Aid package fails again

SayWhat

Sophomore
Joined
Sep 25, 2017
Messages
3,387
yes. Let hundreds of thousands of Floridians lose their jobs. What could go wrong? We could just write them each a one time check that’ll cover their bills for a couple weeks!

how did restaurants and hotels mismanage their companies on this one? By not foreseeing a pandemic? That’s ridiculous
Guess what, someone will acquire those big assets and companies.

Big entities need and do, contrary to most beliefs, have rainy day funds. They also have massive lending opportunities through their assets. If they are running on barely staying afloat, something is wrong and yes, they're better off going under letting someone else but then up. Guess what the jobs are back.
 

MIA42178

All-ACC
Joined
Nov 3, 2011
Messages
8,480
Guess what, someone will acquire those big assets and companies.

Big entities need and do, contrary to most beliefs, have rainy day funds. They also have massive lending opportunities through their assets. If they are running on barely staying afloat, something is wrong and yes, they're better off going under letting someone else but then up. Guess what the jobs are back.
this is one of the dumbest statements in the history of CiS

they’re barely staying afloat bc of a pandemic they had no control over. The Florida cruise industry was shut down. Do you have any clue how much Florida revenue and jobs are at stake?

but herp derp. Big corporations guYsmS


@DMoney please tack this thread
 
Last edited:

SayWhat

Sophomore
Joined
Sep 25, 2017
Messages
3,387
Those are bullshit talking points democrats are pushing AFTER they negotiated a bipartisan bill all weekend.

that ignores all the irrelevant bullshit they’re loading in now as pointed out above.

It’s completely fucking stupid to keep companies from repurchasing stocks to the benefit of shareholders.

the stock market is down. Repurchases directly help people who have lost money in the market.

democrats are fucking clueless
Actually, all it does is allow them to buy back a portion of their company at a significant discount in what was a successful business (profitable), thus making them more money in the long run when they sell off shares whenever down the road. There is literally no gain until those who still have shares reach the point before the drop. Anyone selling before that point is losing money if they've sold or are selling, obviously dependent on what they bought in for. It's s financial windfall for the companies.
 

MIA42178

All-ACC
Joined
Nov 3, 2011
Messages
8,480
Actually, all it does is allow them to buy back a portion of their company at a significant discount in what was a successful business (profitable), thus making them more money in the long run when they sell off shares whenever down the road. There is literally no gain until those who still have shares reach the point before the drop. Anyone selling before that point is losing money if they've sold or are selling, obviously dependent on what they bought in for. It's s financial windfall for the companies.
you have no clue how publicly traded companies and retirement savings work.

wait. Are you being sarcastic?
 

SayWhat

Sophomore
Joined
Sep 25, 2017
Messages
3,387
this is one of the dumbest statements in the history of CiS

they’re barely staying afloat bc of a pandemic they had no control over. The Florida cruise industry was shut down. Do you have any clue how much Florida revenue and jobs are at stake?

but herp derp. Big corporations guYsmS


@DMoney please tax this thread
They have no control over the weather, hurricanes, etc.

Obviously this will cost them, but companies need to balance their books to anticipate down times. Not be given blank checks to essentially bail their ass out while they remain insanely profitable the rest of the year.
 

MIA42178

All-ACC
Joined
Nov 3, 2011
Messages
8,480
They have no control over the weather, hurricanes, etc.

Obviously this will cost them, but companies need to balance their books to anticipate down times. Not be given blank checks to essentially bail their ass out while they remain insanely profitable the rest of the year.
it’s an unforeseen pandemic. These companies did nothing wrong. They employee hundreds of thousands of Floridians

giving people a rent check isn’t keeping them employed

stop while you’re behind
 

TemplarCane

Nothing will change if there are no changes
Joined
Nov 12, 2015
Messages
5,576
No issue bailing out businesses providing every employee on their payroll prior to this crisis remains on the payroll, with all the same benefits for time period TBD. Bailout money to the business should be allocated to guarantee this income. Maybe the government pays the money directly to the employee. Give the bailout balance to the company.

