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The bailouts were loans that were paid back. You know, that thing you're supposed to do when you agree to take out a loan. Also, those companies failing would
by Auracle 4y ago
The bailouts were loans that were paid back. You know, that thing you're supposed to do when you agree to take out a loan.
Also, those companies failing would have lead to not only their employees getting hurt, but possibly plunge us into a depression - hurting everyone.
What this loan forgiveness does is help a select few by hurting literally everyone else.
- metadat 4y agoYou are mistaken. The covid bailouts were interest-free loans, which are actual free money.
- Auracle 4y agoObviously there were a billion different programs but most people complain about the PPP, which were intended to go to...you know, paychecks. Paychecks for employees that could no longer work due to government enforced shutdowns. It's a bit of a different situation.
- absrd 4y agoOstensibly true but in reality if the business were going to pay their employees anyway, they really could do whatever they want with it. It's free $$$ in the same sense as the student loan forgiveness, yet curiously there is much more criticism on here directed towards the latter.