Looks like he went into a battle of wits with Kudlow unarmed.
“Sherman said that because dividends come from ‘capital’ it was indeed taxpayer money.”
Doesn’t Mr. Kudlow know that everything belongs to the state and that greed is a crime and that all comrades must stick together?
/s/
IMHO
They are PRESS EVENTS to solicit more Campaign Contributions for the Democrats and capture the 5 sec soundbites the News Media so desperately needs to survive !!
What was once serious discussion over serious matters ...has now become the MEDIA CIRCUS !!
As Americans, we need to REPLACE or KICK OUT every member of the House and Senate that has been on the Public Dole for over 10 years !! These career politicans have to go!!
Maybe then and only then ...will the people's real work get done !!!
Personally I think there are two possibilities.
First is sheer ignorance of their subject. Ignorance is bad, no excuse, but may be OVERCOME with a concerted effort.
SECOND, and MUCH worse, is what I personally fear. That is a FEIGNED IGNORANCE. I heard and then read the words of ignorance spouted by our “honored” politicians. These leftist rantings are accomplishing a long and dearly held purpose of the looney left. Namely to DESTROY the reputation and position of the Captains of Capitalism.
The intended target of the harsh criticism and scornful words are the PEOPLE WHO ARE HAPPILY WATCHING AS THE NEW REGIMES FINALLY PUNISHES THOSE WHO HAVE IT ALL.
CEO’s must now travel, hitchhiking by the side of the road, afraid to enter their evil corporate jets. A good thing. How many are aware of the number of JOBS LOST by the people who build and maintain and fly the things? How many even care?
People who receive a “BONUS” for successful performance are vilified, while money is shoveled to those whose most consistant attribute is abject FAILURE.
I, personally believe that those in the seats of power know EXACTLY what they are saying and EXACTLY what they are doing.
“Women, children, and Mawgs to the lifeboats”
BUT, dividends are paid with available CASH. If the Fed.gov injected CASH into the enterprise, it gave it positive cash flow, and thus enabled it to pay dividends. So, taxpayer money probably WAS used to pay those dividends. The CEO is trying to obfuscate the issue.
That is what I heard last year when they were distributing the money and when our local bank had a lunch for the community to explain what they received. The CEO of Umpqua Bank said the fed money they received was a loan at 5% interest with a balloon for the unpaid balance in 5 years. The interest would increase to 9% if not paid in full in that 5 years.
If this is similar to what other banks received it is a loan and the fed or congress or the taxpayer have no say what they spend it on, until they default.
I refuse to engage in a battle of wits with someone who is evidently unarmed.
After that goes over their head, how about, “Hey Barney, why don’t you stick to something you know about, like running a male prostitution ring?”
It’s not just economics where CongressCritters are deficient, it’s also the Constitution and Bill of Rights.
I would bet that maybe five or six CongressCritters have even read the entire Constitution and Bill of Rights and that none have read The Federalist Papers.
SEND them a copy. Mine go out next week with a cover letter.