Latest Coronavirus - Yikes

#19,158
#19,158
I wish they would stop referring to small business and corporate money as a "bailout".

This isn't 2008. Helping businesses that are only failing because of government quarantine is not "bailing them out". It's just "doing the right thing". If our government is incapable of doing that, then they are incapable of running a state mandated quarantine and need to tell everyone to continue their lives as normal.
 
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#19,164
#19,164
I'm as anti-welfare as they come, and if I were ever president I would take industrial grade garden shears to that budget on the first day.

However...

This isn't welfare. Paying someone who cannot support themselves is quite different when it was the government that literally forced them to be fired. If they can't even provide help to those people, then fine. The only moral thing to do is end the quarantine right damn now.
 
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#19,165
#19,165
Governor Brian Kemp is supposed to address the state at 5 PM this evening. The governor is weighing his options as how to curb the tide during this COVID-19 pandemic. Some state leaders are urging the governor to issue a “Shelter-in-Place” order that would effectively shut down all “non-essential business” in the state. The order would also mean that Georgia residents who do not hold jobs in “non-essential” businesses would not be able to leave their homes except for emergencies.

The governor has already been granted wide-ranging power by the state legislature and could issue an executive order to implement the drastic policies.

Unlike the wrangling in the United States Congress, Georgia’s Democratic and Republican leaders are pleading with the governor to take drastic action at this point. In a letter to the governor signed by the Republican Leadership and the Democratic Minority Leadership, the General Assembly has told the governor that “we are all in this fight together.” The letter went on to say that “this virus sees no color or political affiliation.”
 
#19,168
#19,168
Ten_Titans said:
I wish they would stop referring to small business and corporate money as a "bailout".

This isn't 2008. Helping businesses that are only failing because of government quarantine is not "bailing them out". It's just "doing the right thing". If our government is incapable of doing that, then they are incapable of running a state mandated quarantine and need to tell everyone to continue their lives as normal.
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Of course the government is incapable of running a quarantine, as they are of most things. A state-mandated quarantine should be neither desired nor tolerated.
 
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#19,175
#19,175
Stew Cook said:
It's probably pointless pointing that out here, but I think more see it than will admit it.
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Trump himself has said a few times in the last week that he agrees with the Dems on this. He even joked about how he is a Republican, but he still supports a ban.

“I don’t want them taking hundreds of millions of dollars and buying back their stock. That does nothing,” he said. “The workers are my No. 1 concern. The way we take care of the workers is, we have to keep the companies going.”
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Trump offered the assurances in response to a question about airlines that had used savings from the 2017 tax cut to buy back stock. The practice allows companies to remove shares from the market, boosting share prices that executives consider too low.

Share repurchases soared to record highs after passage of the tax law, which left companies with extra money on hand.

“There were some companies that used the money to buy back stock, driving up the prices artificially, in many cases. I don’t like that,” Trump said.
Click to expand...
 
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