Trump's Half A Trillion Secret Stimulus Bill

Here is more about how the slush fund came about. Republicans abruptly quit negotiating around  8 PM  last night and added this half a trillion-dollar secret bailout. 

Democrats have raised a long list of objections to the Republicans' proposal, saying the bill does too little to protect the unemployed, feed the hungry, subsidize states and cushion students facing mounds of debt. They're also up in arms over language to provide up to $500 billion in loans and guarantees for corporations, at the sole discretion of the administration.

"It amounts to a blank check for Donald Trump and Treasury Secretary Steve Mnuchin," Sen. Chris Van Hollen (D-Md.) told MSNBC Sunday night. "That's outrageous, and that's not going to happen."

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I do think, rdwoodpecker raised an interesting point.

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!

Almost every business is going to go broke if this thing lasts as long as they are telling us. The entire economy will have to be rebuilt from the ground up.  We don't have unlimited resources, so hard decisions are going to have to be made. We need to make sure the foundations of the economic system are sound.  For example, setting up nationwide air service from scratch would be a really difficult undertaking, so it makes sense to have the existing airlines ramp up once the recovery begins. Banks will have to be bailed out because it would be damn difficult to rebuild a banking system from scratch. Hospitals will have to be bailed out and certain types of manufacturing will have to be bailed out. 

Hotels and golf courses aren't the types of businesses that require a great deal of expertise to operate. In addition, they aren't a foundational element of the economy. it is folly to waste limited resources bailing them out to save minimum wage jobs. Because it doesn't take a great deal of expertise to run one, they will reopen quickly once the demand is there. If there is some sort of short term gap, Airbnb can fill it. 

Yeah, it is going to suck if you own a business that isn't essential to the whole economy running but what are we going to do? As it is we will be operating on a socialist system for the foreseeable future. Hotels, restaurants and things like that are best left to the private sector to reopen. 

Honestly, we should not even be prioritizing business right now because we don't know how long this is going to last. Right now we should focus on the very basics making sure people have food, housing, health care and utilities. The rest of that stuff can wait. 

To recap. The Democrats are holding up a bill that will help keep companies open & in turn keep people employed in order to maintain the Democratic goal of paying people not to work. 

And fish face wants her own bill of paying people not to work. 

And an added note, many of the hotels are not owned by the major hotel chains, but are actually small businesses that are licensing the brand. 

Thats right, Tom.

Democrats paid close  attention to what companies did with taxpayer money from the tax cuts that sent our country into a trillion dollar deficit.   It wasn't the $4k raise they promised to workers - it was massive stock buybacks.   

So I guess it just depends if you want to trust companies with borrowed taxpayer money again.   I'm glad to see Nancy Pelosi doesn't.  But   You're free to follow Larry Kudlow  into the same fairy tale he's lied about for 30 years if you want to.     free country. 

Companies are experiencing a cash crunch, so there is no incentive for companies to spend cash on stock buybacks as they need cash to keep operating. 

Democrats would rather spend money on paying people not to work. 

Tom parrots the standard conservative garbage that unemployment compensation is "paying people not to work."

What an idiotic, mean-spirited, and fundamentally wrong point of view!

What's wrong with speculation, especially when talking about something that hasn't actually happened yet? You never do that???

What's wrong? If you have to ask that question, then I know explaining the obvious reasons would be lost on you. 

1. Democrats want to keep ordinary people from being hurt too badly by the upcoming recession, so they craft a stimulus bill.

2. Republicans say, fine, but you have to give us half a trillion dollars that we can give to some unspecified big corporations. We have to reward our campaign donors!

3. Democrats: No way!

4. Republicans: The lying no-good pasty-faced socialist liberal Democrats are holding up a bill that is desperately needed to help American families!!!!

Our Trumpers: YAY MITCH!!! (shaking their asses and pom-poms)

Ah, so you're unable to answer and you're dodging the question. Just like Trump.

Euripides said - "talk sense to a fool and he calls you foolish" - I am thru attempting to talk sense to you.