Then all you can say is "Oops".
You endorsed idiotic incompetence at dealing with anything more complex than TV ratings and fleecing the poor to further fatten the rich and, well, here we are.
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Psyops by Wealthy Conservatives
- Thread starter obslop
- Start date
You endorsed idiotic incompetence at dealing with anything more complex than TV ratings and fleecing the poor to further fatten the rich and, well, here we are.
When you see that figure you're not going to like it.
You don't seem to have much grasp regarding how things in economies are linked.
Do you think business owners can keep paying commercial rent and putting food on in their kids' mouths after being closed 2 months and then operating with maybe 1/5 of their normal volume?
And when those businesses can't sustain and fold, along with similar businesses, how do you think the mortgages on commercial real estate get paid?
And when those mortgages don't get paid what do you think happens?
Where do you think the money comes from to employ and pay workers?
Magic?
Are you really that STUPID?
Absolutely false, remember when GW sent every household 300 bucks. If the will existed it would happen.
Of course, but this isn't on Trump, this is a natural disaster.
If anything,, this is successful because the states are managing the crisis in their own ways rather than a top down fashion. There's no way that the East Coast should be deciding what the West or the South or anywhere else does
Hell, Sacramento shouldn't be managing Modoc County the same way it's managing LA County but we're seeing that
The more local a government is, the better
Maybe the money will come from opening up the business and engaging in the economy?
Where else do you think money comes from for any business? Magic? Dummy.
Matt T said they don't have money because they spent profits on stock buy backs.
I don't really get stock buy backs
That writing was on the wall over 20 years ago. Instead of changing our ways by caring for our citizens instead of just feeding corporate welfare and promoting further and further wealth inequality like a good 3rd World country does, what you posted above was inevitable. Covid-19 is just the nudge over the edge.Things I learned in this thread:
The USA is immune from:
violent social unrest
insane levels of unemployment
food shortages and people starving
really bad stuff
Just like it was immune from the virus!
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Except when you have different counties or municipalities with different rules and you get people squishing into one area as a result.
Although I will admit that Huntington and Newport are always 909 central. In so many ways.
Yeah, paying rent, paying workers, remaining profitable...with 1/5 the customers.
Maybe the money will come from opening up the business and engaging in the economy?
Where else do you think money comes from for any business? Magic? Dummy.
That’s fair
I can cite cite my extreme sexual distress and penchant for nonsensical revenge against the world as a result, but that’s such a cliche I’m afraid
You can keep the general public afloat for a few weeks, maybe a few months
People trying to claim that providing emergency financing to large institutions vs giving checks to individuals are the same thing are not really into details
Remember TARP? Big bailout right? The feds made money on TARP
U.S. ends TARP with $15.3 billion profit
Treasury sold its remaining shares Friday in Ally Financial, it's last remaining major stake from the $426 billion bailout of banks and the U.S. auto industry.
money.cnn.com
Company buys its own stock and retires it
This reduces number of shares in circulation and boosts the existing per share price
The stock market loves it because it shows the company is committed to keeping its share price high
It’s also tax efficient compared to dividends because dividends are taxed
The problem is companies tend to buy back their own stock even when share prices are inflated
They spend money on this instead of investment in their actual business
it'll be a depression. not a recession.
the speed and depth of the Fed's responses thus far confirm it.
the unemployment and nonfarm payrolls prints this coming Friday will be next level horrible.
if anything, unemployment numbers thus far are an underestimation as not everyone can even get into their state's system.
the speed and depth of the Fed's responses thus far confirm it.
the unemployment and nonfarm payrolls prints this coming Friday will be next level horrible.
if anything, unemployment numbers thus far are an underestimation as not everyone can even get into their state's system.