It is a corporate coup
Listen to what Dayen says about how the corporations can come out way ahead while many small businesses go under.
Unemployment hits 3 million and people are having a difficult time filing a claim. And how long until people even get the bill since every claim has to be verified by employers? The article says that the UE agencies are understaffed because it has been lower in recent years.
Retail stores have been laying off thousands upon thousand of workers the last few years and after they have been loading up their companies with debt, but now they will get a bailout. Companies have been buying their stocks back for two years, but now they have their hands out with hardly any strings attached nor no means testing to see if they even need the money right now. Decades of misdeeds being wiped out with congress coming through for them again. Swell huh?
Workers can seek unemployment benefits from their home state immediately after losing their jobs. But it typically takes two to three weeks before they receive any money, because state agencies first have to contact their former employers to verify their work history and then calculate the amount of their weekly benefits based on their previous wages.
People should expect “that first benefit payments will take much longer than 21 days,” California's Legislative Analyst's Office warned earlier this week.
Small businesses still owe rent on their spaces even thought they have no income. Why didn't congress address this part?
Utah small businesses implore landlords for help
“This is about the survival of small business in Utah and across the nation,” he said. “We’re empty. In the last two weeks, our business is down at least 85% and business is going to be down 100%. The scenario is playing out in hundreds of thousands of small businesses in Utah and nationwide.”
Matt Stoller Zach Carter has been calling this a corporate coup for over a week Here is what he says about this:
Hey the stock market has gone up since companies learned that congress will come through for them. Yay for those who can take advantage of buying the dip while mom, dad and the kids saw their money wiped out. Just like what happened a decade ago.
Yes Bernie stood up for unemployment benefits, but I am disappointed that he did not hold out for more help to workers. Some billions for them while corporations will see upwards of $4 TRILLION and maybe as high as $16 Trillion? For corporations that have been deliberately screwing up.
Kyrstal asks AOC to stop this: Hmm? Trashy dumpster fire bill!
Saagar speaks for me:
It is 2008 all over again. The banks and the companies are going to make out like bandits whilst we the 99% take it in the shorts.
3.3 Million new unemployment claims just this week. What will next week bring? And when things get worse will congress go back and do another bailout for we the people instead of the corporations? They better or they will see another Occupy Wall Street, but this time we will be joined by people from the other side. Will Trump stand in front of our pitchforks? Hell no. He will use the military. They will bring guns to our pitchfork fight.
Listen to these video and see how royally we are being screwed by congress who is do the bidding of their owners donors.
Comments
Here's another one, Jimmy Dore w/ Dylan Ratigan:
Stimulus Bill: “An Abomination Beyond Comprehension” - “Staggering Corruption”.
[video:https://www.youtube.com/watch?v=D-7uro3A3qU width:500 height:300]
We wanted decent healthcare, a living wage and free college.
The Democrats gave us Biden and war instead.
MUST WATCH VIDEO.....THANKS
to sum it up, WS/PE were just given the country, enabled by the 546 in DC.
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
peanuts for the pawns
Trillions for the villains that oppress them. Whata con.
“Until justice rolls down like water and righteousness like a mighty stream.”
How many millions just lost their health insurance?
Did congress address that or even think about how unemployed people will be kicked off insurance and now won't have the money to buy COBRA? There are so many problems people are going to meet that congress did not address. This should have been a "Get the money to the people right now" and address how much money businesses will need after they show that they need it. Case in point. Boeing has its hand out, but will refuse the money if the government takes part ownership of the company. Let's talk about that.
Canada:
Britain is paying 80% of wages. Russia has sent people on a week long holiday that will probably be extended as needed.
Here? Give the bulk of the bailout to the corporations and let people sink or swim on their own AGAIN.
[video:https://www.youtube.com/watch?v=DpgjVQTakBk&list=TLPQMjUwMzIwMjBaXvN47d-...
Remember this? 100% correct
and yes it was empty suit who gave us the R
healthcareinsurance[video:https://www.youtube.com/watch?v=bSRo51SbQQs]
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
Looks like
a coup, smells like a coup, must be a coup. Everything is in place and the exhortation to die quickly doesn't just come from one party. Is It a slow wind down or a fast collapse. Anyone else have a cough, runny nose, fever, extreme fatigue, trouble with your internet?
Actually the internet has been quite touch and go
error messages here and there, slow, slow, slow also
I never knew that the term "Never Again" only pertained to
those born Jewish
"Antisemite used to be someone who didn't like Jews
now it's someone who Jews don't like"
Heard from Margaret Kimberley
From today's Democracy Now! show with Bernie Sanders
I don't call putting a 'hold' on the Bill until better unemployment benefits could be had, 'folding'. The Bill was, with the help of Dims gonna pass anyway "The Amendment King" did what he could to make it better, and he did rail against the corporate "welfare".
SEN. BERNIE SANDERS: This package provides ,an increase of over the largest expansion of unemployment benefits in American history$250 billion. Under this bill, average Americans who have been furloughed will be able to receive up to 100% of their salary and their health insurance for four months, for four months. Weekly unemployment benefits will increase by $600. So, if you were laid off, your unemployment benefit will increase by $600 above what it otherwise would have been. And right now the average benefit is about $364 for workers.
Now, also, very importantly, this expansion of unemployment will include part-time workers. It will include gig workers, like those who drive Uber cars. It will include tip workers and the self-employed, who would otherwise not be covered by unemployment insurance. So, in other words, what we’re doing now is, at a time when fewer than half of the American people would normally be covered by unemployment, what this legislation does is it expands it to the overall workforce and, on top of that, for many workers, would provide $600 a week more than they otherwise would have gotten. And that is one of the more important provisions in the bill..."
