Trump Plans To Bailout Shale Oil Industry

White House officials are alarmed at the prospect that numerous shale companies, many of them deep in debt, could be driven out of business if the downturn in oil prices turns into a prolonged crisis for the industry. The federal assistance is likely to take the form of low-interest government loans to the shale companies, whose lines of credit to major financial institutions have been choked off, three people said.

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The conservative view of capitalism is that all losses are socialized while all profits are privatized. Trump shows once again in the middle of a pandemic that his priorities are all wrong. 

Once again, made up conclusions by a biased liberal.

You can read the story, David. What is made up about Trump wanting to bail them out? 

So . . . the oil industry is joining the farmers in getting "free shit".

Don't forget the travel industry which includes Trump himself. 

Stalker's just being his usual scumbag asshole self. Anything he doesn't want to hear is "made up" and FAKE NOOZE.

I expect our resident Trumptards to be appropriately outraged about this egregious practice of SOOOOOCIALISM. Giving free shit to big shale oil companies! Taxpayer money thrown at businesses that didn't prepare for life! Boilerman should pop like an overripe zit in outrage!!!

It's sad but hilarious to realize that the Republicans explode in outrage at a single mother getting $134 a month so she can feed herself and her children, but are just swell with $50 billion being given to failing companies in the fossil fuel industry.

He floated a ZERO percent federal payroll income tax rate today.  Larry Kudlow assurred the revenue could be picked up from elsewhere.     Details are to follow.   Maybe Deutsche Bank will give it to us.

And what fucking difference would that make? People's paychecks would be a bit larger. But guess what--their tax liability would still be the same at the end of the year. So they'd have to write the federal government a larger check at tax time. It's not any kind of incentive to stay home--which is what the government should be offering. Paid sick leave, self-quarantine being an acceptable reason to collect unemployment insurance--those are the measures that would really help. California and Washington are implementing programs like that right now, rather than waiting for Trump to get off his big fat orange ass.

The revenue could be replaced by suspending construction of Da Wall and reinstating taxes on billionaires and big corporations--but Trump wouldn't do that, because that would be admitting what a failure his tax cuts were.

Haven't you heard Da Wall is going to keep us from catching COVID-19 from those 7 Mexican dudes that have it?