Here Comes The Bailouts!
Liz Warren hasn't done much/anything recently worthy of praise, but if she's serious about this declaration then she may yet save her reputation.
Elizabeth Warren demands eight conditions attached to a bailout package for business, including a $15 minimum wage for workers, a ban on share buybacks, and no dividends or executive bonuses for 3 years. pic.twitter.com/tXQX8fIVQX
— Sahil Kapur (@sahilkapur) March 17, 2020
In the meantime, the Trump Administration and both political parties are taking a short break from stripping programs that help the working class in order to give socialism for the rich, starting with the criminals at Boeing.
President Donald Trump said Tuesday that Boeing should get financial assistance from the federal government in the face of the coronavirus crisis.
Trump was already on record supporting help for the nation's airlines, who have asked for about $50 billion in help for passenger airlines, along with $8 billion for cargo airlines and $10 billion for the nation's airports...
Boeing (BA) has already been struggling with the crisis surrounding the 737 Max, which was grounded a year ago after two fatal crashes that killed 346 people.
Here's an idea: how about we nationalize Boeing and throw their executives in prison.
While we are on the subject, exactly how will Trump supporters, who are die-hard socialism-hating capitalists, justify Trump's actions?
I'm guessing "something-something deep state something-something libtards." I'm sure that it will be brilliant and not hypocritical at all, and Republicans will then blame people getting food stamps and Medicaid for all their problems.
Plenty of other industries already have their hands out.
A stimulus package to save the US economy from the ravages of the coronavirus is expected to soar beyond $1 trillion, Treasury Secretary Steven Mnuchin said Tuesday.
The bailout will include direct checks to Americans facing financial hardship, which is expected to cost $250 billion, as well as loans for small businesses and entire industries facing the brunt of the economic downturn.
...
The Senate has committed to staying in Washington until the stimulus package is passed and is preparing to sit through the weekend as the rest of the country goes into lock-down.
Comparatively, the bank bailout after the 2008 Great Recession, known as TARP, cost $700 million.
At what point do people stop putting up with this?
Bailout or no bailout, we are going into recession.
The only question is, will we demand some justice this time?
The coming bailout is a familiar moral catastrophe. During the financial crisis, the government saved the banking industry’s bacon, while asking exceedingly little of the culprits. When the government spends billions of dollars to save industries, it has enormous leverage. This is the moment when Congress can shape an economy.
...
Rather, if the public doesn’t make moral demands of its politicians, then the politicians will protect the well connected; they will siphon money to cronies: The Trump administration is considering billions in aid to casino magnates like Steve Wynn and Sheldon Adelson.
Now let's not demonize these casino billionaire parasites just because they want a taxpayer bailout while lobbying to eliminate social security.
Comments
With a great gnashing of teeth:
Liz Warren gets no kudos from me. Not one ounce of credit.
Any bailout is a sellout as anyone here should understand. The problem as we all should know is the lack of regulation and the lack of oversight.
Until people like Liz atone for their resistance to real progressive action I refuse to provide kudos!!!
RIP
@PriceRip Really? I'll give kudos
I have lived too long.
Far too many "I have seen the light" individuals in my life have reverted to their former "state of mind" following a crisis. I spent many years being involved in systemic change and am wary of getting fooled by cheaters.
I am not a cynic, per se, I am just cautious.
RIP
recycling progressive talking points
Liz the Snake is real good at recycling progressive talking points. Especially when she knows that not one of them will pass in this government.
"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar
"All power corrupts absolutely!" -- thanatokephaloides
This is just reputation damage control
"You can't just leave those who created the problem in charge of the solution."---Tyree Scott
Bingo
Just how far will Liz go to get these policies implemented? This is most likely her doing what Nancy does when she passes great bills that have no chance of being passed by the GOP senate and signed by the R president. Liz knows McConnell will never allow this to happen. It's damage control for her reputation.
Side note. I read a headline on Huff Poo this morning that said REPUBLICANS watered down the workers bailout package. The first line says it's the democrats that watered down their already lousy bill. Not the GOP. The democrats.
But hang on folks relief is on the way. Kambama wants to send us up to $500 or $250 per person. Even the repubs are offering more. Great job, dems.
Say it ain't so.
Was Humpty Dumpty pushed?
