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Squinch

(59,051 posts)
4. Yes. There were all these companies that used the tax cut to buy back shares
Tue Jun 16, 2020, 08:32 AM
Jun 2020

to put money in their executives' pockets. They should have used the money to create a cushion to protect them in bad times.

But they didn't.

So NOW, the FED has said they will be buying stocks from these criminally badly run companies to keep them afloat, or rather, to keep their executives rich.

YOU AND I are paying for this. Because really, someone has to prop up the billionaires.

And YOU AND I should not be looking for any assistance like this from the federal government for those people who are having trouble meeting the rent and feeding their children. Because they're all just welfare queens and that $600 a month just makes them dependent.

This is the world we live in. And that's why the stocks are going up.

But don't worry. The crash will come and it will be inevitable. But we'll pay for that too.

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