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airdvr

Twats in DC - no deal tonight

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(edited)
3 hours ago, RobertMBlevins said:

Any money used from the tax coffers to subsidize corporations SHOULD have some strings attached. Hand them a blank check without some sensible restrictions...

No disagreement. I asked my other half (veterinarian/SB Owner) - How come the big corporations get a bailout, but you get an SBA loan? We did that before - it took two years to close the note (On a physical asset with enough collateral to cover the note).

IMO All the bailouts should maintain regard for being stewards of taxpayer dollars and all government "bailouts" incurred should be in the form of debt against assets.  IOW - Seizure; no bankruptcy for you. You're not going to hit the taxpayer's twice.  

Edited by BIGUN
Cause I need a second cup of coffee

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13 minutes ago, BIGUN said:

No disagreement. I asked my other half (veterinarian/SB Owner) - How come the big corporations get a bailout, but you get an SBA loan? We did that before - it took two years to close the note (On a physical asset with enough collateral to cover the note).

IMO All the bailouts should maintain regard for being stewards of taxpayer dollars and all government "bailouts" incurred should be in the form of debt against assets.  IOW - Seizure; no bankruptcy for you. You're not going to hit the taxpayer's twice.  

Remember how the AIG execs gave themselves huge bonuses following the 2008-9 bailout?

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2 hours ago, kallend said:

Remember how the AIG execs gave themselves huge bonuses following the 2008-9 bailout?

I do.  And I remember how vigorously your hero prosecuted those responsible for the meltdown.  Wait,,,that was just a pipe dream.

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3 minutes ago, airdvr said:

I do.  And I remember how vigorously your hero prosecuted those responsible for the meltdown.  Wait,,,that was just a pipe dream.

No, it wasn't.  The House of Representatives (you know, full of all those people you hate) passed a bill that taxed them 90% on those bonuses.  The Senate added massive taxes on top of that. 

One poor Citi employee lambasted the democrats, saying "... by mid-October, I will hit $250,000 in total income -- and have no incentive to earn any more income in 2009" - and he would therefore refuse to work any more that year.  Poor Citi employee.

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1 minute ago, airdvr said:

35 people?  Wow!!  Millions were affected.  There should have been at least 1,000 not including the folks at Moody's.

So justice has nothing to do with who committed crimes, but how many people were affected?  You choose a number that's popular, and keep throwing people in jail for whatever until you reach that number?

Justice, GOP style.

 

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7 hours ago, kallend said:

Funny how the Republicans who don't want the government picking winners and losers, suddenly want to give the administration almost unlimited power to pick winners and losers. 

Ya know John...this post was free from right and left politics and in the space of three posts you manage to insert party lines.  I think you need a period of political distancing until this is over.

My point was DC sucks.  I'm sick of all of them.

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1 minute ago, billvon said:

So justice has nothing to do with who committed crimes, but how many people were affected?  You choose a number that's popular, and keep throwing people in jail for whatever until you reach that number?

Justice, GOP style.

 

So you really think that only 35 people were culpable?  Let me guess...all Republicans.

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1 minute ago, airdvr said:

My point was DC sucks.  I'm sick of all of them.

Democrats do something bad - "Too bad Dems hate people/freedom/success/morality!  Really shows their colors.  Why would ANYONE defend or support these cretins?"

Republicans do something bad - "it's not the GOP, it's DC.  They all do it.  I'm sick of all of them."

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1 minute ago, airdvr said:

So you really think that only 35 people were culpable?  Let me guess...all Republicans.

I think the number of people who actually committed crimes were probably close to 100.  (Actual crimes, not "made rich Republicans get the sads.")  Of those, 35 ended up with jail sentences.  The rest got off on technicalities, or demonstrated mitigating circumstances, or turned evidence on a larger criminal in return for a reduced sentence, or were found guilty and fined.  

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2 minutes ago, billvon said:

Democrats do something bad - "Too bad Dems hate people/freedom/success/morality!  Really shows their colors.  Why would ANYONE defend or support these cretins?"

Republicans do something bad - "it's not the GOP, it's DC.  They all do it.  I'm sick of all of them."

Thanks for the Bias.

For a LOT of posters here, Its more like this:

(The other side) do something bad - "Too bad (the other side) hate people/freedom/success/morality!  Really shows their colors.  Why would ANYONE defend or support these cretins?"

(The other side) do something bad - "it's not the (Our Side), it's DC.  They all do it.  I'm sick of all of them."

 

 

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2 hours ago, turtlespeed said:

Thanks for the Bias.

For a LOT of posters here, Its more like this:

(The other side) do something bad - "Too bad (the other side) hate people/freedom/success/morality!  Really shows their colors.  Why would ANYONE defend or support these cretins?"

(The other side) do something bad - "it's not the (Our Side), it's DC.  They all do it.  I'm sick of all of them."

 

 

You have just described yourself, to a tee. You're blind to your own bias.

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(edited)
4 hours ago, airdvr said:

I do.  And I remember how vigorously your hero prosecuted those responsible for the meltdown.  Wait,,,that was just a pipe dream.

3 hours ago, airdvr said:

Ya know John...this post was free from right and left politics and in the space of three posts you manage to insert party lines.  I think you need a period of political distancing until this is over.

My point was DC sucks.  I'm sick of all of them.

Its OK John trump Is Developing a Case of Coronavirus Amnesia Its easy for republicans to forget what they posted an hour earlier.

 

Edited by Phil1111

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(edited)

Boeing spent the last 10 years using around 75% of its free cash flow to buy back stock. Amounts to $47 billion or so. A large part of that was the tax break handed to them by the current administration.

Now within a week of a downturn they need a $50 billion handout to keep going? That is just gross mismanagement for the sole purpose of enriching the executives. Boeing needs to fail because it has been poorly managed.

The same goes for the majority of US airlines. What you are seeing is that free markets alone simply don't work. Where have all those Republicans and Libertarians gone with the: "the market will sort it out" commentary? What happened to: companies and people without money just need to do better?

Healthcare for your society is too expensive, but not voting in favour of giving this current administration a $500 billion slush fund with effectively zero oversight is somehow "playing politics". Unbelievable.

Edited by SkyDekker

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26 minutes ago, SkyDekker said:

The same goes for the majority of US airlines. What you are seeing is that free markets alone simply don't work. Where have all those Republicans and Libertarians gone with the: "the market will sort it out" commentary? What happened to: companies and people without money just need to do better?

"Let the market decide!  Unless the market is being hard on our biggest campaign donors.  Then letting the market decide is socialism."

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