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mr_lebowski

(33,643 posts)
Sun Mar 22, 2020, 06:09 PM Mar 2020

Let's not fall into the semantics trap of calling what's going to happen 'Stimulus'

This is going to be a BAILOUT, not 'stimulus'.

Obama's TARP plan was extremely comprehensive, involve all kinds of measures including tax rebates, help for community banks, extra money for medicaid, and all sorts of other stuff. I believe only around $300B was given to corporations.

And lets not forget that the companies that received TARP funds received them for PROVIDING GOODS AND SERVICES, and providing jobs. Roads, Infrastructure, solar panels, etc.

It was NOT a free handout. Further, there were strict limits on bonuses to execs working for companies, along with lots of other rules imposed.

What's about to happen is much more correctly a BAILOUT, like Bush did with the Banks in 2008.

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Let's not fall into the semantics trap of calling what's going to happen 'Stimulus' (Original Post) mr_lebowski Mar 2020 OP
Billionaire bailout fleur-de-lisa Mar 2020 #1
Rethugs truly are the party of big business. NoMoreRepugs Mar 2020 #2

NoMoreRepugs

(9,435 posts)
2. Rethugs truly are the party of big business.
Sun Mar 22, 2020, 06:12 PM
Mar 2020

Nothing else matters but protecting the Corporate Overlords - NOTHING.

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