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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 705173"><p>We're already at round 3 I think. I suspect we'll have multiple additional rounds. Especially if the first check doesn't come until May and its only like $1200 per adult. Thats peanuts. Instead of giving a meaningful amount to individuals (and its our tax money anyway), they've created a long laundry list of pet projects and corporate handouts like they always do. I am sure there are a few critical industries that we ned to help, but there are bankruptcy laws that allow companies to restructure and remain in operation while they do. You always ask for trouble when you send a ton of money to a company. Any responsible CEO is going to cling to that like their life depends on it in a time like this and hunker down. What we need to be doing in a consumer based economy is to make unemployment close to their old pay, go month by month renewing it, and then a general cash pay out once a month to every one else. Because there are a lot of people who still have a job but are working less hours. Taking a bunch of money and giving it to a company who is then going to stick it in a vault and try and save as much as they can to survive doesn't accomplish much. Better to let them restructure so they're in a much better position when they do start up, and THEN give them money to help them restart.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 705173"] We're already at round 3 I think. I suspect we'll have multiple additional rounds. Especially if the first check doesn't come until May and its only like $1200 per adult. Thats peanuts. Instead of giving a meaningful amount to individuals (and its our tax money anyway), they've created a long laundry list of pet projects and corporate handouts like they always do. I am sure there are a few critical industries that we ned to help, but there are bankruptcy laws that allow companies to restructure and remain in operation while they do. You always ask for trouble when you send a ton of money to a company. Any responsible CEO is going to cling to that like their life depends on it in a time like this and hunker down. What we need to be doing in a consumer based economy is to make unemployment close to their old pay, go month by month renewing it, and then a general cash pay out once a month to every one else. Because there are a lot of people who still have a job but are working less hours. Taking a bunch of money and giving it to a company who is then going to stick it in a vault and try and save as much as they can to survive doesn't accomplish much. Better to let them restructure so they're in a much better position when they do start up, and THEN give them money to help them restart. [/QUOTE]
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