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(Bloomberg)   As Kudlow proposes public ownership of companies bailed out by the US, dems realize even AOC has been outflanked on the left by Republicans   (bloomberg.com) divider line
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1367 clicks; posted to Politics » on 19 Mar 2020 at 11:27 AM (20 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-03-19 10:24:26 AM  
He's a vulture, not a capitalist.
 
2020-03-19 10:33:27 AM  
By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?
 
2020-03-19 10:34:49 AM  
Speaking of AOC and Bernie.  At what point in time does it hit them that we're going to end up with Medicare for All because we have to have it.  The line so far has been "make companies provide insurance, and only slackers who can't work won't be covered".  There are millions of previously productive workers who won't be able to work because nobody is working, and won't be covered by insurance, and there is no way they can afford Cobra.
 
2020-03-19 10:35:46 AM  

AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?


media1.giphy.comView Full Size
 
2020-03-19 10:43:08 AM  

AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?


The gigantic pile of corporate money is largely a tech industry thing - Apple/Alphabet/Amazon/Facebook/Microso​ft have cash hoards that Smaug would envy while many other companies spent on buybacks.

Even the corporate world has a wealth concentration among the 1%
 
vpb [TotalFark]
2020-03-19 11:08:18 AM  

AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?


Stock buybacks.
 
2020-03-19 11:30:31 AM  
For god's sake Schumer was arguing against the 1000 bucks and suggesting small businesses take low interest loans, WHICH WILL NOT HELP.

Yeah it'll totally help to come out of this situation farking debt bound further, Schumer. Fark you.
 
2020-03-19 11:31:08 AM  
"One of the ideas is, if we provide assistance, we might take an equity position," Kudlow said Wednesday at the White House, adding that the 2008 bailout of General Motors had been a good deal for the federal government.

i.kym-cdn.comView Full Size
 
2020-03-19 11:32:14 AM  
i.redd.itView Full Size
 
2020-03-19 11:32:41 AM  
Maybe Obama could come back and run the government as an independent contractor?
 
2020-03-19 11:33:36 AM  

Ringshadow: For god's sake Schumer was arguing against the 1000 bucks and suggesting small businesses take low interest loans, WHICH WILL NOT HELP.

Yeah it'll totally help to come out of this situation farking debt bound further, Schumer. Fark you.


$1K isn't going to make much of a dent in an expensive city like SF or NYC. It'll go over great in East Bumblefark, Alabama but not anywhere worth living.
 
2020-03-19 11:33:40 AM  
Soshulizms? Soshulizms?!? What hath happened to the Rethuglican party?

Next thing you know they'll be saying they need to help the poor!
 
2020-03-19 11:33:51 AM  
Not sure why anyone cares what Kudlow thinks
 
2020-03-19 11:34:02 AM  
Kudlow's throwing shiat against the wall, seeing what sticks. Doesn't take a second to think about it first.

They're lost.
 
2020-03-19 11:34:44 AM  

Marcus Aurelius: He's a vulture, not a capitalist.


Po-TAY-to, po-TAH-to.
 
amb [TotalFark]
2020-03-19 11:35:49 AM  

AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?


Apple is still sitting on a mountain of cash. Last report I heard was over $200billion. A lot of companies have hoarded the cash they were expected to invest after the tax cuts.
 
2020-03-19 11:36:06 AM  
When National Socialism is no longer Socialism Socialism, it's called Patriotism.
 
2020-03-19 11:36:19 AM  

AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?


stock buybacks
 
2020-03-19 11:36:35 AM  
He's proposing turning billion dollar companies into political slush funds.
 
2020-03-19 11:36:45 AM  

alitaki: $1K isn't going to make much of a dent in an expensive city like SF or NYC. It'll go over great in East Bumblefark, Alabama but not anywhere worth living.


1K isn't a month's rent in most places, honestly. Trust me, I know, as a one-time payment that doesn't help very much and won't go very far to keep people from being evicted.
 
2020-03-19 11:36:50 AM  

alitaki: Ringshadow: For god's sake Schumer was arguing against the 1000 bucks and suggesting small businesses take low interest loans, WHICH WILL NOT HELP.

Yeah it'll totally help to come out of this situation farking debt bound further, Schumer. Fark you.

$1K isn't going to make much of a dent in an expensive city like SF or NYC. It'll go over great in East Bumblefark, Alabama but not anywhere worth living.


It would keep my kid fed until unemployment kicks in, so there's that.
 
2020-03-19 11:37:40 AM  

vpb: AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?

Stock buybacks.


Icarus_Rising: AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?

stock buybacks


*tiny fist, etc.*
 
2020-03-19 11:38:00 AM  

inglixthemad: Soshulizms? Soshulizms?!? What hath happened to the Rethuglican party?

Next thing you know they'll be saying they need to help the poor!


IT'S A TRAP!
 
2020-03-19 11:38:29 AM  
Trump went HEAVY on the bronzer today.  Gotdamn.
 
