Trump wanting to send out checks...maybe he'll throw in a free cell phone!

Agreed. Service industry too. But the Government can’t cover months. Hopefully, this nightmare will be under control by Easter. Send China the bill. Hopefully, the politicians and globalists who put us in this position will STFU. Bring manufacturing back to the US. Originally Posted by bambino

Amen!

Just heard the best idea so far on getting money to those that need it. It will be up to business owners to file paper work saying who they laid off and how much money they were making. The business owner gets a "loan" to continue to pay their workers what they were making before this started. The idea of sending every American $1,000 is about as dumb an idea as I have ever heard.



A one time payment isn't going to get it done. People who have been laid off will need the money they were making until this crap comes to an end and hopefully all those people getting a check from the business they worked at, will be able to go right back to that job helping the business owner and the worker.

Then the business owner has to pay it back, and will already be strapped from all the productivity lost. Not that just sending checks out is a good idea, but burdening business with debt right as they’re trying to get back on their feet doesn’t seem to great either.

Put all mortgages on "national holiday" without accruing any interest/late fees/penalties.

Kind of a FU to those who paid cash or paid off their mortgage. This is why commie Bernout’s plan to pay off college debt is so lame. I lived on franks and beans and paid for mine, the Mrs’s, and two kids college educations, will I get reimbursed for that? If not, GFY lazy millennial fucks.

Then the business owner has to pay it back, and will already be strapped from all the productivity lost. Not that just sending checks out is a good idea, but burdening business with debt right as they’re trying to get back on their feet doesn’t seem to great either.

Kind of a FU to those who paid cash or paid off their mortgage. This is why commie Bernout’s plan to pay off college debt is so lame. I lived on franks and beans and paid for mine, the Mrs’s, and two kids college educations, will I get reimbursed for that? If not, GFY lazy millennial fucks. Originally Posted by Jacuzzme

Yeah, it's a difficult decision on who to burden or support.

The current discussion on the direct payments, plus some small business assistance might be the best we can hope for.

Some will win and some will feel ripped off not getting their share like in your example of those who paid off their debt, while other get assistance or forgiveness of debt.

Not sure how the final plan will play out yet though.

Not a difficult decision to the Fascist DPST's - confiscate from opponents - and pay those who vote for you.

Until there are no more "opponents" to confiscate from.

Basic fate of socialism - which the fascist DPST's fail to understand.

Kind of a FU to those who paid cash or paid off their mortgage. This is why commie Bernout’s plan to pay off college debt is so lame. I lived on franks and beans and paid for mine, the Mrs’s, and two kids college educations, will I get reimbursed for that? If not, GFY lazy millennial fucks. Originally Posted by Jacuzzme

Good for you. I'm glad you are in that position. More people like you should have done the same...but they didn't. You want homelessness well into the double digits. People accosting you for spare change and becoming even more high-risk vectors for COVID-19? Fine, we'll do it your way.

Or you can just hit pause for a few months on payments, let people get cashflow again, and resume paying off their mortgages. Not saying "loan forgiveness", just a pause, no discount off the remaining principal at all...and then they can resume making payments.

Then the business owner has to pay it back, and will already be strapped from all the productivity lost. Not that just sending checks out is a good idea, but burdening business with debt right as they’re trying to get back on their feet doesn’t seem to great either.

Kind of a FU to those who paid cash or paid off their mortgage. This is why commie Bernout’s plan to pay off college debt is so lame. I lived on franks and beans and paid for mine, the Mrs’s, and two kids college educations, will I get reimbursed for that? If not, GFY lazy millennial fucks. Originally Posted by Jacuzzme

My fault for not explaining it better. The "loan" if used to pay laid off workers, will not have to be paid back. If you use it for anything other than paying your laid off employee's, you will have to pay it back.


This is different than bailing out a failed business because of the owners incompetence or natural "market forces". This has happened because our government has mandated these business be shuttered and therefore the responsibility of government ( all of us ) to make these businesses and their employees as whole again as possible so that we can recover from this.



While getting money out to people who need it and only people who need it, is the right thing to do all things considered, giving out $1,000, $2000 checks willy nilly to everybody is a really, really stupid idea along the lines of paying for a college education for the child of a millionaire because we wouldn't want to "discriminate". Well, I do want to discriminate and any time the government decides to give out money, it must be strategic. Here is the plan in more detail.


Senator Collins Unveils Plan to Preserve Jobs and Protect Small Businesses During Coronavirus Pandemic

In:
Press Releases


Posted Tue, 03/17/2020 - 17:54
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Washington, D.C.—U.S. Senator Susan Collins, a senior member of the Appropriations Committee and a member of the Health Committee, unveiled a legislative proposal today that would help prevent Americans from losing their jobs and keep small businesses from going under as a consequence of the coronavirus pandemic.

“I have been working with Secretary Steven Mnuchin and a group of my Senate colleagues, including Small Business Committee Chairman Marco Rubio, on legislation to address an issue facing small businesses in Maine and throughout the nation,” said Senator Collins. “Our plan will address the cash flow problem that small businesses are facing through no fault of their own by providing guaranteed federal loans to be used to pay their workers. An example is the hospitality industry in my state, where we have numerous restaurants, hotels, and B&Bs, that are being affected already due to the cancellation of graduations, conferences, and other events. As long as the business does not lay off any of its employees, the loan would be forgiven when it matures.”

