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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. TigerVols

    TigerVols Well-Known Member

    Completely true; full disclosure, I was one of those stockholders who profited handsomely from BA over the years, and managed to get out in time to save most of what I'd made before the 737 Max fiasco really took hold.

    What these past couple of weeks have shown us all is that Republicans truly are socialists at heart, as long as the largesse only goes to corporations. Which IIRC makes them more fascist, than socialist, now that I think about it.
     
    TigerVols, Mar 17, 2020
    #167101
    OscarMadison likes this.
  2. Michael_ Gee

    Michael_ Gee Well-Known Member

    Boeing is a vital cog of the military-industrial complex. No US government, not even one led by President Bernie Sanders or President Rand Paul, could ever dare to allow it to fail.
     
    Michael_ Gee, Mar 17, 2020
    #167102
  3. goalmouth

    goalmouth Well-Known Member

    GE's been out of the bulb business for years and was recently kicked out of the DJIA. Nothing lasts forever.
     
    goalmouth, Mar 17, 2020
    #167103
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    Anyone talking about "my 401(K)," and giving absolutely no thought to the destruction we were sowing while Trump was idiotically doing "Stock market record!" tweets (although the bubble had already been blown when he came in), was essentially cheerleading where Boeing, Delta, Exxon are today. I wish they had understood it.

    Those companies were all "returning cash" to shareholders while running up their debt levels, because that is the incentive created when the price of money is being fixed by a cabal of central banking czars. They punish savers, so it sends everyone reaching for yield and that destroys all risk assessment in the debt markets. It's "free money"! The companies then have the incentive to borrow -- there is no price -- and use any scheme possibly to hand that cash over to shareholders who are giddy about it.

    On top of it, you have trillions of dollars of debt funding zombie companies with no earnings that simply had to keep borrowing more forever to service the mountain of debt they piled up. A big example of that that you all know. ... Tesla. Watch what happens to that company now that its access to capital is cut off. We created a surival of the unfittest society. But they can't borrow right now -- the credit markets are in turmoil. So the central bank is frantically trying to do MORE of the disease and selling it as the cure.

    It's insanity to me.
     
    Last edited: Mar 17, 2020
    The Big Ragu, Mar 17, 2020
    #167104
    SFIND, FileNotFound, TigerVols and 1 other person like this.
  5. Inky_Wretch

    Inky_Wretch Well-Known Member

    China is reportedly kicking all Western journalists out of the country - including Hong Kong. That sounds very not good.
     
    Inky_Wretch, Mar 17, 2020
    #167105
  6. Neutral Corner

    Neutral Corner Well-Known Member



     
    Neutral Corner, Mar 17, 2020
    #167106
  7. garrow

    garrow Well-Known Member

    Every second this bastard is POTUS, it does a lifetime of damage.

     
    garrow, Mar 17, 2020
    #167107
    lakefront likes this.
  8. goalmouth

    goalmouth Well-Known Member

    I thought Tesla's come-to-Jesus moment was last fall with its bonds, no?
     
    goalmouth, Mar 17, 2020
    #167108
  9. Neutral Corner

    Neutral Corner Well-Known Member

     
    Neutral Corner, Mar 17, 2020
    #167109
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    Tesla's stock price was shooting to the moon as recently as 5 weeks ago, and just a month ago, the company used that ridiculous stock pice as a currency to raise yet another $2 billion to burn through. The company has been a cash incinerator, but as recently as last month you had people eagerly lined up to buy $2 billion worth of equity, even as it diluted the existing equity. That doesn't sound like a come to jesus moment to me. A come to jesus moment will be when they can't keep the electricity on and there is no way to raise more money.
     
    The Big Ragu, Mar 17, 2020
    #167110
  11. Neutral Corner

    Neutral Corner Well-Known Member

    https://www.washingtonpost.com/us-policy/2020/03/17/trump-coronavirus-stimulus-package/


    "The Trump administration expressed support on Tuesday for sending direct cash payments to Americans in the next two weeks as part of a massive economic stimulus package that is taking shape in Washington, something the White House hopes could stanch the economic free fall caused by the coronavirus.

    “We’re looking at sending checks to Americans immediately,” Treasury Secretary Steve Mnuchin said Tuesday. “And I mean now, in the next two weeks.”

    The cash payment idea, which originated in Congress, is part of a roughly $850 billion stimulus plan that the White House is trying to push into law as soon as possible. It could become one of the largest federal emergency fiscal packages ever assembled.

    In addition to direct cash payments, the White House wants the legislation to include support for businesses, aid for the airline industry, and a range of other measures. And to further try and stabilize the economy, the Treasury Department and Federal Reserve took a step Tuesday to make it easier for companies to borrow money, while the White House gave more flexibility to taxpayers to delay payments they owe next month for an addition 90 days."

    House pares back paid sick and family leave benefits in coronavirus bill - CNNPolitics
     
    Neutral Corner, Mar 17, 2020
    #167111
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    Hmmm. Should we put it on the Visa or the Mastercard, honey?
     
    The Big Ragu, Mar 17, 2020
    #167112
    SFIND likes this.
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