton of hourly workers who will be begging for a lay-off.
I talked to a guy this morning who makes $400/week. Laid off, he would get $900. He is waiting for the final signature to plead with his boss to be sent home for the summer. And he will be, as a favor to a 15-year employee.
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I'm running into that problem too. Right now we're just paying our employees, but they want the bonus. If I do it, it's unquestionably better for me, but it does not feel right at all.
 
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