Eventually someone is going to have to pay...but who will it be?
I have seen this movie before and I did not like the ending. Mnuchin is in charge of where the bailout money goes to during this economic heist and of course democrats can't nail him down on how he is going to distribute the money. Oh Warren tried to get answers from him, but he just kept slipping out of her grasp and wouldn't say. Not that there are any teeth in the legislation to make sure that people are treated fairly.
And if you remember from the last economic heist that saw millions of people tossed out of their homes while people like Mnuchin and hedge funds like BlackRock made out like bandits. BlackRock bought 5 million homes and then kept them off the market which drove up home prices and rents across the country. Mnuchin was illegally foreclosing on peoples homes and even though Kamala Harris' attorney general office had a great case against him she instead let him off the hook for it. Well after he made a $5,000 donation to her campaign. Pretty cheap buyout if you ask me.
In the last CARES bill Nancy bailed out PayDay loans businesses and debt collectors. So I think that gives us an idea of who is going to end up on the hook for this.
The GOP are very bad....
(2/2) McConnell and Trump are refusing to meet this moment with a serious economic recovery plan and McConnell is doing nothing COVID-related in the Senate this week.
UNBELIEVABLE!!!
— Martin Heinrich (@MartinHeinrich) May 12, 2020
Hmmm who was it that rolled back Glass-Steagal that was put in place after the Great Depression and who was it that wrote most of the bill? Which party were they from.....? Hey, Chuck what did you and Obama do for homeowners when you had the chance to help them?
Pres. Hoover was reluctant to use national resources at the outset of the Great Depression.
And Republicans from Pres. Trump to Sen. McConnell are starting to look more like Pres. Hoover.
The pain Americans are experiencing requires IMMEDIATE action from the federal government.
— Chuck Schumer (@SenSchumer) May 17, 2020
Now imagine if congress had bailed out we the people instead so that people could continue paying their mortgages and rents as well as other bills. Right now in places where there is a rent moratorium landlords cannot evict people for being late on their rents. So instead they are cutting off their utilities as well as doing other nefarious things. Who you gonna call?
Comments
Maybe we'll get another stimulus bill,
one that helps the people.
Oh wait, GOP Wants Cuts to Social Security and Medicare in Next COVID Stimulus Package
We wanted decent healthcare, a living wage and free college.
The Democrats gave us Biden and war instead.
I'm surprised the last one didn't have strings
If there's another one, maybe we'll have to sign a pledge that we won't take part in BDS like Texans applying for post Harvey aid were forced to do -- if they wanted the aid. Maybe it'll be for all demonstrations and protests. You want your own tax money for your own help? Sign here and agree to stfu about the govt and the govts on this list, then watch what you say, buy and do, because we will be. Mwahahahaaaa!
Really? I hope that you're not serious.
I'm sure that topic is covered somewhere in the Book of Revelations, but perhaps Yeats is a sufficient approximation:
be well and have a good one
That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --
It's completely absurd!
From WallStreetOnParade:
We have got to use infiltration, communication and coordination, to shut down the power to Wall Street trading houses and disrupt their ability to make money!
We need to cultivate "insiders" who will feed us inside information to bring this criminal cartel DOWN!
Gee, FED chairman Powell is urgng congress to bail out "the people", but NO ONE is offering anything like that...
[video:https://youtu.be/doNxe8M-xWo]
C99, my refuge from an insane world. #ForceTheVote
Fat chance
The Wall Street Trading Houses OWN the US government, root and branch. This primary season with Bernie Sanders turning his coat has convinced me. I thought there were still some holdouts but Bernie's full throated support of Biden has convinced me that NO politician is honest.
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
Thanks
for that video.
I am a huge fan of both JD and Dylan.
Great stuff.
"We'll know our disinformation program is complete when everything the American public believes is false." ---- William Casey, CIA Director, 1981
This is beyond dystopian
Congress has thrown literally trillions of dollars at big corporations and the oligarchs while continuing to allow real living human beings to basically scrape by with a few crumbs. No other industrialized country has approached the crisis in such a callous manner as the United States Congress and the Trump administration.
Rep. Pramila Jayapal has been trying to get a UBI and a health care provision into these bills, but Pelosi has refused to include those provisions. The idea of the Jayapal bill was to make individuals and small businesses as whole as possible during the crisis so when we are finally able to re-open, the transition back will be as smooth as possible without the loss of these small businesses that operate on the margins and rely on consumer spending. Such a program would end up costing far less than theprovisions in the bills that Congress has already passed.
