economy, sad update

[leov]

i think he is right.

 

[Regiomontanus]

Say hello to capitalism in the 21st century. When will humanity learn....

Though he is wrong, this (obscene) bailout of the corporations is not socialism lol.

 

[Revoltingest]

Say hello to capitalism in the 21st century. When will humanity learn....

Though he is wrong, this (obscene) bailout of the corporations is not socialism lol.

Bear in mind that corporations employ many people.
Would you have them lose their jobs? What of the
tax revenue lost on local, state, & federal levels?
Moreover, if companies fail, others cannot immediately
pick up the slack, resulting in long term economic loss.
There's something to be said for the fed acting as an
insurer.

Our problem is that bail-outs are politically driven, so
choosing who gets the largesse & with what conditions
attached isn't always wisely done.

 

[Regiomontanus]

Bear in mind that corporations employ many people.
Would you have them lose their jobs? What of the
tax revenue lost on local, state, & federal levels?
Moreover, if companies fail, others cannot immediately
pick up the slack, resulting in long term economic loss.
There's something to be said for the fed acting as an
insurer.

Our problem is that bail-outs are politically driven, so
choosing who gets the largesse & with what conditions
attached isn't always wisely done.

Well many of those corporations spent the billions in tax breaks pushed by Trump on buying back their stock which has not helped your average workers (despite Trump's promise of just that).

The dude in this video made a great point. The corporations are getting bailed out but student loan payments are just being put off for a couple of months. Do you think that is fair? Why not wipe out Mary and Bob's credit card debt? **** Google and Boeing.

This would be a good time to strangle the beast while it is down - implement a real socialist revolution (Christ as our guide as in all things). But no, I know that will not happen, unfortunately. Just 'sayin.

 

[Revoltingest]

Well many of those corporations spent the billions in tax breaks pushed by Trump on buying back their stock which has not helped your average workers (despite Trump's promise of just that).

Could you explain how stock buy-backs harm workers & are "tax breaks"?

The dude in this video made a great point. The corporations are getting bailed out but student loan payments are just being put off for a couple of months. Do you think that is fair? Why not wipe out Mary and Bob's credit card debt? **** Google and Boeing.

What is the schedule for the bail-outs of each group?
Which corporations or industries?

This would be a good time to strangle the beast while it is down - implement a real socialist revolution (Christ as our guide as in all things). But no, I know that will not happen, unfortunately. Just 'sayin.

If you dislike bail-outs of companies, socialism is bailing out on steroids.
Besides, there really isn't a connection, so long as bail-outs don't result
in government taking control of the companies.

Btw, I didn't watch the video.