MAGA: Dow sinks below levels from Trump inauguration

Discussion in 'Politics' started by exGOPer, Mar 18, 2020.

  1. kingjelly

    kingjelly

    Trump underestimated the virus, it's cost him his presidency/legacy and it's cost us our economy for while.
     
    #21     Mar 18, 2020
  2. Considering it's killing less people per day than die from slips and trips, it's easy to underestimate. Where all da dead people?
     
    #22     Mar 18, 2020
    smallfil likes this.
  3. Imagine how low this would be going if the ol' hag Hillary was in the White House.
     
    #23     Mar 18, 2020
  4. Cuddles

    Cuddles

    how do you like 500/day? we'll be there in a month
     
    #24     Mar 18, 2020
    Dr. Love likes this.
  5. exGOPer

    exGOPer

    You are stupid because you think pointing out someone's fault means cheering other people's suffering.

    And this is an old one ' I am not a Trump supporter but...'

    Give me a break, peddle your bullshit to your fellow Trump supporters, at least be proud of the dumbfucks you support instead of your weaseling.
     
    #25     Mar 18, 2020
  6. MAGA . . . . . . So Much Winning


    Private equity firms told to ‘get to the back of the line’ as wealthy investors try to profit off coronavirus relief funds


    [​IMG]

    Executives and lobbyists from some of the most profitable private equity firms in the U.S. are aggressively pressuring members of Congress and Trump administration officials to ensure that the huge investment companies are able to benefit from coronavirus stimulus funding—including a $350 billion relief program intended to help struggling small businesses.

    NBC News reported Saturday that investment giant Apollo Global Management sent an email last week to Jared Kushner—President Donald Trump’s son-in-law and senior adviser—as well as other White House officials pleading with the administration to “relax rules on coronavirus relief money in a way that would benefit the company.”

    “We’re going to have our radar up on how private equity is going to try to maneuver this whole issue. Our argument is that private-equity companies shouldn’t be trying to milk the small-business side.”
    —Sen. Ron Wyden


    “But Apollo is not just any business: It made a $184 million loan in 2017 to Kushner Companies, the real estate company in which Jared Kushner… retains an interest,” NBC noted.

    Apollo’s overture to Kushner was part of what the Washington Post on Monday described as a “rush of behind-the-scenes jockeying” by private equity firms as banks—under the guidance of the Treasury Department—begin distributing loans authorized by the multi-trillion-dollar Coronavirus Aid, Relief, and Economic Security (CARES) Act, which Trump signed into law late last month.

    Several private equity titans, including Blackstone group CEO Stephen Schwarzman, took part in a conference call Trump hosted late last month as the coronavirus spread rapidly across the U.S. and sent the economy into a tailspin. The firms are now, according to reporting from various outlets, urging lawmakers and the White House to relieve federal restrictions that bar many small businesses backed by private equity from receiving funding from the $350 billion Paycheck Protection Program.


    But progressive lawmakers are raising alarm about private equity firms’ efforts, particularly given the industry’s sordid record of buying up companies and wringing as much profit out of them as possible before laying off workers en masse. The destructive impact of the private equity industry’s business model is currently being felt in hospitals, restaurants, and other sectors as the coronavirus outbreak rattles the entire U.S. economy.

    “I think the private equity industry can pull itself up from its trillion-dollar bootstraps,” Rep. Mark Pocan (D-Wis.), co-chair of the Congressional Progressive Caucus, tweeted Monday, alluding to the fact that the industry started 2020 with $1.5 trillion in unspent capital. “I’m going to focus on helping working families.”

    Sen. Ron Wyden (D-Ore.), the top Democrat on the Senate Finance Committee, told the Post that Congress must keep a close eye on private equity companies’ behavior as economic stimulus efforts continue.
     
    #26     Apr 7, 2020