Stimulus Bill: “An Abomination Beyond Comprehension” - Page 2

Gordon Shumway · #11 (**permalink**) 04-01-2020, 02:35 AM

one guy, rand paul, spoke out against hastily passing a bill of trillions in additional spending. he pleaded with his colleagues to consider stopping less important spending (like foreign aid) and shifting that money to more important and urgent spending (like coronavirus relief) to no avail.
then he suddenly came down with coronavirus and couldn't debate or vote on the $2.2trillion anchor on our future.

saltwn · #12 (**permalink**) 04-01-2020, 06:18 AM

Quote:

Originally Posted by AZRWinger

Reporting and compliance costs for any regulatory regime disproportionately impact small to medium size companies compared to large corporations. But that doesn't stop the faux defenders of small business from piling on more required reporting and creating more Federal bureaucrats to act as a conquering Roman army to "protect" us. Of course all of this adds to the cost of the product to the consumer but that's fine by Left wing demogogues, all the more to criticize villainous corporations for price gouging.

The Trump administration has waged a war on uneeded regulations and bureaucracy enhancing red tape to the horror of Democrats committed to expanding the Federal government at every turn. Yet now when the Corona virus relief requires evil corporations to prove they spent loaned monies to retain employees it sets off a wave of condemnation.

certainly we want to make sure those ceo's dont do stock buy backs w the money ala the great recession bailout. I'm all for that.

AZRWinger · #13 (**permalink**) 04-02-2020, 10:51 AM

Quote:

Originally Posted by saltwn

certainly we want to make sure those ceo's dont do stock buy backs w the money ala the great recession bailout. I'm all for that.

That's why the aid is delivered as a loan rather than a grant. There is a defined process to apply for loan forgiveness and criteria for evaluating the request. But according to some on this is a mountain of paperwork and unnecessary jumping through hoops.

GottaGo · #14 (**permalink**) 04-02-2020, 12:35 PM

Quote:

Originally Posted by saltwn

certainly we want to make sure those ceo's dont do stock buy backs w the money ala the great recession bailout. I'm all for that.

PLEASE read the actual bill. Large corporations cannot use the funds for that purpose. Requires specifically state the uses of the money.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

The Following 3 Users Say Thank You to Gordon Shumway For This Useful Post:
GottaGo, mr wonder, saltwn