I have been trying to figure out why Congress and the Trump administration do not want to use this approach which has been very successful in many European countries, notably Germany and Denmark. I have come up with two possibilities which may be either/or or are together. I would love to hear if anyone here has other ideas.
The first possibility is one that I explored in a recent essay here. That is that this pandemic has allowed the oligarchy to finish the economic gutting of the United States and leave it in a true third world state. The second possibility is the Congress is terrified that if the citizens of the United States get both health care and a UBI, even on a temporary basis, they will demand it on a permanent basis.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
I would think it's more the second possibility.
And why shouldn't they demand it on a permanent basis? At least the health care? About the UBI I am not sure, I don't understand the concept. If the SS would be higher and never cut or spent on other things than securing elderlies when they retire, a UBI might not be needed.
I think one should push up from the bottom and push down at the top. Is it impossible to have an upper wealth limit for bilionaires? Or having a limit how much property and land those billionaires are allowed to buy? Instead to think of limits of how low and deep someone can fall, why not think about limits on how high and financially powerful someone can rise?. Mr. Besoz can't afford to pay his employees 2 dollars more per hour during the covid pandemic? He must really know something of poverty, that 'poor man'.
From the essay:
Ban BlackRock people, place them to live in tents under highway bridges and don't let them out of there for several years.
https://www.euronews.com/live
Both n/t
I've seen lots of changes. What doesn't change is people. Same old hairless apes.
There's also Not Invented Here Syndrome
which has been on full frontal display throughout this crisis. Europe has tests? We can't use them, we need OUR OWN tests. Europe does this, Europe does that, we won't BECAUSE they did.
Terminal stupidity.
There is no justice. There can be no peace.
On Social Security
Several officials high in the Trump Administration are pushing for tax holiday on the FICA tax in lieu of providing stimulus checks or a temporary UBI. What they are doing is shutting off the flow of money into the Social Security Trust Fund under the guise that they are giving workers more money in their pockets.
The problem here is two fold. First, the tax holiday will only benefit those who still have a job, not those who have been laid off or lost their jobs altogether. The estimated unemployment rate in the US is currently somewhere between 15-20% These number, if anything, may be low. The unemployment rate during the Great Depression peaked at 24% so we are near great depression rates. The St. Louis Fed has predicted that unemployment could reach as high as 32%! None of those who are unemployed will benefit from a FICA tax holiday.
The second issue is that any time the government declares a tax holiday on FICA, that means even less money will be flowing into the Social Security Trust Fund, thus weakening it even more and providing the excuse to cut benefit or even privatize it. Watch for the Trump administration move in that direction, especially after he is re-elected.
The entire social safety and and the corresponding social fabric of this country is being ripped apart by the actions of Congress and the Trump administration.
Do I hear the sound of guillotines being constructed?
“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy
5 democrats have signed on to the bill
Of course there is Joe Manchin and Doug Jones. You know two people who are very important because they give democrats the majority....if you can understand why that makes them special let me know.
I just read a tweet saying that 800,000 people will become homeless next month. Here we go on our way of passing the 9 million number from the Great Recession.
Is it time to find our inner V?
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.
~Hannah Arendt
rent...it all goes back to the banks
renters don't have the money. If they don't pay rent then the landlords can't pay their mortgages which are held by the banks. Landlords can have renters defer but banks won't defer for the landlords....so landlords have to insist the rent be paid.
Logically if there's no money then all payments like that should be put on hold, then resume as things open up and money flows again. But banks want to be fed.
How about this lie from Schumer?
Hey, Chuckles, where the hell have you been during the last few months? Didn’t you vote for the first CARES bill that you, McConnell, Pelosi and Mnuchin worked on behind the scenes that gave trillions to the elites? How is it that the people who read his tweet don’t know that the bills coming out of congress are bipartisan? Are they just watching mainstream media and not bothering to search for news themselves? Or how they don’t know how many bad bills passed in the last 4 decades that hurt the working class were written by both parties and many by ByeDone? Guess this is what happens when the media doesn’t vet anyone but Bernie.
Has watched Bernie blackout yet? I’ve watched the first 3rd and I had to quit because of how bad the media treated him. Nina Turner was on rising discussing it today.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.
~Hannah Arendt