Unaffordable bailouts and buybacks: Bend over, here it comes again!

[bulletbob]

Perhaps you need to read what is required toreceive that money, what it needs to be used for, and how it is not automatically 'given' it is loaned.

But no nevermind, let's go with the idea that the corporation will go have a booze party at some resort in the Caymans, shall we?

Pjl read lol unless it come as a directive from his spunklessnut news boss or commie today in china, besides hes been proven wrong so many times its best just to assume what ever he has to say is wrong.
some times I could swear he is using a different internet then the rest of the world

[Hoosier8]

It remains to be seen what the corporate sector does with it's $500billion in bail-out money . The point is , unless that money is used to support jobs and the economy , they don't have a need to be getting anything at all . If so , it should have been pumped straight into health care , or to support the growing numbers of unemployed, until they can get back to work.

It's not bailout money. The law is clear.

[PJL]

You were spot on all the way to the end... with additional records and filings, some or all may become a grant if compliance to the rules can be proven. End result, people may still have jobs when it's all said and one.

That's why , Hoosier , I said that it would depend on how the money was spent . If the corporate money ends up as more share buy backs , it will be no different from whats been happening since 2009 . If it's used to support employment , NOW , it will be effective . If it's used to support corporations until this virus has passed , it will be nothing but more wealth transfer to corporations that don't even need it.

[bulletbob]

That's why , Hoosier , I said that it would depend on how the money was spent . If the corporate money ends up as more share buy backs , it will be no different from whats been happening since 2009 . If it's used to support employment , NOW , it will be effective . If it's used to support corporations until this virus has passed , it will be nothing but more wealth transfer to corporations that don't even need it.

Can you even read plj seriously

[Peter1469]

Recall that the Kennedy Center got a $25M bailout so they could pay their employees and bills. Yet, they fired most of their employees anyway.

Kennedy Center for the Performing Arts executives lobbied lawmakers for a $25 million handout in the massive coronavirus stimulus package signed into law by President Trump last week but were planning to lay-off staff regardless, leaked audio of an internal conference call reveals.

In the March 26 call, KCPA President Deborah Rutter told more than 200 employees at the Washington, D.C. cultural institution to brace for lay-offs, pay cuts and furloughs despite receiving a large carve-out in the $2 trillion emergency economic bailout for Americans and businesses financially devastated by the outbreak, which made headlines last week.


Rutter revealed how the organization deployed a lobbyist to push Capitol Hill lawmakers to include them but said it would not help with staff retention because they were already running out of cash, according to the audio first reported by One America News’ Jack Posobiec.


“We are really grateful for this $25 million, but I will tell you that it does not keep us whole,” Rutter said, acknowledging the bailout had made them “the target for a lot of unhappy people who believe we are taking the money away from sick people.”

***

In an email Tuesday, the organization confirmed 725 part-time staff had been impacted and another 60 percent of the center’s full-time administrative staff would also be furloughed until at least May 10.

I heard on the radio this morning that there is a move in Congress to take the $25M back. Not sure if it will pass.

[Collateral Damage]

That's why , Hoosier , I said that it would depend on how the money was spent . If the corporate money ends up as more share buy backs , it will be no different from whats been happening since 2009 . If it's used to support employment , NOW , it will be effective . If it's used to support corporations until this virus has passed , it will be nothing but more wealth transfer to corporations that don't even need it.

One more time. If they do not use the funds as designated it is a loan and must be paid back.

Capisce?

[Hoosier8]

That's why , Hoosier , I said that it would depend on how the money was spent . If the corporate money ends up as more share buy backs , it will be no different from whats been happening since 2009 . If it's used to support employment , NOW , it will be effective . If it's used to support corporations until this virus has passed , it will be nothing but more wealth transfer to corporations that don't even need it.

Can you read? They get loans, not bailouts.

[Collateral Damage]

Recall that the Kennedy Center got a $25M bailout so they could pay their employees and bills. Yet, they fired most of their employees anyway.
I heard on the radio this morning that there is a move in Congress to take the $25M back. Not sure if it will pass.

There is a time frame that an employer can reduce their staff, but must regain at least 75% employment by (currently) June 30, based on pre COVID-19 numbers for the same period in 2019. (adjustment for seasonal fluctuations).

The cash dump for the Kennedy Center is a joke. They should be treated no differently than any other entity.

[Hoosier8]

Recall that the Kennedy Center got a $25M bailout so they could pay their employees and bills. Yet, they fired most of their employees anyway.



I heard on the radio this morning that there is a move in Congress to take the $25M back. Not sure if it will pass.

Nancy wants a tax break for millionaires in the next package.

[Hoosier8]

There is a time frame that an employer can reduce their staff, but must regain at least 75% employment by (currently) June 30, based on pre COVID-19 numbers for the same period in 2019. (adjustment for seasonal fluctuations).

The cash dump for the Kennedy Center is a joke. They should be treated no differently than any other entity.

We are getting a two week unpaid furlough for salaried people. Could be extended.