Trump's Half A Trillion Secret Stimulus Bill

For those of you that didn’t catch it Trump and the Republican’s stimulus plan failed as they didn’t have enough votes to pass it. The sticking point is half a trillion-dollar slush fund that is to be used as Steve Mnuchin sees fit. He has sole say-so over how the money is spent. Furthermore, American citizens aren’t allowed to know which companies receive a bailout from these funds.

 

Under this plan, Mnuchin could cut a check to Trump to bail out Trump resorts and golf courses and the public wouldn’t be told about it.  

 

Source

Edited on Mar 22, 2020 4:59pm

More speculated hatred - as usual, from the same sources.

Originally posted by: David Miller

More speculated hatred - as usual, from the same sources.


No speculation! This is how the text of the bill reads. There is no oversight and no limits on how the money is spent.

This statement is pure speculation on your part- "Under this plan, Mnuchin could cut a check to Trump to bail out Trump resorts and golf courses and the public wouldn’t be told about it."


Originally posted by: David Miller

This statement is pure speculation on your part- "Under this plan, Mnuchin could cut a check to Trump to bail out Trump resorts and golf courses and the public wouldn’t be told about it."


He could. Why do you think every time Trump mentions bailouts right after airlines are mentioned hotels are brought up? Why would you bail out a hotel? They aren't essential to anything. After the crisis ends, investors can buy them and reopen them with less debt than before. 

 

 
 
 
 
spec·u·la·tion
/ˌspekyəˈlāSH(ə)n/
 
noun
  1. 1.
    the forming of a theory or conjecture without firm evidence.
Originally posted by: Mark

He could. Why do you think every time Trump mentions bailouts right after airlines are mentioned hotels are brought up? Why would you bail out a hotel? They aren't essential to anything. After the crisis ends, investors can buy them and reopen them with less debt than before. 


Not sure you can claim hotels are not essential. Business travel is very essential. Do you have any idea how that will effect hotel employees. Do you want them all to file bankruptcy? Cause that will happen to a large amount of them and of course that causes the companies that supply their goods goes broke also!

Yep, pennies on the dollar and you only pay any suppliers pennies on the dollar!

The Republican plan was to give money to companies to spend as they see fit.  Democrats objected the money should come with stipulations like the receiving companies dont layoff workers and  dont use bailout money for executive bonuses/stock buybacks/dividends.   

 

Seems pretty reasonable.    We wont know until the final, negotiated  bill passes.

 

But 1 thing is not speculative - this is going to be the biggest Socialism act in any of our lifetimes.   David Miller and friends are going to get a first hand glimpse of life in Venezeula brought to us by Donald Trump.

 

Its positively delicious.

 

Rdwoodpecker,  As a businessman Trump used Bankruptcy as a business model.  Leverage as much as possible, file bankruptcy, walk away.  rinse, repeat.

 

I'm repeatedly told by my Trump supporter friends, "He is a succesful businessman".  I respond with He is a brazen businessman with very little scruples.

More twisted ,ignorant hating, as I predicted from the same individuals. 

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