Acme Company wants $10M in bailout funds? Okay. What was their payroll expense, including all benefits, during the crisis period? $3M? Good, we will need proof, of course. Once audited documentation is provided the balance of $7M to recoup lost revenue, etc. will be provided.

This isnt difficult.
 

SayWhat

Sophomore
Joined
Sep 25, 2017
Messages
3,387
it’s an unforeseen pandemic. These companies did nothing wrong. They employee hundreds of thousands of Floridians

giving people a rent check isn’t keeping them employed

stop while you’re behind
No ****, but good companies, plan for unforeseen circumstances.
Ok, just want to make it clear that those "unrelated items" everybody is ranting and raving about Democrats wanting to add to the bill are not in the Senate Bill media outlets are reporting is close to passing. Those provisions are in the House's stimulus bill. According to reports, none of those provisions have even been brought up by Senate Democrats during the course of negotiations, so this is all just a bunch of manufactured hysteria over nothing at this point. Pelosi has also already come out as saying that she would have no problem voting for the Senate bill if certain changes were made. It's been reported that Senate Republicans have agreed to much greater oversight of the $500 billion set aside to prop up struggling businesses. We're now hearing that the Senate Bill is on the verge of being passed (although negotiations are continuing), so Pelosi's statement on her openness to a revised version of the Senate bill appears to be true.

In negotiations, leverage is needed to get what you want and exact concessions from the other side on issues that are important to you. Introducing a competing bill, one loaded with items unpalatable to the other side, presents the threat of further drawing out negotiations. This heightens the sense of urgency on the other side and forces them to be more open to flexibility in order to bridge the remaining gaps on the nearly completed Senate Bill.

Some might question whether or not now is the time for brinksmanship. However, if the Democrats feel that there certain issues are essential enough to fight over, and hold out for, then they should use whatever leverage they have at their disposal to do so.
Facts don't matter to your audience. Fake news they'll say.
 

Plzwork4

Worldbeater
Joined
Jan 9, 2012
Messages
2,384
So hand them the money without strings and they just fire people anyway? So they can buy back stock like the airlines did with all the money they got?
There were rules set in place for what they could do with the money...holy **** read something for fucks sake.
 

Plzwork4

Worldbeater
Joined
Jan 9, 2012
Messages
2,384
"This is a tremendous opportunity to restructure things to fit our vision," Majority Whip James Clyburn (D-S.C.)

1) corporate board diversity
2)Increased fuel emissions standards for airlines
3) Expansion of wind and solar tax credits

Curious as to why no one wants to answer how these democrat add ons should be part of any relief bill
Straight from the asshat Dem Rahm Emanuel playbook "Never allow a crisis to go to waste"...

What a piece of **** these people are.
 

Plzwork4

Worldbeater
Joined
Jan 9, 2012
Messages
2,384
You keep saying this and it is dead wrong. If they need the money so much give up equity in the company to the government. it was widely criticized by business about the GM bailout when the US got equity. However the government slowly sold off their shares at a profit when things returned to normal.

If they need the money so bad give up the stocks....however most companies have said they won't do that. They want a hand out.

It's not a loan because it won't be paid back. It's a loan that reverts to a grant.
Yep that's what America needs...big gov't owning more of our means of production. You guys get your way and we will be Venezuela 2.0 in no time...as soon as you can just get those pesky shooting things out of our hands first!
 

Fawk_U Haters

Junior
Joined
Jan 11, 2015
Messages
2,680
Yep that's what America needs...big gov't owning more of our means of production. You guys get your way and we will be Venezuela 2.0 in no time...as soon as you can just get those pesky shooting things out of our hands first!
Show me on the doll where i hurt you.

