4 ms·
I'm not poor and I'll totally spend it. I think it's important to realize that this tiny stimulus, whatever it ends up being, $1k, $3k, whatever, is just the s
by chisleu 7y ago
I'm not poor and I'll totally spend it.
I think it's important to realize that this tiny stimulus, whatever it ends up being, $1k, $3k, whatever, is just the sugar to help the massive bailouts go down.
All the companies that took extra profits from the last round of stimulus saved cash and bought back stocks to inflate the stock prices.
The virus was only the needle that popped the good times bubble. Now the market is in free fall, stopping only to bounce off of the branches (circuit breakers) on the way down the cliffside.
How about we accept the individual stimulus and fight against the bailouts this time? These companies aren't too big to fail. They are just too big to be run by profiteering gluttons who fall back on the taxpayer when their business plan is shown to be a failure.