RE: That didn't take long... (Big Business cashes in on small business bailouts)
05-02-2020, 05:57 PM
05-02-2020, 05:57 PM
And yet the people in the USA are not getting bailed out the way the businesses are. They are getting nothing or not even a month's expenses and told they need to last two and a half months on that while they're already short on money and loaded with debt.
Hell, it would not be so vexing if those businesses needed it, but they only gave it back because they got caught, not because they had no need for it. There's a difference between a company that goes on the dole, cuts wages for everyone while the top level management takes a similar cut or even foregoes all payment and bonuses, and simply doesn't give out dividends to their investments, and a company that begs the government for money, fires everyone they can and cuts wages of everyone they can't fire while the top level management keeps raking in the money while every penny they saved and managed to beg from the government they gave out as dividends or stock buybacks or any other trick that made the owners richer.
It's expected of the general public that they have at least a year's worth of expenses saved up for emergencies and blamed for their problems when they don't and have to pay up anyway. But big business? They move vast sums of money but they stand on thin relative values, with not a month of operating cash.
Hell, it would not be so vexing if those businesses needed it, but they only gave it back because they got caught, not because they had no need for it. There's a difference between a company that goes on the dole, cuts wages for everyone while the top level management takes a similar cut or even foregoes all payment and bonuses, and simply doesn't give out dividends to their investments, and a company that begs the government for money, fires everyone they can and cuts wages of everyone they can't fire while the top level management keeps raking in the money while every penny they saved and managed to beg from the government they gave out as dividends or stock buybacks or any other trick that made the owners richer.
It's expected of the general public that they have at least a year's worth of expenses saved up for emergencies and blamed for their problems when they don't and have to pay up anyway. But big business? They move vast sums of money but they stand on thin relative values, with not a month of operating cash.