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Old 03-16-2020, 12:56 PM
 
Location: Arizona
6,137 posts, read 3,868,644 times
Reputation: 4900

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https://thehill.com/homenews/senate/...at-coronavirus

The hysteria is going to far wider implications after this likely winds down in a few months.

Seems like it is a corporate welfare bonanza, households as just as a starter will get five-figures for staying at home with their kids because of closed schools.

The whole thing is almost completely surreal. Every little dip in equilities becomes an excuse to roll out a new daily program that is the size of the 2009 and 1930s bailouts in total.

This is extra on top of the fortune they were going to give parents who have children who can't go to school basically pay their wages because the schools are closed and increasing the federal Medicaid percentage so that states have to pay much less.

They can't cut interest rates anymore and they are giving the banks cash to waste in exchange for safe T-bills with their sham Repo program.

The trends Demographically were already going cause a tsunami of spending in the next decade and now they are basically throwing everything and the kitchen sick over a short-term or seasonal issue.

Every day the equities market rebalances itself to where it should be there is another massive plan that makes the massive bailouts in 2009 look tiny in comparison.
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Old 03-16-2020, 01:01 PM
 
Location: New York
2,486 posts, read 826,204 times
Reputation: 1883
Quote:
Originally Posted by lovecrowds View Post
https://thehill.com/homenews/senate/...at-coronavirus

The hysteria is going to far wider implications after this likely winds down in a few months.

The trends Demographically were already going cause a tsunami of spending in the next decade and now they are basically throwing everything and the kitchen sick over a short-term or seasonal issue.

Every day the equities market rebalances itself to where it should be there is another massive plan that makes the massive bailouts in 2009 look tiny in comparison.
They're trying to use this as an excuse to fund all of their pork. Pelosi held up the last bill for over a day attempting to put in abortion funding.

How does abortion funding have anything to do with the coronavirus?




They are playing political football and risking lives in the process. It's more DC swamp BS!
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Old 03-16-2020, 03:01 PM
 
Location: Cape Cod
24,502 posts, read 17,255,259 times
Reputation: 35800
Quote:
Originally Posted by Originalist View Post
They're trying to use this as an excuse to fund all of their pork. Pelosi held up the last bill for over a day attempting to put in abortion funding.

How does abortion funding have anything to do with the coronavirus?




They are playing political football and risking lives in the process. It's more DC swamp BS!





Playing political football with peoples lives is a game the Dems love to play, remember Benghazi? Our people were under siege as Obama and Hillary watched and decided the best approach so as not to upset or trigger anyone. If Trump was Prez he would have told the marines to go get our people the second the shooting started. Trump is a real "damn the torpedoes" type but he gets stuff done.





I do think we all need to limit our social exposure for a few weeks but all the billions that the Gov is throwing around? Is it really necessary or are the Dems so willing to "make it rain" so they can pin the blame for the increase in the deficit on Trump and possible resulting recesson right before the election?
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Old 03-16-2020, 03:13 PM
 
27,307 posts, read 16,237,091 times
Reputation: 12102
No more money. Throwing money at something that will burn itself out does nothing.
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Old 03-16-2020, 03:24 PM
 
Location: Long Island
57,323 posts, read 26,245,816 times
Reputation: 15664
I wish you had the same concern for the 2017 tax cut and spending increases, at least this would help desperate people rather than corporations that already had record profits.
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Old 03-16-2020, 03:32 PM
 
7,235 posts, read 7,043,473 times
Reputation: 12265
Entire industries are shutting down or being severely curtailed. The economic fallout of this goes way beyond what your 401k looks like today.

I’m constantly amazed at how many posters who “love their country” have so little regard for its citizens.
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Old 03-16-2020, 03:38 PM
 
Location: New York
2,486 posts, read 826,204 times
Reputation: 1883
Quote:
Originally Posted by Goodnight View Post
I wish you had the same concern for the 2017 tax cut and spending increases, at least this would help desperate people rather than corporations that already had record profits.

Oh Lord...


The majority of us are sick of the same horn being blown.


More than 3 years of the same thing over and over and over and over and over - with the same result. TDS is irrational.
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Old 03-16-2020, 03:39 PM
 
Location: NE Mississippi
25,587 posts, read 17,310,316 times
Reputation: 37356
The Dems are looking for something for The Republicans to turn down.
When Coronavirus gets worse - and it will - they can claim they had the answer, but The Republicans turned it down.
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Old 03-16-2020, 03:44 PM
 
27,307 posts, read 16,237,091 times
Reputation: 12102
Quote:
Originally Posted by Cantabridgienne View Post
Entire industries are shutting down or being severely curtailed. The economic fallout of this goes way beyond what your 401k looks like today.

I’m constantly amazed at how many posters who “love their country” have so little regard for its citizens.
I love my country and I especially love it when people take responsibility for their actions and rely on their own resources instead of the hard work of others. I have more respect for a house cleaner than a deadbeat sitting on the porch sucking down a forty moaning about the welfare check.
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Old 03-16-2020, 03:46 PM
 
17,441 posts, read 9,277,731 times
Reputation: 11907
They haven’t had time to even begin to spend the Billions they already voted on.
Nancy & Chuck want to make sure this crisis doesn’t go to waste.

They have Giant Christmas Trees they want to fund, and will attempt to do just that.
Buckets of Slush Money to the most Leftist States .... absolutely nobody can hide and waste money like a Leftist.
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