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Sun Mar 15, 2020, 11:43 AM

The talking heads on the Sunday news

Are talking about bailouts for the airlines, entertainment industries, cruise lines, etc.

As individuals, we have to save money if we want a safety blanket. We pay out the ass for insurance. If we do not prepare, we go down. If I don't carry insurance and a storm wipes out my house, I am shit out of luck. If I don't carry health insurance and I get really sick, the hospitals will hound me into the ground for their money.

In the markets it appears that as long as they are making money, everything is groovy. They sure as hell don't share out their winnings. When they lose they go crying to the government to bail their sorry asses with our money. Something is bad wrong with our system. If we can't afford health care we can't afford to bail out rich people.

If industries pay out too much in dividends and don't keep a reserve, to hell with them. let them loose their business to failure to prepare. Someone else will take up the slack and sink or swim on their own merits. Let the big boys suffer for a change. Their trickle down theories have been working to steadily drive the working people down. It is time we "trickled on their legs for a change.

It is not an entrepreneurial system without risk. There is no risk if they can depend on being bailed out.

en∑tre∑pre∑neur
/ˌšntrəprəˈnər,ˌšntrəprəˈno͝o(?r/
Learn to pronounce
noun
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
"many entrepreneurs see potential in this market"


The Senate will come back on Monday and throw peanuts at the working people, while the real money goes to the investors.
You can bet that Delta will be getting money from this disaster far before Dad will.

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Arrow 8 replies Author Time Post
Reply The talking heads on the Sunday news (Original post)
Chainfire Mar 2020 OP
dchill Mar 2020 #1
The Velveteen Ocelot Mar 2020 #2
Chainfire Mar 2020 #4
The Velveteen Ocelot Mar 2020 #6
Wellstone ruled Mar 2020 #5
The Velveteen Ocelot Mar 2020 #7
Wellstone ruled Mar 2020 #8
mr_lebowski Mar 2020 #3

Response to Chainfire (Original post)

Sun Mar 15, 2020, 11:52 AM

1. Anyone can see that "trickle down" is actually...

..."pump up."

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Response to Chainfire (Original post)

Sun Mar 15, 2020, 11:54 AM

2. Don't forget that the industries that might get bailed out have many employees

who are being laid off or losing their jobs right now. I worked for a major airline on 9/11, which hit that industry very hard, and while I didn't lose my job a whole lot of other people did, and all the major airlines had to file bankruptcy a few years later. It was a tough time for everyone, especially the people who found themselves unemployed. This epidemic will be even worse. All of these financial disruptions hit the rank and file employees hardest. It's easy to rail at the CEOs and investors but don't forget who will get hurt the worst.

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Response to The Velveteen Ocelot (Reply #2)

Sun Mar 15, 2020, 12:01 PM

4. I have heard that until I am sick of it.

Allowing a company to die on the vine does not remove the demand for services, nor the need for employees. There will be someone else waiting in line who can perhaps do a better job and offer their employees security based upon financial strength rather than taxpayer bailouts. The Republicans don't want welfare for the poor, we shouldn't give welfare to the rich.

This may be a good damn time for leveling some playing fields.

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Response to Chainfire (Reply #4)

Sun Mar 15, 2020, 12:04 PM

6. I hope you don't lose your job. It sucks.

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Response to The Velveteen Ocelot (Reply #2)

Sun Mar 15, 2020, 12:04 PM

5. Sad part was,the

 

CEO's of those Airlines used 9/11 to divide and conquer the Labor Unions on that Property. Was there and saw it in real time. And yes,we the Minions took the hit.

Same thing is happening in real time today. Thousands were laid off or fired yesterday here in Vegas. Again,the folks who could not afford the hit.

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Response to Wellstone ruled (Reply #5)

Sun Mar 15, 2020, 12:05 PM

7. I saw the AMFA strike in real time too.

But AMFA screwed up the negotiations pretty badly as well - I don't think they did their members any favors.

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Response to The Velveteen Ocelot (Reply #7)

Sun Mar 15, 2020, 12:18 PM

8. Yes,that one was pure ugly.

 

Always remember this,if you want the real scoop about a Company,ask the Custodial people or the kid in the Mail room.

As someone whom provided Business to Business Service and Sales. One thing I learned from the get go,do not get caught not knowing what is around the corner and if you have a hunch. Make sure you find out if that hunch is true or otherwise. The two mentioned sources prevented the loss of many a paycheck. When your livelihood is Base plus Commission,you learn if you got bills to pay,you do your DD.

Again,that American Deal, the smell never left their Business Office.

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Response to Chainfire (Original post)

Sun Mar 15, 2020, 11:59 AM

3. The only way this makes sense is if they're required by law to use it to support workers

We saw how it went with the banks during the 2008 bailout, when they were handing out executive bonuses with our money.

THIS time ... execs need to tighten their belts and workers need to receive the bailouts.

But ... that likely won't be what happens ... cause it never is.

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