This is not a bailout’: Mnuchin defends Trump plan to rescue firms affected by coronavirus The Washington Post Treasury Secretary Steven Mnuchin on Wednesday defended the Trump administration's plan to provide targeted emergency assistance for specific industries. But White House faces questions about why it is seeking to offer some firms emergency assistance but not others. (You heard that right, Jeff Bezos. Not like Amazon would need assistance anyway.)
%% That's better than Nancy P math- she thinks the 1 Jones family is more important than Dow-Jones which is 2 famlies/30 companies of families.[NOT an ad for Dow-Jones,LOL] Tax cuts/payroll tax cuts make a lot of sense. I would rather loan the gov a bit, than borrow anything from the gov-but that is just me LOL. [And what if none of them want to borrow from the gov/red tape- then he is correct= no bail out. LOL]
Semantics is all it is. When extreme liberals talk about bailouts, they slam the farmers who got subsidies due to the trade war with China. The same American farmers who put food on the table for the families of these idiots and keep prices of food be it beef, chicken, pork, vegetables and fruits reasonable. Can you imagine if food prices went up 70-80% because there were no subsidies? The same idiots would be complaining about President Donald Trump not helping the farmers. Obamacare which extreme liberals love because of the subsidies which is a bailout of the lazy slugs by other hardworking Americans, they are for it. The subsidies do not come free out of thin air but, out of the pockets of other Americans who now have to pay higher taxes on top of higher premiums and deductibles to subsidize other Americans. That is a bailout. What about the Earned Income Credit? How can someone who gets $500 witheld from their paycheck receive $4,000 in a refund? Where did the $3,500 come from? Of course, other American taxpayers, that is highway robbery right there and yes, one of the extreme liberals bailouts that they love. Food stamps, welfare payments, section 8 are all liberal bailouts. Now, I have nothing against helping fellow Americans who need it but, you started your BS as well as other ET trolls. Go get a life!
Trump Speaking again tonight. More worthless dribble.... Literally the only thing that can save the global markets now is to see the amount of coronavirus cases drop, no amount of trillions and no interest rate cut will do anything.
Do you guys really think, people with this kind of technology and assistance would be able to make a mistake as often me and you do? YOU KNOW we are fucked, when we ourselves can run the Fed better than the Fed itself. The real questions you blind idiots should be asking is who and what can profit from this? I'm not talking money either (they have more than plenty).
Other countries are doing their darnest to bailout their economies and the US is supposed to just let US companies go under? Korean Air and Cathay Pacific both on the brink of bankruptcy. Karma would be the same idiots complaining about the US making efforts to help its citizens and companies cope due to the economic distress from the Corona Virus. Careful, you are placing bad karma on your heads. You might be among the ones needing economic aid in the end.