A couple of things different about this potential bailout versus the bailout in 2008/2009.
Back then the Bankers basically screwed themselves by ignoring commonsense in loaning any amount of money to anyone, reaping the huge profits and bonuses and then begging for a bailout which was delivered.
This time millions of small businesses are out of business thru no fault of their own, simply an a Governor or Mayor ordering businesses to close.
Just yesterday in Florida, the Governor ordered all restaurants to close except for carry out, previously all bars and nightclubs were closed without exception, simply put out of business...
Immediately these businesses laid off the vast majority of their employees.....
If the Government if going to bankrupt businesses by forcing them to close and leave millions unemployed the least we can do is provide some kind of support and hope when this is all over they can come back and open, rehire people and go forward...
Not according to some FReepers. Take a look at this gem:
"There are endless reports of businesses that will fail in days, but any business running that close to the edge is either under capitalized or over leveraged or has insufficient margins - or all three."
Essentially, the FReeper is suggesting "they had it coming".
Why can’t we rename this the “CHINESE VIRUS RECOVERY FUND”.
Those who Profit or Price Gouge are exempt from help, those young things partying on beaches etc are exempt. The Insider Traders have to give every cent they earned to the fund. The 4 congress critters forfeit half their salary for the year to the fund, the 3 elected ones get busted to Freshman status, Security clearance pulled. The 1 GOP female has been on the job 3 months is a Governor APPOINTEE who can recall her. Appoint someone better.
College loans deferred until a later date, Those who don’t go back still have to pay the loan up to the time the college shut down and offered no online courses. School closed left you hanging, refunds what is left of semester.
NO MORE CHINESE DRUGS. I’m tired of the crappy reactions and risk of cancer.
Bring all our Manufacturing and Pharmaceuticals back under US regulations, with some changes at FDA to make them safer. Remove all TV, & magazine ads. Remove the constant commercials running in doctor’s offices along with germ ridden magazines.
Midwife programs for rural areas. Want lower student loan debts, serve 5 yrs in rural areas NO D grade docs. Bring back In house testing for hospitals.
Why can’t we rename this the “CHINESE VIRUS RECOVERY FUND”.
Those who Profit or Price Gouge are exempt from help, those young things partying on beaches etc are exempt. The Insider Traders have to give every cent they earned to the fund. The 4 congress critters forfeit half their salary for the year to the fund, the 3 elected ones get busted to Freshman status, Security clearance pulled. The 1 GOP female has been on the job 3 months is a Governor APPOINTEE who can recall her. Appoint someone better.
College loans deferred until a later date, Those who don’t go back still have to pay the loan up to the time the college shut down and offered no online courses. School closed left you hanging, refunds what is left of semester.
NO MORE CHINESE DRUGS. I’m tired of the crappy reactions and risk of cancer.
Bring all our Manufacturing and Pharmaceuticals back under US regulations, with some changes at FDA to make them safer. Remove all TV, & magazine ads. Remove the constant commercials running in doctor’s offices along with germ ridden magazines.
Midwife programs for rural areas. Want lower student loan debts, serve 5 yrs in rural areas NO D grade docs. Bring back In house testing for hospitals.