2020-03-19 11:38:36 AM  
Well, it only took the apocalypse for Republicans to realize that bad sh*t can happen to anybody, and that socialism is the answer that the free market can't provide. I'd like to hope the trend lasts, but...not holding my breath.

/Paul Ryan must be sh*tting his Superman footie pajamas
 
2020-03-19 11:38:46 AM  

Marcus Aurelius: He's a vulture, not a capitalist.


There is no difference anymore and hasn't been for years.
 
2020-03-19 11:38:49 AM  

BizarreMan: Speaking of AOC and Bernie.  At what point in time does it hit them that we're going to end up with Medicare for All because we have to have it.  The line so far has been "make companies provide insurance, and only slackers who can't work won't be covered".  There are millions of previously productive workers who won't be able to work because nobody is working, and won't be covered by insurance, and there is no way they can afford Cobra.


So you have not read Mitch McConnel's recent public statements on these matters?
It's not even worth discussing until after the election, and even then it depends on whether the incumbent is re-elected.
 
2020-03-19 11:39:21 AM  
Socializms in my stock market?

It's more likely than you think.
 
2020-03-19 11:39:44 AM  
Well, thank dog they aren't talking about socialism!
 
2020-03-19 11:40:25 AM  
Orange menace is talking. Anybody know how fast market is falling in real time?
 
2020-03-19 11:43:28 AM  

Serious Post on Serious Thread: Orange menace is talking. Anybody know how fast market is falling in real time?


CNBC is the maestro at this.  When he dropped the line about filling the SPR they had a Brent Crude graphic up in seconds.
 
2020-03-19 11:44:06 AM  

HotWingConspiracy: "One of the ideas is, if we provide assistance, we might take an equity position," Kudlow said Wednesday at the White House, adding that the 2008 bailout of General Motors had been a good deal for the federal government.

[i.kym-cdn.com image 634x484]


I can't make heads or tails of your response.  Bush handed out the funds.  Obama took office in January 2009.
 
2020-03-19 11:45:26 AM  
Coronavirus - proving once again that republicans know god damned well the importance of social programs and are just a bunch of self-serving malevolent pieces of shiat.
 
2020-03-19 11:46:14 AM  

Serious Post on Serious Thread: Orange menace is talking. Anybody know how fast market is falling in real time?


As of 11:45 it's up 1.71%, at 11:40 it was up 1.80%
 
2020-03-19 11:49:00 AM  

amb: AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?

Apple is still sitting on a mountain of cash. Last report I heard was over $200billion. A lot of companies have hoarded the cash they were expected to invest after the tax cuts.


How...but...I...

I thought I understood how this worked - Why would you wait until AFTER tax cuts to invest?  By investing rather than pulling the profit, you're reducing your tax load.  By investing AFTER tax cuts, that reduction is a smaller amount, isn't it?

In what universe does reducing taxes on profit incentivise business to invest?  If corporate taxes are high, then reinvesting int he company makes sense to reduce the tax load.  If corporate taxes are low, there's no incentive to reinvest, just take the profit and run.

This is a serious question - Am I missing something?  The entire concept of corporate tax cuts increasing investment in business seems flawed and backwards at face value.  It can't honestly be that stupid and obviously wrong, can it?  What am I not understanding here?
 
2020-03-19 11:49:33 AM  
So let me see if I have this straight. Nationalizing the airlines is saving capitalism but sick leave to private-sector workers forced to self-isolate is socialism?

At Highgate Cemetery, Karl Marx's head must be spinning at twice the speed of the rest of his body.
 
2020-03-19 11:51:16 AM  

tmyk: HotWingConspiracy: "One of the ideas is, if we provide assistance, we might take an equity position," Kudlow said Wednesday at the White House, adding that the 2008 bailout of General Motors had been a good deal for the federal government.

[i.kym-cdn.com image 634x484]

I can't make heads or tails of your response.  Bush handed out the funds.  Obama took office in January 2009.


Good luck explaining that to conservatives. It was unpopular among them when Bush pulled the trigger on it on the way out the door, so they decided it was game to blame Obama for a "socialist takeover".

It was the Obama Bailout to them, and it became a campaign theme for Romney. You don't remember them calling it "Government Motors" as soon as he came in to office?
 
2020-03-19 11:52:43 AM  

tinderfitles: Serious Post on Serious Thread: Orange menace is talking. Anybody know how fast market is falling in real time?

As of 11:45 it's up 1.71%, at 11:40 it was up 1.80%


It's currently "REBOUNDING!!,1," Soon it will "SOAR!,1!!"

Until overnight/tomorrow. Then we'll see "paring gains."
 
2020-03-19 11:53:25 AM  
Thanks, Obama.
 
2020-03-19 11:55:56 AM  
Is this actually something other than "give lots of tax money to private corporations"?
 
2020-03-19 11:56:19 AM  

brokendownyota: amb: AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?

Apple is still sitting on a mountain of cash. Last report I heard was over $200billion. A lot of companies have hoarded the cash they were expected to invest after the tax cuts.

