I am waiting for that switch.
"Trump ruined the economy by not opening it up sooner." I know it is coming.
Of course. And they'll also say that he never should have given the power to the governors. It was the Fed's responsibility.
Another blame will be when everyone figures out like I have already said what scam the small business giveaways are. All it's doing is making small business owners richer by laying off their employee costs to the taxpayers. They're all schmucks. Mnuchin, Trump, Schumer, Congress, media, the entire gaggle. And they want to give away another $350 billion. What buffoons.
Here's how it the scam works. Let's say you're Mr. Pillow, that guy from Minnesota who's on TV all the time. He's got around 200 people in his plant making pillows. Let's say they make $500 a week each, or $100,000 total. He can get a loan through his bank guaranteed by the government Small Business Authority for eight weeks salaries. As long as he pays the salaries, he doesn't have to repay the loan. So of course he pays them and keeps making pillows. So the government gives him $800,000 for 8 weeks pay. That goes to his bottom line and profit since he has no salaries for 8 weeks and he's $800,000 richer at taxpayer expense. The government picked up his labor costs.
Even if your company is working at partial capacity, let's say a small film developing outfit with five people instead of the normal 8 people, all those 5 salaries are reimbursed. So the business owner is saving on salaries and he's keeping the "loan" that doesn't have to be re-paid as bottom line profits. The business owner may be including himself. After all, if he's ana employee of the corporation, then his salary is reimbursed to by us taxpayers. And Businessman Mnuchin thought of this? And the Dems are going along with it and even pushing for more loan money because they already gave away the first $350 billion in two weeks. Trump wants more too. The entire Federal government has gone nuts, stupid nuts. When the taxpayers realized what just happened there's going to be a storm. Of course, the president, and all the democrats and republicans, and media, and everyone will defend the program to protect themselves. And the poor taxpayers will wonder why they're even poorer.