Biden Bails Out Losers With Worthless College Degrees

[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Massive amounts of PPP loans were given to companies that were never forced to close, as well as given long after they were allowed to reopen. The IRS is so backlogged with fraudulent PPP loans it is going to take them 20 years to get through them all, if they even bother.

Also, I don't owe jack shit.

Yea it's cringe to flaunt money but I just want you dipshit Trump cultists to see that I never had to work a day in my life if I didn't want to, and I still won the capitalism you supposedly hold so sacred. lol

I'm not denying there was fraud.

There will be fraud with the student loan forgiveness if it ever happens too.

You seem to think all PPP money went to Bill Gates or Elon Musk or something.

It didn't. It paid for payroll. MOST people have jobs. If their company fails, there goes their paycheck.

PPP money went directly to employees. I'm sure some were even college students.

[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

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nationalize it [You must be logged in to view images. Log in or Register.]

[Lune]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

I'm not denying there was fraud.

There will be fraud with the student loan forgiveness if it ever happens too.

You seem to think all PPP money went to Bill Gates or Elon Musk or something.

It didn't. It paid for payroll. MOST people have jobs. If their company fails, there goes their paycheck.

PPP money went directly to employees. I'm sure some were even college students.

Your problem is you seem to think the reason matters.

"Oh PPP is justified because without it, so many people would have been out of business and/or jobless!"

Yet without student loan / education reform, or some form of forgiveness, an entire generation will be saddled with such profound debt as to essentially be condemned to a life of wage-slavery with close to zero discretionary income to power the economy.

Yea, they shouldn't have taken out loans like that and then failed to find a good job. And yea, the businesses should recognize that apocalyptic shit can happen, and you need to have a rainy day fund to stay afloat in tough times, or to adapt and survive.

Bailouts are fucking nonsense both for businesses and individuals. Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.

[Encroaching Death]

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[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Your problem is you seem to think the reason matters.

"Oh PPP is justified because without it, so many people would have been out of business and/or jobless!"

Yet without student loan / education reform, or some form of forgiveness, an entire generation will be saddled with such profound debt as to essentially be condemned to a life of wage-slavery with close to zero discretionary income to power the economy.

Yea, they shouldn't have taken out loans like that and then failed to find a good job. And yea, the businesses should recognize that apocalyptic shit can happen, and you need to have a rainy day fund to stay afloat in tough times, or to adapt and survive.

Bailouts are fucking nonsense both for businesses and individuals. Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.

Bailing out student debtors doesn't produce anything; bailing out businesses do.

[Lune]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

Bailing out student debtors doesn't produce anything; bailing out businesses do.

Bailing out student debtors liberates a cross-section of society from financial ruin, freeing them to feed consumerism, have children, etc.

Bailing out businesses subsidizes failed entities that neglected to save for a rainy day or failed to adapt. Workers can go anywhere for a paycheck.

US airlines received over $54 billion in direct payments during the pandemic. Prior to the pandemic, they were shoveling money into buying up their own stock, rather than saving or re-investing to weather tough times. This should have cost them a large chunk of their companies, transferred to public ownership with a government representative put on the board to help prevent these kinds of fucking shenanigans in the future.

Corporate bailouts should come with a cost, otherwise it's just state capitalism Chinese-style.

Funny it's the liberals like me arguing for the free market these days

[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.

Everyone seems to think the average business is flush with cash.

It's just not true.

A ton of businesses don't even bring in profit at the end of the day. It all goes back into the business because they're not successful enough.

An interruption of 10 days can put a business down for good.

80% of the US is small business as well, so we're not talking Walmart or Amazon.

And for the last time, PPP IS for people who need it. The masses of people working and earning a paycheck.

College kids aren't the working class. They can go suck on daddy's dick for his credit card and borrow his BMW if they need to.

[Lune]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

A ton of businesses don't even bring in profit at the end of the day. It all goes back into the business because they're not successful enough.

An interruption of 10 days can put a business down for good.

... good?

If your business can't survive 10 days of interruption it's a shit business and should go under. Sorry. Free market. They'll be replaced by a savvier business.

[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Bailing out student debtors liberates a cross-section of society from financial ruin, freeing them to feed consumerism, have children, etc.

...

US airlines received over $54 billion in direct payments during the pandemic. Prior to the pandemic, they were shoveling money into buying up their own stock, rather than saving or re-investing to weather tough times. This should have cost them a large chunk of their companies, transferred to public ownership with a government representative put on the board to help prevent these kinds of fucking shenanigans in the future.

Funny it's the liberals like me arguing for the free market these days

Does it produce anything tho? Or just more money available for the same set of goods.

Liberals don't nationalize companies friendo.

[misterbonkers]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

Everyone seems to think the average business is flush with cash.

It's just not true.

A ton of businesses don't even bring in profit at the end of the day. It all goes back into the business because they're not successful enough.

An interruption of 10 days can put a business down for good.

80% of the US is small business as well, so we're not talking Walmart or Amazon.

And for the last time, PPP IS for people who need it. The masses of people working and earning a paycheck.

College kids aren't the working class. They can go suck on daddy's dick for his credit card and borrow his BMW if they need to.

yeah man, god forbid anybody try to give their kids a better life than they had by sending them off to colleges with predatory lending structures [You must be logged in to view images. Log in or Register.]