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It’s a bailout of capital.
Won’t hear either political party say this – therefore it must be incorrect.
Not to mention unspeakable.
Anytime there are 30 plus million people out of work and the market is up say 384 pts that day .
Yep !
" The Bailout Is Working — For The Rich"
Feature, not bug.
“Surprise, surprise, surprise.”
— Gomer Pyle, 1962
This just never gets old. That’s why I have a macro for it.
Downright Naborly of you.
I like to think of it as being “Naborsly.”
Don’t be an “s”…
…and THIS should be the story the media pushes over and over again INSTEAD of the Republican Party as the party of fiscal responsibility.
And its like joe/jane public is being told move on nothing to see here.
And said no doubt with a straight face.
" Lamar Alexander warns ‘not enough money’ to help everyone
“We have to let people go back to work and earn a living,” the Tennessee Republican says."
When do you suppose the majority of people will notice that what little they had is gone and the rich are busy congratulating each other on what a fabulous job the government has done on “saving the economy”? Never? That’s my vote. I fully expect that as the dust begins to settle we will be told that it is entitlement programs that have caused this
Deja vu all over again.
If the health crisis does not pass quickly, or if the economy does not roar back, the Fed’s actions might prove inadequate.
Don’t count on a roar back
https://twitter.com/paulkrugman/status/1259103725341290496
McConnell will act accordingly, or not act, that is.
https://twitter.com/paulkrugman/status/1259105752658173952
" The Bailout Is Working — For The Rich"
DJIA is currently down 216 points from last Friday’s close.
@pine
Lamar Alexander doesn’t have to pretend he cares anymore.
Almost the question I’ve been asking 30 million out of work and the stock market is up ?
From the article a comment.
“Maybe the real issue is the connection between the stock market and the economy. Is the market the primary indicator of how the economy fares OR are they entirely separate?”
I think they’d be more closely connected if we had an economy largely based on manufacturing. As it is, it’s a virtual gambling casino.
Winning streak curiously continues for the people that put Trump in office and the enablers who are determined to keep him there…as we will see over the next month,no prisoners will be taken in this struggle to exhort people to embrace their own death…and those of unsuspecting citizens they don’t even know…
The unemployment rate is inversely proportional to the cost of labor.
More or less.
"There is no dollar limit and no danger of running out of ammunition.” Another war, this time on the consequences of risky investments by billionaires. The Fed is ensuring that government of, by, and for billionaires shall not perish from the earth.
At least no until those tens of millions of broke, unemployed workers finally figure out what’s been going on.