narad
Progressive metal and politics
Last I checked Pelosi wasn't running, but what do I know.
US Political Discussion: Biden/Harris Edition (Rules in OP)
- Thread starter mongey
- Start date
This site may earn a commission from merchant affiliate links like Ebay, Amazon, and others.
Last I checked Pelosi wasn't running, but what do I know.
This site may earn a commission from merchant links like Ebay, Amazon, and others.
Eachother's butts, I'd imagine.
fantom
Misses his 6 strings
There is a huge difference. The bank bailout years ago did absolutely nothing to help people with underwater mortgages. The bank effectively got to foreclose, kick people out and make them declare bankruptcy, then reimbursed from the federal government on the property valuation screw up. So they pretty much got the federal government to buy property at ridiculously over market values and give the property back to the bank to sell on auction. Sadly, the banks were rewarded for grossly overextending on loans. People didn't benefit.
Compare to now. If someone chooses to pay mortgage with a stimulus check, the money is going towards the person to pay down their debt and build equity instead of the bank directly. There is a huge difference there. People aren't getting foreclosed and bankrupt while the bank gets a check.
And if we just defer payments... Does the bank still charge interest?
You're right, that is a lot different! Thank you for breaking it down like that for me. I guess on some level I did know both of those things but somehow my brain didn't remember that mortgages theoretically disappear someday. I'm a renter, my dummy brain is just like "Mortgage? Oh yeah, that's what they call rent when you live in a house".
sleewell
Well-Known Member
they also did stimulus checks directly to people when bush was in office. they were smaller but i remember getting one.
funny how the last 2 republican presidents both passed massive tax cuts for the rich, ran huge deficits and did bailouts. the second a dem takes office they all of a sudden remember the fake part about financial conservatism.
funny how the last 2 republican presidents both passed massive tax cuts for the rich, ran huge deficits and did bailouts. the second a dem takes office they all of a sudden remember the fake part about financial conservatism.
Socialism is bad, let’s give rich people tax cuts. Socialism is bad, let’s send out checks.
For real.
Conservatives: Universal Basic Income is a socialist pipe dream that'll never work in the real world.
Also Conservatives: IT'S STIMULUS CHECK TIME MOTHERFUCKERS! THE ECONOMY IS GREAT WHEN FOLKS CAN BUY MORE STUFF!
For real.
Conservatives: Universal Basic Income is a socialist pipe dream that'll never work in the real world.
Also Conservatives: IT'S STIMULUS CHECK TIME MOTHERFUCKERS! THE ECONOMY IS GREAT WHEN FOLKS CAN BUY MORE STUFF!
It’s not socialism, when it’s their idea. They’re helping you feed the machine.
Drew
Forum MVP
I've LONG said that Trump can get away with murder as long as the Republican media defends him. Drudge has more o an independent streak than Brietbart or Fox (or the new OAN circle-jerk), but any signs of cracks should be concerning to him.
I'll say this, too - most of my colleagues are moderate Republicans, but Republicans nonetheless, bu Mitch McConnell's recent suggestion that US States should declare bankruptcy rather than being bailed out the same way companies have been generated a LOT of backlash in a shockingly bipartisan swathe of Wall Street. Mitch seriously miscalculated if he as floating this as a trial balloon (and it may not have been since the actual logistical means of allowing this to happen would be extremely hard), which is ironic since he made the same noise back in '08 and got shut down pretty hard then, too.
sleewell
Well-Known Member
i work at a very conservative bank. everyone i know who has been in lockstep with trump is now opposite from him on reopening right now with no testing and is even starting to say how stupid he sounds at the daily briefings.
moscow mitch really stepped in it and just shows how out of touch he is. KY takes 146 billion from the federal govt every year. NY ends up contributing money. calling this a blue state bailout and that states should just declare BK is going to piss off a lot people. airlines get bailouts but states should not pay police officers, fire fighters and teachers?!?
congress needs term limits.
moscow mitch really stepped in it and just shows how out of touch he is. KY takes 146 billion from the federal govt every year. NY ends up contributing money. calling this a blue state bailout and that states should just declare BK is going to piss off a lot people. airlines get bailouts but states should not pay police officers, fire fighters and teachers?!?
congress needs term limits.
I am really glad that Cuomo called Mitch out on that very fact during his conference today.
- "Let me go back to my self-proclaimed grim reaper, Senator McConnell," Cuomo continued, citing New York contributing $116 billion more in tax revenue to the federal government than it receives, while Kentucky is one of the largest net receivers at $148 billion.
- "Senator McConnell, who's getting bailed out here? It's your state that is living on the money that we generate. Your state is getting bailed out, not my state."
Drew
Forum MVP
He also conveniently glossed over his own state, Kentucky, being one of the most strained pensions in the country, or that most of the generous pension benefits he's now decrying were passed at times when state pensions were overfunded, and as often as not by a Republican governor as a Democratic one.
Honestly, that may be a miscalculation he lives to regret. He's currenty in an unusually competitive race for his own seat, against a challenger who can now paint him as advocating bankruptcy restructuring for states like Kentucky who have "excessive" pension obligations. That'll play rather badly with the public sector.
He also conveniently glossed over his own state, Kentucky, being one of the most strained pensions in the country, or that most of the generous pension benefits he's now decrying were passed at times when state pensions were overfunded, and as often as not by a Republican governor as a Democratic one.
Honestly, that may be a miscalculation he lives to regret. He's currenty in an unusually competitive race for his own seat, against a challenger who can now paint him as advocating bankruptcy restructuring for states like Kentucky who have "excessive" pension obligations. That'll play rather badly with the public sector.
While I still have a hard time believing that Mitch might actually lose his election, what he said is beyond the pale. Especially considering that he glossed over many ugly facts that Kentucky is currently facing. Only time will tell if this marked the beginning of the end for him and his reign of idiocy and hypocrisy over the Senate.
fantom
Misses his 6 strings
Nothing will change with Mitch and Kentucky. I do not know a single Republican that thinks the government should not write checks. They just want the checks to be given to them and not immigrants/minorities. If Mitch is defending that they deserve the federal money more than "them", he isn't miscalculating anything. And it will probably work.
This is the sad state of entitled lower class people that identify more as rich white people than their actual social class.
This is the sad state of entitled lower class people that identify more as rich white people than their actual social class.
fantom
Misses his 6 strings
I definitely didn't, and I was broke. Either way. Giving stimulus checks instead of bankrupting people vs. giving banks a bunch of free property to hold onto and auction for more money years later... Not sure they are the same at all.
Drew
Forum MVP
Not really. He's saying that the government should bail out businesses, but that state governments should declare bankrupty if they can't meet ends meet, because it's their fault if their pensions are too big to pay for. While representing a state with the most-underfunded pension in the country. Though weirdly he name-checked California, Illinois, and Connecticut, all three represented by Democratic governors, and particularly in the case of California an odd choice since they're right around the median in terms of thew % of their pension that's currently funded.
Yul Brynner
Fabricated Background
Pretty much sums it up.
Adieu
Well-Known Member
Don't forget pandering to and enabling the continued existence of other oligopolies, which all inadvertently provide extremely iffy and overpriced service... all manner of telecoms are stuck in the 20th century (internet, cellular.... oh well at least the cable TV racket seems to be dying a slow death), health insurance and banking are firmly under the control of half a dozen companies or less, etc.
AND THEY ALL SUUUUCK.
Umm, is anyone else seeing this news that Kim Jong Un might be dead?
Demiurge
Well-Known Member
^TMZ is reporting it, but I haven't seen any other outlets reporting it.
