Who isa really getting bailed out?

[colfax_m]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

 

[Ray From Cleveland]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

 

[colfax_m]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

Without any protections for the taxpayer?

 

[g5000]

2 trillion. We are spending two trillion.

When you think about it, what stops a company from just pausing for a couple of months.

Employees getting money can be covered through enhanced unemployment. This could include busuiness owners.

Utilities should shrink with inactivity.

Why are not loan & lease payments being looked at?

If all loan/lease/credit payments could be deferred on a monthly basis, would businesses go bankrupt during a 2-3 month shutdown?

As it is, a good portion of this 2 trillion will go to business entities & go back out to lending institutions. So we are bailing out these same people we bailed out 12 years ago.

Trump and the Republicans are really mad the Democrats attached strings to Trump's $2 trillion re-election slush fund.

 

[g5000]

2 trillion. We are spending two trillion.

We are spending way more than that. The Federal Reserve is also printing trillions to buy corporate bond ETFs and prop up the repo market.

 

[Ray From Cleveland]

2 trillion. We are spending two trillion.

When you think about it, what stops a company from just pausing for a couple of months.

Employees getting money can be covered through enhanced unemployment. This could include busuiness owners.

Utilities should shrink with inactivity.

Why are not loan & lease payments being looked at?

If all loan/lease/credit payments could be deferred on a monthly basis, would businesses go bankrupt during a 2-3 month shutdown?

As it is, a good portion of this 2 trillion will go to business entities & go back out to lending institutions. So we are bailing out these same people we bailed out 12 years ago.

Trump and the Republicans are really mad the Democrats attached strings to Trump's $2 trillion re-election slush fund.

No, Republicans were mad at all the non-related pork the Democrats stuffed into the bill.

 

[Ray From Cleveland]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

Without any protections for the taxpayer?

Do you think that government telling them how they could use the money is any protection for the taxpayer? I'm willing to be that government making decisions for a company will do more damage than the company making their own decisions.

 

[g5000]

Our Republican socialists in the White House and Congress are deciding which businesses survive and which ones do not.

Just like they did in 2007-2008.

 

[g5000]

2 trillion. We are spending two trillion.

When you think about it, what stops a company from just pausing for a couple of months.

Employees getting money can be covered through enhanced unemployment. This could include busuiness owners.

Utilities should shrink with inactivity.

Why are not loan & lease payments being looked at?

If all loan/lease/credit payments could be deferred on a monthly basis, would businesses go bankrupt during a 2-3 month shutdown?

As it is, a good portion of this 2 trillion will go to business entities & go back out to lending institutions. So we are bailing out these same people we bailed out 12 years ago.

Trump and the Republicans are really mad the Democrats attached strings to Trump's $2 trillion re-election slush fund.

No, Republicans were mad at all the non-related pork the Democrats stuffed into the bill.

Airline bailout faces a giant hurdle: Limits on exec bonuses and stock buybacks

Democrats slammed the White House’s $50 billion proposal for airlines, calling for stricter limits on executive bonuses, stock buybacks and even carbon emissions.

www.politico.com

 

[colfax_m]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

Without any protections for the taxpayer?

Do you think that government telling them how they could use the money is any protection for the taxpayer? I'm willing to be that government making decisions for a company will do more damage than the company making their own decisions.

Well yes. Thats exactly what a bank would do with a small business loan. You think a bank lets small businesses do whatever they want with loans?

 

[Marion Morrison]

Why are you always wrong?

The Derp of RealDave goes largely unchallenged!

 

[Ray From Cleveland]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

Without any protections for the taxpayer?

Do you think that government telling them how they could use the money is any protection for the taxpayer? I'm willing to be that government making decisions for a company will do more damage than the company making their own decisions.

Well yes. Thats exactly what a bank would do with a small business loan. You think a bank lets small businesses do whatever they want with loans?

Pretty much, yes. The bank doesn't tell them how to run their operations just because they gave them a loan.

Look at the problems with Commie Care. We were promised a family would save $2,500 a year in healthcare costs. Never happened. Part of the problem is that DumBama made a law that all insurance companies must use 85% of their premium collection to pay claims.

Insurance companies can't work like that. If they thought using 85% of their income to pay claims would be the most profitable, they would have done it long ago. But what insurance companies do is use your premium money for investments. The profit off those investments is what helps them pay claims.

So insurance companies lost money on that regulation, and had to charge more for premiums, probably still do today.

 

[colfax_m]

We have to pass the bill to find out what's in it.

2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.

That’s only part of it, based on reporting.

Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.

But yeah, the details are quite opaque.

If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?

Because loans are valuable, especially in a time like this, and picking and choosing who gets a loan is an extremely powerful position which can be used

I also know the small business loans can be forgiven if they meet certain criteria. I don’t know if the same applies to large corporate loans.

If the money is paid back, I don't see why it's necessary for government to tell banks how to spend it. If they want to give their CEO's raises, so be it if that's what they deem necessary to get them through this time of crisis.

If you apply for an auto loan, the bank doesn't tell you which kind of vehicles you are allowed to choose from. As long as you pay the loan back, that's all that matters to them. It should be the same way with government.

Business loans are far more complicated than auto loans. There is nothing unusual about making stipulations when making a loan. It’s to protect the lender, in this case the American people.

When it comes to who decides what's best for a business, I trust business people more than I trust government. After all, isn't the idea of lending businesses money so they can survive this crisis? If so, shouldn't they be the deciders on how best to survive?

Then businesses can decide how to survive without a government loan.

Most can, some can't. For those that really need the loan, let them decide how to use the money.

Without any protections for the taxpayer?

Do you think that government telling them how they could use the money is any protection for the taxpayer? I'm willing to be that government making decisions for a company will do more damage than the company making their own decisions.

Well yes. Thats exactly what a bank would do with a small business loan. You think a bank lets small businesses do whatever they want with loans?

Pretty much, yes. The bank doesn't tell them how to run their operations just because they gave them a loan.

Look at the problems with Commie Care. We were promised a family would save $2,500 a year in healthcare costs. Never happened. Part of the problem is that DumBama made a law that all insurance companies must use 85% of their premium collection to pay claims.

Insurance companies can't work like that. If they thought using 85% of their income to pay claims would be the most profitable, they would have done it long ago. But what insurance companies do is use your premium money for investments. The profit off those investments is what helps them pay claims.

So insurance companies lost money on that regulation, and had to charge more for premiums, probably still do today.

The bank does not allow your business to take out a loan and immediately write yourself a giant check for all your good work. Sorry. Doesn’t happen.

Im not saying they run day to day operations, that’s a straw man, but they have limits.