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What makes me really angry is the way Trump/Mnuchin talked about this issue. This is not about politics. When I listened to them talk about how they want the bi
by avgDev 7y ago
What makes me really angry is the way Trump/Mnuchin talked about this issue. This is not about politics. When I listened to them talk about how they want the big businesses to give the money back I laughed out loud.
I mean have we not learned anything from the past? Does the administration NOT know that if there are no strict rules and oversight the bigger players have more resources to secure these loans. What a complete failure this program has been.
- MR4D 7y agoCongress wrote the rules on this behemoth of legislation, not the President. Second, Shake Shack actually gave back their $10 million. Whether that was due to Trump or just bad press, I haven't looked to see, but it can't hurt. Finally, if there is one thing that Trump is good at, it is using the podium as a bully pullpit. So yeah, I want him calling out companies to give money back. Even if he's only 1/2 successful, it's a lot better than not doing at all. Am I frustrated like you? Sure, but legislation like this is always messy. Always.
- stevenbedrick 7y agoCongress wrote the bill, yes, but in this case did so in very close coordination with the Treasury, specifically the Secretary, who presumably had a lot of input on the specifics. So it’s definitely not just on Congress, here... plenty of blame to go around.
- MR4D 7y agoAgreed, but that’s only so the administration gets to check its list of stuff. Congress never delivers just that. But I agree that there is plenty of blame. I still think it was amazing that a relief act got passed so quickly that at least worked somewhat given the disparity in politics these days.