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Another Bernie-Bro socialist cry thread. It was especially instructive when the old Marxist's chief of staff was happy she finally got to discard the "democratic" in front of her identity as a democratic socialist. She got tired of living that lie. Yeah, we know what you all are about.
probably not the best policy... but government is not owning anything.
I understand that 1) you wish it was socialism, and 2) you are using this to try and wedge people against Trump. You guys keep repeating the question about once every other day.
Taking a TEMPORARY stake in a company as a condition of a loan or loan guarantee is always an option.
It is not the same thing as Bernie’s aspiration to somehow force all publicly- traded and private companies with revenues greater than $x to give 20% of shares to employees.
Bernie’s agenda was DOA in Congress no matter the party in the majority and he knew it.
Taking a TEMPORARY stake in a company as a condition of a loan or loan guarantee is always an option.
It is not the same thing as Bernie’s aspiration to somehow force all publicly- traded and private companies with revenues greater than $x to give 20% of shares to employees.
Bernie’s agenda was DOA in Congress no matter the party in the majority and he knew it.
Ultimately it comes down to the people, right?
It's a loan. It could go either way pending on the viewpoints of the people involved.
If capitalism is the goal - loans would be paid off and both parties move on separately.
If socialism is the goal - the people involved would take the "nose of the camel in the tent" theory, and would look to make more inroads in the finances of private companies... sort of like health care.
So ultimately - it depends on the people - which is why elections are important - and which is why people, who care about making the country better, is important.
It's not a rescue. GOVERNMENT and the MEDIA created this mess. All it means is Oppression and Tyranny.
If government was prepared for a pandemic then yes, we wouldn’t be in this mess. But we weren’t prepared and neither was our economy which is why Socialism came to the rescue
I can recall the MSM constantly and stupidly badgering Bernie about every policy he rightfully puts forth... "How are you going to pay for it Senator? Isn't that Socialism Senator?" "How are you going to pay for it Senator? Isn't that Socialism Senator?" "How are you going to pay for it Senator? Isn't that Socialism Senator?"
And as many times as her answered them, at the next debate there was a repeat performance. So tell me folks how many people are going to refuse their Socialist bailout check and how is this not Socialism? And how is a bailout for the corporations not welfare and Socialism for the rich?
small businesses (more on that in a second) will be a bailout - they get the money, they don't lay people off, that loan is forgiven.
few have cared to talk about the individual CARES payments ... but aren't they going to taxable income? So, some bailout, and some income (ie, you'll owe back 0-28% of what you get).
I saw a blurb for PPP where BofA and JPM combined had processed 650,000 requests for $80B. They are to be commended for doing this in 1 week.
The thing is .... this makes the average loan amount $123K.
Quote:
If you were in business February 15, 2019 – June 30, 2019: Your maximum loan is
equal to 250 percent of your average monthly payroll costs during that time period.
I wonder how many will be able to make it to the grace period.
Whenever government "socializes" the risk, or subsidizes business with tax dollars, that's a socialized solution to the innate problems of capitalism. It's been done on a grand scale many times in our history, some of it is done on a continuing basis, and some of it has been government's response to natural/and not so natural disasters.
Allowing business to go to the bottom is the kind of rough and ready capitalism we had in the era of the early nineteen hundreds, after the depression of the thirties, more socialistic safeguards were initiated and exist in even greater numbers today. The rulers of the American corporate state love the kind of socialism which serves them, just like the poor appreciate their socialized crumbs, one group gets to eat---and the other are regulars at the parties at Mar-A-Lago..
Socialism for the big corporations and bootstraps for the rest of us.
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