Fuck her. She'll pull the football away like she always does,
and we will land on our spine. I won't fall for that bullshit. And, oh yeah, fuck her.
Trillions for the Wealthy!
Not one cent for peasants!
254 million adults in the US. Every trillion is $4000 per adult. How about some "trickle up" economics for a change?
"The greatest shortcoming of the human race is our inability to understand the exponential function." -- Albert Bartlett
"A species that is hurtling toward extinction has no business promoting slow incremental change." -- Caitlin Johnstone
Liz is ultimately for Liz
“When there's no fight over programme, the election becomes a casting exercise. Trump's win is the unstoppable consequence of this situation.” - Jean-Luc Melanchon
All true
but if we can give Trump credit for doing something right, we can do the same for Liz.
Liz Warren: dead to the Left.
Liz Warren: dead to the Left. And I, for one, am not Grateful.
"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar
"All power corrupts absolutely!" -- thanatokephaloides
I see what you did.
We should do a contest to pick the best song as an anthem or something. I wonder what Jerry would suggest.
RIP
"I wonder what Jerry would suggest"
Ripple.
"I’m a human being, first and foremost, and as such I’m for whoever and whatever benefits humanity as a whole.” —Malcolm X
Thanks
That was a nice trip back. Clean chords and lyric, and no harshing my mellow.
RIP
suggest
There, I know not. I suspect that every time Jerry looks down from the Summer Lands at our current state of political oppression, he is Grateful that he is Dead.
Apropos to the said oppression, this is the best Dead tune:
[video:https://youtu.be/7kHnoBnsY40]
"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar
"All power corrupts absolutely!" -- thanatokephaloides
Wait and see - talk is cheap
Liz(ard) is making positive noises at the moment, but when push comes to shove she'll cave like a wet paper towel. It's what she does.
There is no justice. There can be no peace.
Yep
What you said.
Was Humpty Dumpty pushed?
I wouldn't be surprised
but let's see anyway
What pull does she have anyway?
Idolizing a politician is like believing the stripper really likes you.
Motivations
Liz's proposal simply isn't believable.
Here's what's going to happen: democrats will make a lot of noise (a lot) about getting something for average citizens, and then immediately cave at the first sign a stimulus won't pass.
We've seen this before, and we'll see it again.
I don't believe even one person in our government right now is actually interested in representing anything but their wealthiest constituents.
See my essay on what the democrats did
They are just pretending they want to help us.
Was Humpty Dumpty pushed?
Remember that time *Iran* had a banking disaster?
http://dailybail.com/home/bankster-death-penalty-iran-sentences-four-ban...
In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.
Yes Virginia, there is a Global Banking Conspiracy!
A sane response
Meanwhile the crackpots are in charge of the USG -- including the US Public Health Service and its parent that had no contingency plan for a pandemic. (If the "big one" ever hits, we'll be SOL.)
Why are these measures
always described in terms, such that,
but that they're proposing,
Why loans? They always seem to make a distinction between what they may do for the likes of Boeing and what they may do for small businesses. But this week it seems they mean only to create loans for small businesses. Why loans? Why not financial assistance, whatever that's supposed to mean?
Short Answer
They will not do anything real because it will look like socialism. It's like with some people that freakout over the the idea of capitalism. You just can't deal with solving problems you have to deal with everyone's ism's issue.
RIP
Liz lost my trust completely.
She's an exceptionally fraudulent, dishonest human being. She pretty much single-handedly sunk Bernie's campaign and did it deliberately, with malice. Nah, I don't care what Lizzy says she's going to do from here on out.
Lurking in the wings is Hillary, like some terrifying bat hanging by her feet in a cavern below the DNC. A bat with theropod instincts. -- Fred Reed https://tinyurl.com/vgvuhcl
Let's not say "single-handed"
Let's not forget to
It's not very PC in some quarters to blame voters, but them seem to be the facts.
I never was a firm believer in the Virtuous, Well-Informed Voter anyway.
Yes, I know
[video:https://www.youtube.com/watch?v=5awNcS6VhUw]
But there were a few points where Liz could have made the difference.
Lurking in the wings is Hillary, like some terrifying bat hanging by her feet in a cavern below the DNC. A bat with theropod instincts. -- Fred Reed https://tinyurl.com/vgvuhcl