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.

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.

bailout.PNG

bailout1.PNG

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.

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PriceRip's picture

 
          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

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31 users have voted.

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant."
Robert J. McCloskey, U.S. State Department spokesman. From a press briefing during the Vietnam war.

disrael's picture

@PriceRip Really? I'll give kudos for most any progressive action at this point.

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4 users have voted.
PriceRip's picture

@disrael

          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

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14 users have voted.

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant."
Robert J. McCloskey, U.S. State Department spokesman. From a press briefing during the Vietnam war.

thanatokephaloides's picture

@PriceRip

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!!!

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.

Bad

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10 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

Steven D's picture

@PriceRip @PriceRip I don't believe she'll actually filibuster to stop bailouts if they don't include her conditions.

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8 users have voted.

"You can't just leave those who created the problem in charge of the solution."---Tyree Scott

snoopydawg's picture

@Steven D

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.

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7 users have voted.

"I will be the best, the best, you know, you know the thing!”
- Joe Biden

Grope and Hope

and we will land on our spine. I won't fall for that bullshit. And, oh yeah, fuck her.

@PriceRip

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9 users have voted.

I don't want Trump to win, but I do want the establishment Dems to lose due to their cheating and undemocratic practices in the primary. And I will do whatever I can to help that happen.

WoodsDweller's picture

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?

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23 users have voted.

"The greatest shortcoming of the human race is our inability to understand the exponential function." -- Albert Bartlett

Cassiodorus's picture

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14 users have voted.

"Advertising? Wow! So, people need help figuring out what to buy and then y-you help them?" -- Rick J19Zeta7

@Cassiodorus
but if we can give Trump credit for doing something right, we can do the same for Liz.

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7 users have voted.
thanatokephaloides's picture

@Cassiodorus

Liz Warren: dead to the Left. And I, for one, am not Grateful.

Diablo

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3 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

PriceRip's picture

@thanatokephaloides

          We should do a contest to pick the best song as an anthem or something. I wonder what Jerry would suggest.

RIP

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1 user has voted.

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant."
Robert J. McCloskey, U.S. State Department spokesman. From a press briefing during the Vietnam war.

Bisbonian's picture

@PriceRip

Ripple.

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2 users have voted.

"I’m a human being, first and foremost, and as such I’m for whoever and whatever benefits humanity as a whole.” —Malcolm X

PriceRip's picture

@Bisbonian

          That was a nice trip back. Clean chords and lyric, and no harshing my mellow.

RIP

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2 users have voted.

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant."
Robert J. McCloskey, U.S. State Department spokesman. From a press briefing during the Vietnam war.

thanatokephaloides's picture

@PriceRip

I wonder what Jerry would 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.

Wink

Apropos to the said oppression, this is the best Dead tune:

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0 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

TheOtherMaven's picture

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.

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24 users have voted.

There is no justice. There can be no peace.

snoopydawg's picture

@TheOtherMaven

What you said.

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9 users have voted.

"I will be the best, the best, you know, you know the thing!”
- Joe Biden

Grope and Hope

@TheOtherMaven
but let's see anyway

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7 users have voted.

@TheOtherMaven I mean more than me, for sure, but is she in a position to make any of that list happen? Talk is definitely cheap and it’s one thing Warren is good at. I’m with you. Call me when we get to the action phase (I won’t hold my breath.)

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12 users have voted.
Roy Blakeley's picture

@Dr. John Carpenter She can't make any of it happen. I think this means she has given up on being Biden's VP nominee. This is not something Biden's corporate bosses would be happy with. These could honestly be her views or they could be progressive posturing because her popularity in Mass. has been slipping. Progressive cred doesn't have much consequence for her at this point outside of Mass. unless she is thinking of running for President in 2024. 2024 may be interesting because the office will likely be open. If Trump wins it will be open, and if Biden is nominated and wins, his dementia will probably preclude a second term (although dementia didn't stop Reagan).

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8 users have voted.

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.

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20 users have voted.
snoopydawg's picture

@BayAreaLefty

They are just pretending they want to help us.

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12 users have voted.

"I will be the best, the best, you know, you know the thing!”
- Joe Biden

Grope and Hope

The Liberal Moonbat's picture

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6 users have voted.

In the Land of the Blind, the one-eyed man is declared insane when he speaks of colors.

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.)

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22 users have voted.

always described in terms, such that,

... Boeing should get financial assistance from the federal government...

but that they're proposing,

... loans for small businesses...

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?

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13 users have voted.
PriceRip's picture

@Linda Wood

          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

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11 users have voted.

"I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant."
Robert J. McCloskey, U.S. State Department spokesman. From a press briefing during the Vietnam war.

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.

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5 users have voted.

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

Roy Blakeley's picture

@laurel The DNC, msm, Barak Obama, voter suppression, vote tampering, all played a part at the behest of their corporate and oligarchic masters and with the aid of elements of the security state, but Liz certainly did her share and she has earned your contempt.

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6 users have voted.

@Roy Blakeley add voter ignorance. E.g., I've read that a fair number of FL primary voters for Biden thought he was in favor of M4A.

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.

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1 user has voted.

@Roy Blakeley . It was a group effort. Tim Black had fun with it ...

But there were a few points where Liz could have made the difference.

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0 users have voted.

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