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Loans? Not grants? While large businesses get quantitative easing, bailouts of airline industries, etc? Sounds about right. Also from the announcement, lol: "
by icelancer 7y ago
Loans? Not grants? While large businesses get quantitative easing, bailouts of airline industries, etc? Sounds about right.
Also from the announcement, lol:
"businesses with credit available elsewhere are not eligible"
Ah, so if you can get credit elsewhere, you can't get our help, even if it's needed.
- chrisco255 7y agoI haven't read about the QE4 plans. How will it work? This is just tip of the iceberg, now that this is declared national emergency, FEMA money and other sources are unlocked. Meanwhile, it's just the first week of things heating up to the point of these shut downs. Give the government time.
- icelancer 7y ago>> Give the government time. They have time enough to shut down businesses in a snap of their fingers. I don't think it's too much to expect at least a basic outline of a remuneration plan at the same time. I do not see why we should give them time on one issue but not the other.
- chrisco255 7y agoWell you're talking state government vs federal government. Different departments.
- cavisne 7y agoGovernments have more fiscal freedom to give out loans than grants. Many of the prior bailouts were also loans (at terms that no bank would offer hence the bailout bit). Businesses should take advantage of these, and a restaurant operating in a city where operating a restaurant is illegal will not have credit available anywhere else.
- PeterisP 7y agoQuantitative easing and most of the bailouts I can think of are in form of loans, not grants. The 9/11 airline bailout was 1/3 grants and 2/3 of it was in form of loans. Loans are the default form of bailout pretty much always. They turn into "grants" when the worst-hit businesses can't repay them, but they still allow business to continue and not bankrupt their suppliers and amployees.