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Response to Jose Garcia (Original post)

Thu Mar 26, 2020, 12:01 PM

65. AOC and Bernie have this one right,

I think. This is the biggest move to date in the far-right program of robbing the rest of us to give to the 1%.

Remember, these same corporations swore in 2017 they'd use their tax windfall to boost employees' pay. They didn't. They bought their own stock in order to boost shareholder value. Now they're cash-poor when a crisis arises. Who could possibly have predicted that?

I say not one more penny of taxpayer money to the corporations. Let's give direct relief to workers in the form of moratoriums on rent, mortgage, tax, and utility payments. That's the way to really help working families. Then let the feds help the affected companies on a case by case basis.

Lawmakers on Wednesday unveiled tougher oversight plans for the massive business bailout program at the heart of the latest coronavirus stimulus bill, after Democrats attacked the measure as an unchecked slush fund.


The effectiveness of the measures will hinge on how the new oversight entities are structured, what powers they have and perhaps most importantly who's selected to run them, according to watchdogs and veterans of the bank bailout oversight programs.


source: https://www.politico.com/news/2020/03/25/government-track-bailout-funds-148641

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