Tweet of the night:

[applegrove]

Link to tweet

[tblue37]

1. K&R for visibility. nt

[malaise]

2. The truth

Rec

[malaise]

3. The truth

Rec

[brush]

4. Brilliant. Bernie should keep explaining stuff in plain English like this...

so regular folks not into politics so much like us DUers can get it immediately.

Not mentioning the word socialism is also smart since it's still toxic to many.

[applegrove]

5. Bernie should write for the WH. He explains things better than anyone.n/t

[BeckyDem]

6. Yes, yes and yes.

K&R

[mountain grammy]

7. I love David Cay Johnston

and Bernie Sanders! This is truth!

[not fooled]

23. Yes!

David Cay Johnston, Charlie Pierce, Malcolm Nance, and Elie Mystal are my favorite guests on news shows.

[George II]

8. It should be noted that the "Wall Street bailout" returned a profit to the US Treasury....

About $245B was invested by the Treasury and the payback was more than $250B, some say the profit was about $10B.

[applegrove]

10. Over what period of time?

[George II]

17. From the time the money was invested until the time it was repaid.

[applegrove]

19. Was it a year? 6 month's? 2 years? 5?

[tclambert]

9. But billionaires work so hard for their money! Why, some of them had to wait decades to inherit

their fortunes from their parents.

[YoshidaYui]

11. This this

This!

[spanone]

12. K&R

[onecaliberal]

13. Truth bomb!

K&R

[Rhiannon12866]

14. Twitter reply:

Link to tweet

[applegrove]

15. Excellent! Thanks Rhiannon.

[Rhiannon12866]

16. A lot of the Twitter replies are better than anything I could come up with!

[George II]

18. In the case of the "Wall Street bailout", it was an investment which was repaid at a profit.

[applegrove]

20. But how much profit was made and what time period?

[George II]

21. If there was a profit, it wasn't a loss or, in many people's terms, a "bailout"....

It was an investment that resulted in a profit AND had billions of dollars in peripheral profit or benefit.

[applegrove]

22. Wikipedia

"SNIP.....

Early estimates for the total cost of the bailout to the government were as much as $700 billion, however TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.[3]

......

Other information

A review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that "few [banks] cited lending as a priority. An overwhelming majority saw the bailout program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses, or invest for the future."[195]



....SNIP"

https://en.m.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008

That money invested somewhere else (the stock market) would have made 6% a year. Maybe more. 15B is not 6% a year on a $441 billion. So it was a billion dollar bailout.

[KS Toronado]

28. Could tax breaks & tax loopholes be considered ongoing daily "bailouts"?

[Laura PourMeADrink]

24. Wish he had said... "Crazy, absurd defence budget $$"

WTH do we need 1 1/2 million active troops for?

Elephant in room.

[MustLoveBeagles]

25. K&R

[Blue Owl]

26. Yup

The GOP’s great billionaire bailout

[Tadpole Raisin]

27. Bernie is really hitting his stride

Thanks to Joe Biden for recognizing his value.

[Brother Mythos]

29. Well said!

[JoeOtterbein]

30. I wish we had more honest and smart politicians like...

...BERNIE!

[Ferrets are Cool]

31. No truer words ever spoken

[yonder]

32. Kickin it, kickin it good.

[calimary]

33. That's a good one!

THEY'RE the ones getting the free stuff - at the expense of the rest of us.

[liberalla]

34. Excellent!