“The purpose of this bill is to help workers keep their jobs and make sure that businesses that were thriving prior to the recent outbreak will be able to remain open once the crisis has passed,” Senator Collins continued.


Specifically, Senator Collins’ bill would:

· Provide cash-flow assistance quickly to employers who agree not to lay-off their workers. This cash-flow assistance could be as much as the employer needs to stay in operation without lay-offs. The cash-flow assistance must be used to pay employees.

· When the crisis passes, the cash-flow assistance would be forgiven, so long as the employer keeps their workers employed and paid.

· This cash-flow assistance would be structured as federally-guaranteed loans made available through any lender qualified to make SBA 7(a) or 504 loans, and also FINTECH lenders approved by the Secretary.

· Terms would match those of SBA’s Economic Injury Disaster Loans (EIDL), except that the loans would be fully forgiven if the employer keeps its workers employed through the crisis.

· The amount loaned could either be drawn from a line of credit as needed, or the employer could estimate up front the amount it needs to cover lost revenue needed to make payroll during the crisis.

· If the employer draws more than is needed, the employer could repay the excess without penalty when the crisis is over. Alternatively, and if the employer otherwise qualifies, the excess could be converted to a loan on standard terms.

· Loans would be available for the duration of an “emergency period” beginning on March 1 and ending June 30, unless extended through December 30. Loan forgiveness would accrue over the same period.
I have to admit, I'm a bit confused as to the language about agreeing "not to lay off workers". That sounds like they are trying to keep businesses open which of course the government has mandated many shut down. I am assuming they are talking about giving laid off workers the money they would ordinarily make if they were still working. That is the only reasonable way to interpret this so I hope that is the case.

Agree- that phrase caught my eye - I "assume" it means to keep workers employed during the downturn.

How it is interpreted by government rules enforcement - may be another matter.

A good start for businesses damaged by government mandated closure.



Schumer and Pelosi will either oppose, or want to tack on billions for abortion availability and support.

and to line their own nests.


say, HF - think mmm might take a clue from your reasonable post in blue - and start a new approach????
Unfortunately , Not Likely!!!

Agree- that phrase caught my eye - I "assume" it means to keep workers employed during the downturn.

How it is interpreted by government rules enforcement - may be another matter.

A good start for businesses damaged by government mandated closure.



Schumer and Pelosi will either oppose, or want to tack on billions for abortion availability and support.

and to line their own nests.


say, HF - think mmm might take a clue from your reasonable post in blue - and start a new approach????
Unfortunately , Not Likely!!! Originally Posted by oeb11

"Employed" as in still being paid while you are not on the job because the government said you can not be at your job. That is the only "reasonable" interpretation so I hope that is what they will do. Makes no sense to say pay them to keep them"working" if their business has been mandated to close. Some restaurants will remain "open" for take out which is great for cooks, take out window and delivery people but what about servers? If the restaurant is open, is still making money albeit less than before, the owner can pay the servers and bartenders and perhaps not have to cut back on the checks for the cooks and delivery people.


I guess the more cynical would ask why the cooks still have to work to get a check and a server siting home gets a check but damn, some compromises have to be made here during a difficult time that will not ( fingers crossed ) last much longer.

Not a difficult decision to the Fascist DPST's - confiscate from opponents - and pay those who vote for you.

Until there are no more "opponents" to confiscate from.

Basic fate of socialism - which the fascist DPST's fail to understand. Originally Posted by oeb11

Your Lird and Saviour DJTrump is the one taking money from one hand and giving it to others!

He had alread had bigger deficits in his first 3 years than Obama's last three. Now he is threatening to beat Obama's first 4 years of deficits!

ftw is elbowing to be first in line for his/her handout!!!
"facts' are still ignored by the Fascist DPST's - whose second priority ( behind elbowing for a grater and greater share of the slop from the government trough) is shilling for the Chicoms about coronavirus.
No new cases in China - Right - several reasons - their government lies, their government lies, and their government lies.

Other causes - China refuses to test for cronavirus. China takes people with cornavirus symptoms and treats them with a 7.62. China no long has to lie about no new infections.



But Trump calling it the "Wuhan virus" has all the sensitive little DPST knickers in a snit. We must understand - that is the best the poor fascist DPST's are capable of doing - TDS - not anything constructive for America.



Thank you for the nonsense- ftw!

Do we find Italy CV numbers reliable?

Your Lird and Saviour DJTrump is the one taking money from one hand and giving it to others!

He had alread had bigger deficits in his first 3 years than Obama's last three. Now he is threatening to beat Obama's first 4 years of deficits! Originally Posted by WTF

why must you be forever uncritically critical?

the options are very limited and your attacks remain wanting in acuteness of judgment or critical analysis.

why must you be forever uncritically critical?

the options are very limited but your attacks are wanting in acuteness of judgment or critical analysis. Originally Posted by nevergaveitathought

There's the problem, expecting critical analysis from one who has never once offered any. Put him on ignore and save yourself some disappointment that he doesn't react the way you want him to. Just a suggestion. You will never get from this person what you are seeking.

NGIT, and HF - from two of the thoughtful posters on this forum, Agreed!!!