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re: Deal is reached!!!

Posted on 3/25/20 at 2:08 am to
Posted by SaintNation
West Monroe
Member since Dec 2008
2003 posts
Posted on 3/25/20 at 2:08 am to
How is the tax payer getting screwed. Ok here is your 34k and your fired bc your company tanked. Great now what. Hope you can live off that 34k for the next 10 years. You have to save large business as they employee half of America. This also is NOT a bailout. None of these companies did anything wrong. THE GOVERNMENT screwed all these business by making them shut down. They literally owe them and all small business their own money back.
This post was edited on 4/12/20 at 5:55 pm
Posted by lsufan1971
Zachary
Member since Nov 2003
23782 posts
Posted on 3/25/20 at 2:22 am to
quote:

They start fine combing over all your financials. They start asking employees about any issues they may have and build a file.


We have had an SbA loan for 5 years and none of this is true.
Posted by Sho Nuff
Oahu
Member since Feb 2009
13461 posts
Posted on 3/25/20 at 2:26 am to
quote:

Its too much money being dangled in front of people right now without any care for what it actually means to basically loan out your company to the dreaded feds

I don’t understand what you mean. A SBA loan with low interest that a small business would pay back is loaning out the company to the feds?
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12457 posts
Posted on 3/25/20 at 2:26 am to
Maybe throw some bullet points in the OP.
Posted by SaintNation
West Monroe
Member since Dec 2008
2003 posts
Posted on 3/25/20 at 2:43 am to
Sure will update in the OP tomorrow when the details start to leak
Posted by Powerman
Member since Jan 2004
170781 posts
Posted on 3/25/20 at 2:50 am to
Sounds like the payments to individuals and families will be paltry at best which does them no good in this situation

If the bulk of the money goes to the businesses and not the individuals whose jobs were displaced due to the situation it's not going to help much at all
Posted by RiseUpATL
Member since Sep 2018
2214 posts
Posted on 3/25/20 at 2:56 am to
Dumb take. Give a man one fish and he eats for a meal. Teach a man to fish and he eats for a lifetime.

Businesses run the economy by employing the people. The money is in the right place in the long run. Sorry you didn’t a years salary.
Posted by Powerman
Member since Jan 2004
170781 posts
Posted on 3/25/20 at 2:56 am to
quote:

The Senate bill would direct payments of $1,200 to most American adults and $500 to most children, create a $500 billion lending program for companies, states and cities, and extend an additional $367 billion to help small companies deal with payroll problems. It would bolster the unemployment insurance system and pump $150 billion into U.S. hospitals. The bill more than doubled in size in just a few days.

So if you were a single working mom that got laid off you'd get $1700. Guess you'll be rich!
Posted by Powerman
Member since Jan 2004
170781 posts
Posted on 3/25/20 at 2:59 am to
quote:

Dumb take. Give a man one fish and he eats for a meal. Teach a man to fish and he eats for a lifetime.

Yeah. Except when you're not allowed to fish it's a bit of a problem. We live in a country where a lot of people even in the middle class are living check to check. If they're out of work for 4 months or more which is very possible I'm not sure a paltry check that would barely cover one rent or mortgage payment is going to help much.

I would imagine we're looking at an inevitable housing market dip and foreclosure crisis.

quote:

Businesses run the economy by employing the people. The money is in the right place in the long run. Sorry you didn’t a years salary.


Not expecting a year salary and I'll be fine. But I can see this being insufficient for a lot of families.

ETA - I suppose I'm forgetting that they'd be eligible for unemployment so I don't suppose it's really that raw of a deal. I do think more money should have gone to families though. Just my opinion.
This post was edited on 3/25/20 at 3:07 am
Posted by jimdog
columbus, ga
Member since Dec 2012
6636 posts
Posted on 3/25/20 at 3:28 am to
(no message)
Posted by PaperTiger
Ruston, LA
Member since Feb 2015
26343 posts
Posted on 3/25/20 at 3:37 am to
quote:

This bipartisan deal is a raw deal for the people," Amash tweeted. "It does far too little for those who need the most help, while providing hundreds of billions in corporate welfare, massively growing government, inhibiting economic adaptation, and widening the gap between the rich and the poor."


Amash is a complete bitch. If he single handedly delays this he needs to be thrown to the fricking wolves
Posted by Armymann50
Playing with my
Member since Sep 2011
22054 posts
Posted on 3/25/20 at 5:02 am to
quote:

Deal is reached!!!
Fleecing of America.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135755 posts
Posted on 3/25/20 at 5:16 am to
It was a "handshake deal" . . . . irony
Posted by FredBear
Georgia
Member since Aug 2017
16988 posts
Posted on 3/25/20 at 5:21 am to
I would wait to see how it comes out before reacting too much folks. Democrats love to sabotage deals in the last minute so I wouldn't call it a done deal yet. They are some shifty dishonest mother frickers and who knows what they are likely to pull today
Posted by LSU Patrick
Member since Jan 2009
76974 posts
Posted on 3/25/20 at 5:23 am to
Yep
Posted by RiseUpATL
Member since Sep 2018
2214 posts
Posted on 3/25/20 at 5:29 am to
Their antics Monday were not well received by the people. They don’t look good right now. They’ll try something to sabotage the republicans before this is over.
Posted by thingshavechanged
Member since May 2017
413 posts
Posted on 3/25/20 at 5:30 am to
Pelosi did not get rolled. Changes from the original McConnell bill:
The poorest Americans (who are struggling the most) get a check (previously under $22k omitted)

-Unemployment benefits are extended to self-employed people who’s business are closed (including Uber drivers) at $600 a week for 10 weeks

-Your $1200 doesn’t come out of your 2021 tax return

-Hospitals and States will finally get the testing and masks they need (over $100 billion)

-Married couples making up to $150k (many self employed folks) Will get a check (previously $77k)

-Corporations that get money have restrictions (such as buy-backs and bonuses)

-companies are able to deduct 6.2% social security deduction if you keep people employed
Posted by LSU Patrick
Member since Jan 2009
76974 posts
Posted on 3/25/20 at 5:30 am to
quote:

McConnell said the Senate will meet at noon on Wednesday, but did not set a time for a vote. By rule, the procedural vote to begin debate on the coronavirus package would happen at 1 p.m. ET, unless the Senate scraps that vote?.
Posted by BourreTheDog
Member since May 2016
2728 posts
Posted on 3/25/20 at 5:34 am to
quote:


-Hospitals and States will finally get the testing and masks they need (over $100 billion)

-Married couples making up to $150k (many self employed folks) Will get a check (previously $77k)

-Corporations that get money have restrictions (such as buy-backs and bonuses)

- companies are able to deduct 6.2% social security deduction if you keep people employe


Pretty sure all of this was in Bill BEFORE Pelosi threw her temper tantrum and took her toys home.
Posted by Possumslayer
Pascagoula
Member since Jan 2018
6474 posts
Posted on 3/25/20 at 5:44 am to
Will she do a victory lap and claim this was a democrat bill?
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