General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOrder of who should get Fed stimulus money:
1. Healthcare providers, supplies, and facilities.
2. Individuals and Families
3. State governments
4. Small businesses (mostly through 0% loans)
5. Necessary industries like airlines, autos (again, mostly through 0% loans)
Any stimulus money used for stock buy backs or bonuses means the CEO and executives go to jail.
Ohioboy
(3,249 posts)Who exactly is against this?
Volaris
(10,278 posts)iluvtennis
(19,908 posts)Mr.Bill
(24,368 posts)they just prioritize them in the reverse order.
iluvtennis
(19,908 posts)DENVERPOPS
(8,893 posts)Republican Politicians that GAVE THEM THE BAIL OUT MONEY????????
Don't treat the symptom, treat the cause.........
Volaris
(10,278 posts)quakerboy
(13,923 posts)And anyone who's donations from those who dont benefit by this priority order are high enough.
Newest Reality
(12,712 posts)We have a voice in this? Somebody would represent us all in those choices even if we demanded them just as you proposed?
What, do you think this is a Constitutional Democracy or something?
Flip that upside down and consider the first two rather expendable. Right now, number five is looking like what is most important to the GO-Pee. We have Captains of Industry to protect and protect them we will. The worthy are worth their worth and get what we paid the taxes for.
I do think the current approach may kindle a lot of ire among us useless eaters, rif-raff and unwashed masses, etc. Protests and grumbling will increase as the inconveniences and stress of this begin to mount. When the initial shock starts to pass the water will start to boil over due to the heat.
getagrip_already
(14,970 posts)NO Money to any company whose principals either work for or are connected by close family to the government.
DENVERPOPS
(8,893 posts)that I can think of........The secretary of something that Trump appointed after 20 years as a Boeing executive, and the Senator Kelly whatever who, on insider info cleared tens of millions out of her and her husbands stock market holdings, before any one in the public was told of the impending pandemic......AND her husband in chairman of the NYSE......go figure....
getagrip_already
(14,970 posts)Th
DENVERPOPS
(8,893 posts)doesn't last for one NY second if it weren't for all of the other Republicans surrounding him. Trump is a psychopathic Narcissist, who is nothing but a front man for the Republican's Manifesto. The Republicans keep him around to purely distract the media, each and every hour of every day, while in the shadows they steamroll the middle class and Democrats in order to establish the........ Corporate Fascist Tyranny that they have been working towards for over forty years.
THEY VIRUS HAS GIVEN THE AMERICAN CITIZENS A PERFECT VIEW OF THEIR INADEQUACY AND INCOMPETENCE. AND THEIR EXECUTION OF THEIR OVERALL PLAN BY THEIR ACTIONS/INACTIONS....
HEY PEOPLE, WAKE THE FUCK UP............
Igel
(35,390 posts)No fuss, no arguing, no pain, no grandstanding.
It's not a gift, it's a loan.
You pay it back at 5% interest per year, pay back is before dividends.
Given the severity of the situation, maybe make the first year interest free, but have a supermajority vote to make it "one size fits all" to avoid party favoritism later. The "I like this industry, so we'll extend it's interest-free loan for forever" kinds of crap.
It was paid back. Quickly.
It was right after an election, so while there was moralizing and preaching, it was low key and not grand-standing.
Healthcare providers have a separate bill. You can pay individuals all you want, if their employers are bankrupt, they're screwed. You don't to draw down capital--you can look at lots of countries that did that, all priding themselves on their social justice. The gini coefficient was truly lowered, in that almost everybody was living in poverty. Not the fake poverty claimed for much of the middle class, or the quasi-poverty of much of the American bottom 30%. But poverty where a big chunk of the population not only was worried they wouldn't have enough to eat a few days out of the year, but didn't have enough to eat a few days of out most weeks.
0% loans make the money free. Have a grace period, but do not make it free beyond that. And require a serious number of votes to extend the grace period, and it's extended for all, not just some. "Do you need $1 million, is that enough?" (Thinks it's enough, but $2 million is better--and free.) "No, I need at least $3 million.
People heard Reich's (or whoever's) comment that airlines used 96% of their free cash flow to buy back stocks, and like the idiot host on an NPR show heard (the host said) "profit." Because dictionaries are a Boomer thing, I guess, whoever much they may reduce the level of misinformation and falsehoods. Free cash flow isn't profit, but the lack of intelligence and intellectual curiosity didn't lead them to ask, and their lack of intellectual humility didn't cause them to think they might be wrong in their leap of ignorance.
is trying to pull off a robbery of the Treasury in broad daylight. Shameful but not surprising.
roamer65
(36,748 posts)Make them issue bonds that will be bought by the Federal Reserve.
Bluethroughu
(5,206 posts)We tried trickle down last time 12 years ago, and we got more trickle up, out of the pockets of middle and poor incomes.
Give the people their money, they've spent the last 40 years building the backbone of this country while sacrificing retirements, benefits, wages and quality of life for CEOs and corporations to run away with pay while performing poorly.
"We want our money, and we need it now", says the 99.9%
Yavin4
(35,455 posts)Esp. when the relief money went to the banks instead of individuals.
Bluethroughu
(5,206 posts)Well history tells us that didn't end well for him. He might want to rethink emulating him, and move over to the other side and learn something from Roosevelt.
DENVERPOPS
(8,893 posts)he turns into Mussolini....LOL.......my father had a treasured snapshot he took of Mussolini and his Mistress hanging upside down by their feet.......
Midnight Writer
(21,853 posts)Bernardo de La Paz
(49,073 posts)Yavin4
(35,455 posts)Bernardo de La Paz
(49,073 posts)JCMach1
(27,590 posts)Should issue that amount of stock at today's price and turn it over to the Fed to take part in the loan program. Essentially a cash for stock swap.
Locrian
(4,522 posts)mysteryowl
(7,443 posts)For the GOP to be against this priority list, spells
C-O-R-R-U-P-T-I-O-N
&
A-M-O-R-A-L.
Amishman
(5,559 posts)Loans just mean they implode slightly later. Small businesses don't have the capital to ride out the post quarantine recession AND debt payments from the loans to survive the shutdown
Yavin4
(35,455 posts)they should be able to rebound more quickly as consumers start spending.
Amishman
(5,559 posts)And anyone who believes there won't be a hard recession after this is a orange faced idiot
paleotn
(18,014 posts)with long payback periods to interest loans with specific previsions on how the money can and cannot be used. All based on financial data over the last 12 to 24 months.
- If you're a small business with limited capital, you get a grant. Nothing to pay back.
- If you're a medium sized business with some capital reserves and a reasonable expectation of future growth, you get a zero interest loan. Term of the loan slides on the same scale.
- If you're a major corporation, with billions upon billions in cash stashed offshore, sure...we'll loan you money to tied you over, but at interest, and with iron clad provisions....no layoffs and Uncle Sam is last money in and the first money out. Dividends and other creditors will have to wait.
Amishman
(5,559 posts)And needed. Lots of restaurants, clubs, and other entertainment options will go under otherwise.
Pillow talk
(265 posts)a tiny % of Americans and flag their ships outside the mainland to avoid taxes
Yavin4
(35,455 posts)People will avoid being locked into a densely populated, isolated vessel going forward.
You'll probably have more select, luxury cruise lines with fewer people.
Pillow talk
(265 posts)its like brave new world. Tourism has its eternal niche among the less than rich.
warmfeet
(3,321 posts)softydog88
(126 posts)I agree right down the line.