Thoughts on this bailout and “stimulus”?

Big Fin

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Here is the text of the bill - https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rY0Bl72CufkE/v0

As a CPA, I get to read a lot of tax bills. Tax bills, stimulus bills, health care bills, etc. are all specialized welfare bills if you really get down into the details; disguised socialism might be a better way of explaining it. Perusing over the last hour, this bill is no different. For all the comments about what Pelosi and Schumer got put in for their DNC franchise owners/donors, McConnell and McCarthy did a hell of a job for the RNC franchise owners/donors. Both groups will get big kudos from their donors.

There is a reason that these bills require 800+ pages - it takes 883 pages to hide that much welfare. To provide $700 Billion to the unemployed and small businesses, it evidently requires an equal amount to the well-connected folks with their paid lobbyist on speed dial. In the first few sections, one sees the trend.

Select industries (hotels and restaurants) get to write off their building improvements immediately. Us poor saps not in those select industries have to write it off ratably over 30+ years.

Some get to go back and amend tax returns to get retroactive refunds for the changes in their industry. The rest of us get a boot in the ass.

If you are a hotel that employees more than 500 employees, but not more than 500 employees work at any one location, step up to the trough, you get the gubmit dole (loans, possiby forgiven loans). If you are any other business that has more than 500 employees, no matter where they work, too bad for you. All you need is a tax return with a NICS code that starts with "72" to get exemption from the 500 employee rule, which by using that language exempts one type of businesses, hotels.

I could go on and on. The list of non-worker, non-small business welfare in this bill is immense.

From reading it, they could have done the unemployment and small business provisions in about 25 pages. That would be too easy and would have been done in about a two-hour meeting. Anyone who thinks that the special interest provisions come from all one side or the other either hasn't read the bill, even a cursory read, or they failed reading comprehension. Such claims make me laugh.

Further proof of my post above explaining their franchise models. They never let a crisis go to waste that could benefit their shareholders/donors at the RNC/DNC. They're all in it together and our children/grandchildren are footing the bill for how these two entities repay their political debts.
 

Gerald Martin

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Yes, but what’s an additional $2,000,000,000,000. added to the national debt, when my family stands to get $4,900?

🤮😡

“Kids, times like this is why our generation taught you to save your money.”

“Ummm, no Dad. You didn’t teach us to save.”
 

nontyp

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Kansas
I’d like to see a list of all the pork in this bill with each responsible senator’s name next to it. This thing is ridiculous, and the fed is printing money like there’s no tomorrow. Inflation is coming soon and very high taxes are coming at some point later.
 

Red Fox

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Island Park ID
Hell the ink is not even dry and they are talking about another bill. Must be to cover all the other donors they couldn't get in the first three. This is getting sad they are spending money like drunken sailors. We are getting robbed and will have to pay for this spending
 

BigHornRam

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hank4elk

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It's total BS. They just gave away $4.4 Trilllion to companies/entites that are solvent. $14 T total recently will fly away .....
They are throwing crumbs @ US with a maybe someday $1200...lol
Good Luck & Good Hunting! LOL
 

shootbrownelk

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Apr 2, 2015
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Wyoming
On a positive note, staffers bloomberg recently kicked to the curb can now draw unemployment for at least 4 months!
Along with another $600 a week on top of what they get from the state.
 

Trial153

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Big farming and ranching came out on top, so did the corporate/ defense partnership, insurance as well. All in all the corporate hegemony scored a huge win as usual. Look for that money to kick back to the political establishment in form of campaign funding, family jobs and information for market scores.
 

Nameless Range

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Western Montana
In the name of sanity, I took the kids south a dozen miles to pick up a to-go order from a local restaurant. The owner said even with to-go orders, business is down over 90% and he laid everyone off.

If in this stimulus package, like ones before it, the bigwigs within these industries get their bonuses this year, or hell, even get paid their 6 and 7 figure salaries to pad their 7 or 8 figure bank accounts, well that's f%cked. I think a good argument could be made that preceding this event there was a significant rate of disenfranchisement in the youth of this country. As terrible as the ruin of our economy is, how people will respond is just as frightening. I could see misguided decisions being made, but can you blame them?

A guy can serve his country, work hard to run a small town restaurant and approach financial ruin at the hands of something entirely out of his control. As bad as that is, it isn't inherently bad, because the world is indifferent. That's just life. But for those who don't need a damn thing to come out of this smelling like a rose, that's not an indifferent game, that's a rigged one.

"Now won't you tell me if you can
'Cause life's so hard to understand
Why's the rich man busy dancing

While the poor man pays the band "
 
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