How...but...I...

I thought I understood how this worked - Why would you wait until AFTER tax cuts to invest?  By investing rather than pulling the profit, you're reducing your tax load.  By investing AFTER tax cuts, that reduction is a smaller amount, isn't it?

In what universe does reducing taxes on profit incentivise business to invest?  If corporate taxes are high, then reinvesting int he company makes sense to reduce the tax load.  If corporate taxes are low, there's no incentive to reinvest, just take the profit and run.

This is a serious question - Am I missing something?  The entire concept of corporate tax cuts increasing investment in business seems flawed and backwards at face value.  It can't honestly be that stupid and obviously wrong, can it?  What am I not understanding here?


It's a scam. You've missed nothing.
 
2020-03-19 11:58:05 AM  

tmyk: HotWingConspiracy: "One of the ideas is, if we provide assistance, we might take an equity position," Kudlow said Wednesday at the White House, adding that the 2008 bailout of General Motors had been a good deal for the federal government.

[i.kym-cdn.com image 634x484]

I can't make heads or tails of your response.  Bush handed out the funds.  Obama took office in January 2009.


Bush Administration oversaw the Financial bailout, Obama Administration oversaw the automotive industry bailout (iirc it was already being looked at by both the legislative and executive branch before Obama clocked into work). And Obama caught hell for that bailout by the right wing establishment / media.

/ I assume Kudlow was among those that screamed about the government putting equity in a company. I don't care to go find out what the hell he has been doing.
// So yes Obama would be laughing at one of his detractors assuming his position as a viable economic solution.
/// I have only ever looked at Kudlows positions from a contrarian viewpoint to help shore up my investment strategy. And even then it ain't worth seeking out his guidance.
 
2020-03-19 12:01:53 PM  
Even Republicans like the idea of two-for-one F-35s.
 
2020-03-19 12:04:35 PM  

alitaki: Ringshadow: For god's sake Schumer was arguing against the 1000 bucks and suggesting small businesses take low interest loans, WHICH WILL NOT HELP.

Yeah it'll totally help to come out of this situation farking debt bound further, Schumer. Fark you.

$1K isn't going to make much of a dent in an expensive city like SF or NYC. It'll go over great in East Bumblefark, Alabama but not anywhere worth living.


Yeah I only care about people who live in expensive cities, too.

$1000? shiat that barely covers my wine and cheese budget, let alone the cost of my TotalFark subscription.
 
2020-03-19 12:08:08 PM  
They gone so far right they've popped back up on the left.
 
2020-03-19 12:10:26 PM  
This is just like the Civ glitch where if Ghandi goes too nice, he swings back 'round to the other side and starts threatening people with nukes.  Republicans went so far conservative that under the right circumstances they started championing liberal causes like Universal Basic Income.  This is only going to get weirder.
 
2020-03-19 12:11:12 PM  

SyphalisPhlaschly: tinderfitles: Serious Post on Serious Thread: Orange menace is talking. Anybody know how fast market is falling in real time?

As of 11:45 it's up 1.71%, at 11:40 it was up 1.80%

It's currently "REBOUNDING!!,1," Soon it will "SOAR!,1!!"

Until overnight/tomorrow. Then we'll see "paring gains."


As of 12:07pm the dow is up .47%....what a rebound.
 
2020-03-19 12:16:53 PM  

BizarreMan: AliceBToklasLives: By the way, what happened to all that money companies had due to quantitative easing and other policies? The money they were just sitting on a year or two ago? The money that was in the farking trillions? Where go?

[media1.giphy.com image 500x378]


I know he's a great example of excessive wealth, but at least Scrooge put in the work for that money.
 
2020-03-19 12:19:00 PM  

tinderfitles: SyphalisPhlaschly: tinderfitles: Serious Post on Serious Thread: Orange menace is talking. Anybody know how fast market is falling in real time?

As of 11:45 it's up 1.71%, at 11:40 it was up 1.80%

It's currently "REBOUNDING!!,1," Soon it will "SOAR!,1!!"

Until overnight/tomorrow. Then we'll see "paring gains."

As of 12:07pm the dow is up .47%....what a rebound.


S & P currently in the red.

We've now entered "pairing gains." farking finance writers.

Treasuries are acting wonky though. That's interesting.
 
2020-03-19 12:19:06 PM  
I've thought about something like this as an equivalent of prison for publicly-traded companies. The government seizes existing shares, issues more to itself until it has a 51% controlling interest, and returns the shares seized. For the term of the sentence, the government wields this controlling interest subject to a few rules (no voting for anything that would cause it to give up its controlling interest, for example), then sells those shares at the end of the sentence to help recoup the costs of this endeavor.

Done properly, it's a way to ensure that only the corporation faces any significant punishment, this preserving limitstion of liability: the only actual seizure happens for a very short time: if the process of seizure and issuance can be done by operation of law it would be basically instantaneous. Yet the corporation itself serves its time.
 
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