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Orange Blooded [4365]
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Robert Reich is a very experienced economist
Mar 23, 2020, 5:09 PM
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He made a good point this morning. The interest rate is almost at zero. These big corporations could easily borrow the money they need to crawl out of this hole at almost 0% interest. That would free up lots of money to help the working person, small businesses, medical care provider, and state governments.
The big corporations (with huge profit margins from last year) are looking for something for nothing. Please tell me that we have learned the lessons from the Wall Street Bailout !!
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All-In [47795]
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Robert Reich is a very short socialist***
Mar 23, 2020, 5:16 PM
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All-In [47701]
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Short people got, no reason, short people got, no reason to
Mar 23, 2020, 5:24 PM
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live...
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Orange Blooded [4365]
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All-In [47795]
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of course I can. I doubt you can***
Mar 23, 2020, 5:42 PM
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Scout Team [170]
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Well, let’s hear how he’s socialist. Be specific.***
Mar 23, 2020, 6:48 PM
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Orange Blooded [3921]
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Re: Well, let’s hear how he’s socialist. Be specific.***
Mar 23, 2020, 7:48 PM
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She’s got nothing.
Trump talking points ended with namecalling
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Hall of Famer [20518]
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Re: Robert Reich is a very short socialist***
Mar 23, 2020, 7:08 PM
[ in reply to Robert Reich is a very short socialist*** ] |
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Yeah, but in this case everybody's switching roles.
Reich is suggesting that big business solve its own problems, economically.
The government is trying to give them gobs of free money.
Apparently it is opposite week.
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CU Medallion [73569]
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lmao.***
Mar 23, 2020, 5:24 PM
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Rock Defender [53]
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Re: Robert Reich is a very experienced economist
Mar 23, 2020, 5:25 PM
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Orange Blooded [4365]
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Re: Robert Reich is a very experienced economist
Mar 23, 2020, 5:39 PM
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No, I am OK with corporations getting some help. None of this was their fault (unlike 2007).
But there has to be some controls. Helping out corporations so that they can get back to production - and employing and paying their employees like they were before the virus - that is all that the Dems are asking for - some control of how the billions are used.
I would point out that the corporations have way more options than the worker who has been out of work for two to four weeks.
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All-In [47795]
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I don't trust anyone who thinks profits are evil***
Mar 23, 2020, 5:41 PM
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Rock Defender [53]
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CU Guru [1596]
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I think you miss the fact that you actually
Mar 23, 2020, 5:45 PM
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have to have a lender. Lenders aren’t exactly looking to increase there credit risk right now, especially if you are getting a good spread, see zero interest rates. I’m against corporate bailouts but we can just say borrow it somewhere.
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CU Guru [1596]
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I think you miss the fact that you actually
Mar 23, 2020, 5:45 PM
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have to have a lender. Lenders aren’t exactly looking to increase there credit risk right now, especially if you are getting a good spread, see zero interest rates. I’m against corporate bailouts but we can just say borrow it somewhere.
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All-In [48078]
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Re: Robert Reich is a very experienced economist
Mar 23, 2020, 5:48 PM
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He is right. I support him in that. I don't need the help personally, but I think its all about the average folk in this country. The waiter. The valet guy. The golf caddie....etc etc. Does Apple need a bailout? I bet even most of their corporate employees are getting paid working from home.
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Rock Defender [53]
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I think it's a combination
Mar 23, 2020, 6:00 PM
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Hall of Famer [22935]
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Employees are getting paid for now
Mar 23, 2020, 8:05 PM
[ in reply to Re: Robert Reich is a very experienced economist ] |
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What happens when the corporate employees start losing jobs? If this keeps up for 2 months, there will be a whole lot of pain to spread around.
It's 'easy' to quarantine when the checks keep coming in.
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