(emphasis mine)
https://www.democracynow.org/2020/3/26/coronavirus_relief_bill_bernie_sa...
Boeing
[video:https://www.youtube.com/watch?v=T_EOyVRJ3Gw]
Means testing for companies NOW.
I'm seeing comments that we should have expected
"small business" is being defined as company income under $8 million in the last year. That's a lot of money! And those who really need help, the 1 or 2 person businesses, are being rejected as "too small".
Self employed are covered according to Bernie Sanders
on Democracy Now, so that should cover the smallest of operations, if I understand it correctly. This from the transcript, a link to it follows.
"Now, also, very importantly, this expansion of unemployment will include part-time workers. It will include gig workers, like those who drive Uber cars. It will include tip workers and the self-employed, who would otherwise not be covered by unemployment insurance. "
https://www.democracynow.org/2020/3/26/coronavirus_relief_bill_bernie_sa...
Um about this
Saager just said that congress is going out for 3 1/2 half weeks. Oh hell no. There is no way they should be on break when the country is imploding and people are in a world of hurt. Sure would be nice to have those millions that they have made from their $174,000 a year salary to be able to wait this out huh?
I think the people should line the roads from the DC airports with signs of guillotines and pitchforks and other instruments the peasants once used on the elite.
You quoted me, snoopy.
I do believe that the shit will hit the fan and they will have to come back and do something for the people unless the people roll over and accept this. It is up to us if we have any courage at all. The only reason the government has authority is because we give it to them. It’s time to take it away.
"The “jumpers” reminded us that one day we will all face only one choice and that is how we will die, not how we will live." Chris Hedges on 9/11
How are the right-wing Dems you monitor
...reacting to the shit sandwich that government gave them?
It's regrettable in two major ways:
1. More than 50 percent of Americans live paycheck to paycheck. Wall Street is pushing the news that mortgage delinquencies are at an all time low. Right. Wait two weeks. As of today:
April is a week away. Tick Tock.
2. UBI would have resulted in enough consumer spending to kick the GDP up a point or two and rescue the MainStreet economy. Now, there could be a bloodbath in commercial real estate as Main Street businesses go under. Home values are already dropping.
On another note: Maybe this is the experience that USians needed to bring them out of their political stupor.
Right wing democrats are reacting just like you'd expect
First off no thanks to Bernie for saving unemployment benefits. Instead they are calling for him to drop out and let Biden win. Secondly Biden does not have any mental issues. No he is just stuttering. You know like he has his whole life? Guess none of them saw the CNN interview he did a few days ago.
I do hope you are right about this waking people up from their stupor. Many of them were involved in OWS and this bailout is that on steroids. But many of them are so blinded by their hatred of Trump that they can't see reality. Pelosi saved the deal not Bernie don't you know. McConnell should never have let the senate go home for the weekend, but no word on how Nancy let the house go home for a week.
Jimmy nails it
[video:https://www.youtube.com/watch?v=-t8MO1IBSqA&feature=emb_logo&app=desktop]
Mnuchin: Surge in Unemployment 'Not Relevant'
'Foreclosure King' Steve Mnuchin Says Never-Before-Seen Surge in Unemployment 'Not Relevant'
This asshole should be in prison for what his company OneWest did during the foreclosure crisis, except Kamala Harris didn't think she should prosecute him. He foreclosed on one elderly woman who owed him less than $1.00.
Are any of the main stream stenographers talking about this like Rising and Jimmy are?
[video:https://www.youtube.com/watch?v=VXPjNLIJ3W4]
I doubt it. But it is good that there are some who will write and talk about this so people know just how badly they are being screwed. Yes many will not know this unless they are told. They will watch MSDNC And the CLinton News Network and think things are going swimmingly well for them.
Give me a break
House Democrats Urged to Remove 'Insidious Attack' on Social Security Hidden Within Senate Coronavirus Bill
A 900 page bailout bill? Yeah you know it is loaded with lots of pork that is not being reported on. Was Bernie aware that this POS was in the bill before he voted for it? Who exactly stuck that in there? Schumer? DiFi or maybe Joe Manchin?
Ugh I am working hard to stay calm while learning of the shit that is in this and the stuff that is not in it for we the lowly people, but it is getting hard. I am off for my walk to smell spring and watch the snow we got last night melt. One thing I can count on is watching Charlie run will lift my spirits.
Common Dreams has a lot of great articles if you're interested.
I have seen a couple of the videos you posted,
and intend to watch them all tonight.
The bank bailout should have never been coupled with the pandemic stimulus package. That made it way too easy to threaten poor people. Everyone caved so as not to be that one D senator who would forever be labelled as uncaring about his working class constituency.
Thanks so much for putting this together.
"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981
Dave Dayan and Dylan Ratigan videos
I watched both of these videos yesterday and highly recommend them to anyone who has not yet seen them.
What we have just seen as of today is the last step in the corporate coup of the United States. Every member of Congress who voted for this bill has sentenced small businesses to forever close or be bought out by large corporations and the American people to become further impoverished.
This is the most devastating thing that Congress could to the future of the American people. Folks, it is over.
Thank you so very much for posting this essay, snoopy.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
Another great video
Jimmy Dore with Matt Stoller. Matt Stoller took the gloves off with this interview.
[video:https://www.youtube.com/watch?v=IsPjPmDzN8w]
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy