Stock Market Crash

[Liquid Karma]

Fortunately, my financial well-being hasn't been affected at all by coronavirus yet. There's no need for me to get a check. In fairness to Trump, he also said there was no need for millionaires to be receiving a check either (they'll get theirs from other bailouts). That said, I do wonder what is the most effective way of getting money to service industry workers or gig workers who have already lost their income without throwing away money to people like me who don't need it. Seems like there is a ton of room for corruption/waste whether it is handled at the federal, state or local level. I honestly have no idea what the right answer is but a check to everyone doesn't seem the best use of resources.

If you do get a check, perhaps target a local restaurant for takeout for a few weeks and tip the shit out of the employees?

Aren't you in the travel industry? Feels like that is going to be hit hard...

 

[HuskyDeac]

If you do get a check, perhaps target a local restaurant for takeout for a few weeks and tip the shit out of the employees?

Aren't you in the travel industry? Feels like that is going to be hit hard...

I'm already giving to a few local businesses and will continue through the crisis, just know it will be a lot of wasted money if everyone regardless of their situation ends up with a check.

Yeah, it's hitting the industry really hard, but our company is pretty well situated to ride it out for now. Not the case for a lot of smaller or less balanced companies.

 

[JuiceCrewAllStar]

 

[PhDeac]

They never stop being assholes.


https://twitter.com/rfhyde1/status/1239960261231955968

 

[Liquid Karma]

That is spectacularly bad.

 

[PhDeac]

That is spectacularly bad.

These are the deplorables Hillary warned us about and 60 million Americans chose.

 

[deactherunner]

Is that the guy that was "drunk texting" Parnas about surveilling the Ukraine ambassador?

 

[Highland Deac]

These are the deplorables Hillary warned us about and 60 million Americans chose.

But Trumpite Republicans don't hate and fear immigrants and foreigners. Surely not.

 

[dartsndeacs]

So Airlines the past decade have spent 96% of their free cash flow on stock buybacks. Now the stocks are tanking. So bailing them out is just rewarding them for their own bad bets.

 

[Highland Deac]

So Airlines the past decade have spent 96% of their free cash flow on stock buybacks. Now the stocks are tanking. So bailing them out is just rewarding them for their own bad bets.

Corporate socialism is a long-standing American tradition. Most Republicans don't even blink at taxpayer handouts and bailouts and other goodies for corporations, including the ones that have made bad business and financial decisions, or given extravagant salaries and benefits to executives who suck. It's the democratic socialism for individuals and families who are down on their luck and need a helping hand that bothers them so much and rustles their jimmies.

 

[DistrictDeacon]

So Airlines the past decade have spent 96% of their free cash flow on stock buybacks. Now the stocks are tanking. So bailing them out is just rewarding them for their own bad bets.

I’m ok with low interest loans as long as their executives have to cash in all their stock options at the bottom of the market.

 

[dartsndeacs]

I’m ok with low interest loans as long as their executives have to cash in all their stock options at the bottom of the market.

I'm OK with low interest loans too, but that won't prevent them from going bankrupt, because they burned all their cash betting on their own stock price

 

[JuiceCrewAllStar]

all while making it less pleasant to fly

 

[PhDeac]

I'm OK with low interest loans too, but that won't prevent them from going bankrupt, because they burned all their cash betting on their own stock price

#4 in the Ten Crack Commandments. Never get high on your own supply.

 

[WakeForestRanger]

 

[bmoneydeac]

Only hope is Dems take WH and Senate and she becomes majority leader. Fucking sucks she’s not going to be our president.

 

[WFU Lurker]

If share buybacks are forbidden, why aren't dividends? They serve the same purpose.

I just don't get why they raise so much ire. They return money to shareholders to be invested elsewhere. Not sure why they are somehow the ultimate mark of greed.

 

[ImTheCaptain]

If share buybacks are forbidden, why aren't dividends? They serve the same purpose.

I just don't get why they raise so much ire. They return money to shareholders to be invested elsewhere. Not sure why they are somehow the ultimate mark of greed.

because why would the government bail out a company so they can turn it around in a way that only benefits the investors?

 

[Deacfreak07]

Only hope is Dems take WH and Senate and she becomes majority leader. Fucking sucks she’s not going to be our president.

TITCR.

 

[avalon]

If share buybacks are forbidden, why aren't dividends? They serve the same purpose.

I just don't get why they raise so much ire. They return money to shareholders to be invested elsewhere. Not sure why they are somehow the ultimate mark of greed.

Corporate tax cuts are pitched as a way to grow the economy by enabling companies to pay their employees more and invest in their businesses in ways that would create more jobs.

Because they knew "hey, if companies pay less in taxes they can funnel excess cash to their shareholders" would be unpopular.