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So she wants to hand extra money over to people with student loan debt? Does she realize that many companies that would otherwise hire college graduates and allow them the means to pay off their loans might go bankrupt, without this stimulus bill?
Of course, I've been saying all along that the democrats are working hard to destroy the economy because Trump took credit for it and owns it. It is his precious, and now it is in free fall. Just as the democrats hoped. The timing is off though. A little too soon for the election. Things could snap back, if the GDP crash doesn't scare the crap out of people when they see it. We can survive TDS. We've survived worse. We will make it through this, and emerge an even stronger nation.
Another sticking point Executive Pay Should there be limits on Executive Pay to CEO's in companies who receive bail out $$
Another issue is Stock Buyback Options- Should Corporations be able to use bailout funds to buy back Corporate Stock
The above were insane reasons not to advance the bill. Loan covenants can easily prevent the above from occurring. Structured as thousands of corporate bank covenants are structured, which restricts corps using credit lines, from not maintaining the business with enough liquidity to repay the loan in full.
$500 Billion slush fund for that lying sack of **** Trump is unacceptable.
So have the working man and woman suffer because the Dems can't get their way
Democrats can try to walk that line all they want to. They will suffer for it. No one is going to get what they want. Stop playing politics! Those Americans out of work and running out of cash won't forget this. Talk of a "$500 billion slush fund" will be little comfort for working moms and dads who need cash now to keep a roof over their heads and feed their families.
I am in no way in support of eliminating any student loans. People should pay back their loans.
However, from an economic standpoint, it's understandable that eliminating student debt would simulate the economy more than sending out $1200 checks.
I'm not going to argue which one is better but I will say:
Paying off student loans is extremely unfair to those who don't have a college degree and have a lower income potential (overall) and to those who have already payed theirs off or have to pay them off in the future.
Not to mention the cries from future generation of students who believe it is their turn to have theirs payed off.
They turned way south immediately after cloture vote.
Which happened to coincide with the same time the Futures market opened and when Trump was speaking, which we also saw the same exact thing happen last Sunday when the futures market opened during the Briefing.
It's just more of congressional Democrats putting petty partisan politics over the American people. It's just what they do.
Quote:
Originally Posted by workingclasshero
of course the dumbocrats destroy the stimulus…. the dumbocrats don't care about the average working person
The Senates Coronavirus bill is a handout to Wall Street and large corporations. The bill also lacks protections for regular Americans and shortchanges hospitals and health care workers.
The senate bill gives $450 billion dollars in loans to large industries, and the bill "includes virtually no restrictions on how the money would be distributed." The bill also "delays publicly releasing the names of businesses that receive a bailout."
Should we allow republicans to give large corporations $450 billion dollars with no restrictions on how the money will be spent, while no one even knows who recieved the $450 billion dollars?
During past disease outbreaks stock markets have fallen, but 12 months later the markets typically rebound with higher gains than before the disease outbreak happened. https://www.marketwatch.com/story/he...ads-2020-01-22
Should $450 billion be given to Wall Street and large corporations (who typically rebound after disease outbreaks), or should that $450 billion be given to Hospitals, medical workers, and Americans who loose their jobs during the outbreak?
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