31 Aug 2022 7:35 am
In general, I am opposed to government bailouts. I'm sure examples exist where a case can be made they are necessary to the national interest, but those are the exception.SJConspirator » 31 Aug 2022, 12:16 am » wrote: ↑ during Covid lockdowns, billionaires got TONS of free money from taxpayers. Airlines got bailed out. Did you cry about that too, or is it only upsetting when Main Street gets a break instead of Wall Street?
https://www.newsweek.com/elon-musk-net- ... rg-1623211
https://www.washingtonpost.com/business ... -pandemic/
https://www.theguardian.com/world/2021/ ... -elon-musk
If a business cannot plan/forecast properly and doesn't have the ability (or will) to take action when "**** happens" ...that's their problem.
I was also opposed to lockdowns during the COVID rage. There had to be a better approach than shutting down half the economy. I give politicians a little break because it was the first pandemic with a internationally integrated economy, most people were "flying blind". It didn't help that the "science" everyone was saying to trust kept changing. However, I think the better approach would have been to "scream" COVID is serious and likely fatal if you are elderly and/or immune compromised ..but let businesses continue to operate at some level with the suggestion/mandate for mask and distancing. That said, Congress (both parties) enacted legislation that provided relief/assistance via the Payroll Protection Program and established parameters that allowed for automatic forgiveness. Forgiving the loans if used as Congress intended should apply to all businesses. If Congress didn't want "billionaires" to benefit (even though the loans benefited workers), Congress should have written the law differently.