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gab13by13

(32,318 posts)
Wed Apr 29, 2020, 05:36 PM Apr 2020

Taxpayers (borrowed money)

the Fed and central banks pumped trillions of dollars into Wall Street. It seems to me that as long as these banks and corporations keep getting bailed out they don't care about consumer spending.

We shall see how far supply side economics carries them when consumer confidence and consumer spending keeps dropping.
There are going to be around 1 million small businesses go bankrupt because Trump bailed out Big business. I knew it would be a problem to give Trump all of that money with no oversight. Shit, they gave the LA Lakers 5 million dollars and the Lakers qualified for a small business loan because they have fewer than 500 employees (400) and 300 temp workers. The Lakers are worth 4 billion dollars.
Yeah they gave the money back and that's the only way we know they got it but how many other Big businesses didn't return the money?

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