You obviously missed the point. Did GM suffer any ill consequences of the government taking stock? Did the government dictate to GM what they could and couldn't make? The answer is no to both questions if you care to actually look at the facts. It was a mutually beneficial relationship actually. GM was saved, the government made a little bit of money on their investment into GM. Guess who else won in that deal. Tax payers. They didn't have to foot the bill for a company that mismanaged themselves. It's just like buying stock from an online trading platform, but they can't dump it all at once to hurt the company they're rescuing. Get it now?

Any good financial person will tell people they need to have 6 months of funds on hand when the "worst case scenario" happens. Why don't corporations follow the smae rules? Could it be that executive pay and compensation is mostly tied to stock price? I guess you can start to paint the picture as to why execs and boards would want to take all their available cash and buy back stock huh. But if you were truly a capitalist then you'd want no bailouts from governments. let the companies fail. There will always be someone with money to buy the company, but then again you're not a true capitalist are you? You're just someone who likes to spew dumb **** like, "we'll be Venezuela 2.0."

Want to talk about guns, i own many and all different kinds with more ammo than i'll ever need. However i do think there should be stronger laws on WHO can have them. You do realize that in 90's the NRA was all about stricter background check and keeping guns out of the hands of crazy people right? But then again that's when they were a educational group based on rifle marksmanship and not just the gun manufactuers pit bull.
 

Canes1968

Sophomore
Joined
Jan 27, 2017
Messages
2,402
it’s an unforeseen pandemic. These companies did nothing wrong. They employee hundreds of thousands of Floridians

giving people a rent check isn’t keeping them employed

stop while you’re behind
Unforeseen? Nah, not even close. I'd venture to guess that every one of these public airlines and cruise lines has a disclosed risk factor for pandemics.

Did they make the proper decisions necessary to protect the company from the impact of a pandemic? Nope. And they should suffer the consequences for it. As should their shareholders who didn't hold them accountable for making good business decisions.

Sure, letting the companies failing, which would cost many people their jobs is a tough pill to swallow, but not doing so creates a moral hazard that will eventually lead to much greater pain.
 

blushrts

Sophomore
Joined
Nov 2, 2018
Messages
737
There were rules set in place for what they could do with the money...holy **** read something for fucks sake.
I'm at home working, I didn't read the bill. If there are rules in place, good. You must have been born yesterday if you think big business isn't wetting their panties ready to get some good ol government socialism. Privatize the profits, socialize the losses.
 

tcgrad1014

All-ACC
Joined
Nov 5, 2011
Messages
10,959
I'm at home working, I didn't read the bill. If there are rules in place, good. You must have been born yesterday if you think big business isn't wetting their panties ready to get some good ol government socialism. Privatize the profits, socialize the losses.
The taxpayers ended up ok with the financial crisis bailouts. Hopefully this will work out as well.
 

blushrts

Sophomore
Joined
Nov 2, 2018
Messages
737
Yep that's what America needs...big gov't owning more of our means of production. You guys get your way and we will be Venezuela 2.0 in no time...as soon as you can just get those pesky shooting things out of our hands first!
Don't assume all us libs are unarmed. Who's quote is this? "Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary"

Venezuela is a corrupt dictatorship, where the leadership pocketed the oil money instead of reinvesting like like Norway does.
 

Plzwork4

Worldbeater
Joined
Jan 9, 2012
Messages
2,384
Don't assume all us libs are unarmed. Who's quote is this? "Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary"

Venezuela is a corrupt dictatorship, where the leadership pocketed the oil money instead of reinvesting like like Norway does.
Yes its a corrupt dictatorship...that did not start out that way. It started as a vibrant country with a booming economy supported by a huge portion of the world's greatest resource. Enter socialism under completely innocent intentions...you know the rest.

It always starts out great...never ends that way. Even if the group that brings it forward initially has the purest of hearts there is always someone waiting behind you to stab you in the back to turn it into their own profit. This is the logical conclusion of socialism...dictatorship.
 
Top