Drudge Retort: The Other Side of the News
Sunday, March 22, 2020

The White House on Sunday reportedly refused to back down from its demand that a coronavirus relief package include $500 billion, which would be provided to corporations at the discretion of Treasury Secretary Steve Mnuchin.

Advertisement

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Repugs Want To Give $500 Billion Slush Fund To Mnuchin

The cost to end the Homeless Crisis was estimated at 80 Billion. We were told we could not afford that.

#1 | Posted by oldwhiskeysour at 2020-03-22 06:36 PM | Reply | Newsworthy 9

White House standing firm on the proposal after some Democrats called it a "slush fund."

Excuse me while I repeat a conversation on another thread:

"He's [Trump] is throwing money at a problem that needs leadership." ~~ Posted by Twinpac

"It's not him [Trump] - it's Congress. Posted by Andreamackris

What say you NOW Andreamackris? Still think it's not Trump?
`

#2 | Posted by Twinpac at 2020-03-22 08:06 PM | Reply | Newsworthy 2

Republicans are scum.

#3 | Posted by jpw at 2020-03-22 08:11 PM | Reply | Newsworthy 1

Steve Mnuchin ~ LOL

No oversight? ~ LOL

This is Trump with his hands in the cookie jar again.

Maybe he thinks $500 Billion should be his parting gift in November.

Maybe it's for "The Wall"

Maybe he owes "somebody" some serious money. (Saudi Arabia)

Maybe he thinks this is his last chance to rip off the taxpayers for one last bundle.

#4 | Posted by Twinpac at 2020-03-22 08:22 PM | Reply | Newsworthy 1

Who cares.

This administration is -----.

And their supporters beyond idiotic.

#5 | Posted by jpw at 2020-03-22 08:26 PM | Reply

Corruption,c-o-r-r-u-p-t-i-o-n, get it. Impeachment again ANYONE.

#6 | Posted by Effeteposer at 2020-03-22 10:48 PM | Reply

I say NO money to businesses. Give money to people. Businesses will die, but that is ok. That is the risk you take when starting a business. But if the people get through this fine, they will have money to spend, and businesses will be there to take that money (either businesses that survived or new ones will be created). And those businesses will hire people to produce the products (or services) to get the money provided by the demand. DEMAND is what drives the economy. Protect the people and the demand, and through the demand the economy, is protected.

#7 | Posted by gtbritishskull at 2020-03-22 11:13 PM | Reply

Yah no money to business. They can borrow money from their creditors. Don't fall for we need to save the rich again.

#8 | Posted by bored at 2020-03-22 11:30 PM | Reply | Newsworthy 1

Poll employees of businesses and they won't agree. I love the company I work for. Yes, they need some bail outs but they will use it to pay employees, including me because they are great people not uncaring corporations. Small businesses should be bailed out, large businesses should probably be bailed out too with some restrictions on how that money can be used. Millions of us work for companies, small, medium and large. Just do it intelligently sot the money goes where it was intended.

#9 | Posted by danni at 2020-03-22 11:31 PM | Reply

No money to business. They can take loans.

OMG wrt this half trillion slush fund. Damn!

#10 | Posted by BruceBanner at 2020-03-22 11:36 PM | Reply

Advertisement

Advertisement

"This is a tremendous opportunity to restructure things to fit our vision," Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call.

This is about Dems wanting to further their political views.

People will die. Businesses will close.

People will die, so Dems can kill more babies...

#11 | Posted by sawdust at 2020-03-23 12:17 AM | Reply | Funny: 1 | Newsworthy 1

People will die, so Dems can kill more babies...

#11 | POSTED BY SAWDUST AT 2020-03-23 12:17 AM | REPLY

WINNING!

#12 | Posted by Alexandrite at 2020-03-23 12:19 AM | Reply

Babies are annoying, good riddance.

#13 | Posted by bored at 2020-03-23 12:27 AM | Reply | Funny: 3

"This is a tremendous opportunity to restructure things to fit our vision," Majority Whip James Clyburn (D-S.C.) told lawmakers, according to a source on the call.

This is about Dems wanting to further their political views.

No dumbasterisk, it's about Democrats wanting to make sure that all Americans are taken care of in this unprecedented crisis especially the most vulnerable ones, not just big business.

It's not a political view, or does the right wing think that any concept of "the common good" now only belongs in history books instead of governmental actions?

#14 | Posted by tonyroma at 2020-03-23 12:42 AM | Reply | Newsworthy 3

"the common good"

The right-wingers are adamant that when the Constitution says
"promote the general welfare"
it can't possibly mean
"health care for all"

#15 | Posted by snoofy at 2020-03-23 02:01 AM | Reply

a provision of the $500B bailout fund proposed by GOP would allow Mnuchin to delay making public for up to 6 months "names of applicable eligible businesses, States, and municipalities and the amounts of individual loans or loan guarantees"

The repug filth don't want the public to see how much cash will go towards keeping the child-raping orange schitstain's failing hotels and golf courses afloat.

#16 | Posted by Reinheitsgebot at 2020-03-23 04:15 AM | Reply

A $500 Billion fund for Trump (routed through Mnuchin) for a SECRET payout to corporations.

LOL ~ This is one of the most transparently ridiculous ideas Trump has ever come up with.

I suppose nothing less can be expected from the most corrupt president in our history. But he sure does act like he already has one foot out the door and the other on a banana peel with nothing to lose.

And remember ~ he does like to profit off the misery of others.

#17 | Posted by Twinpac at 2020-03-23 04:46 AM | Reply | Newsworthy 3

What's my cut?
~ Marie Antoinette Mnuchin

#18 | Posted by Doc_Sarvis at 2020-03-23 07:42 AM | Reply

This is Trump with his hands in the cookie jar again.

Maybe he thinks $500 Billion should be his parting gift in November.

#4 | Posted by Twinpac at 2020-03-22 08:22 PM | Rep

Bingo.

#19 | Posted by Zed at 2020-03-23 08:12 AM | Reply | Newsworthy 1

The problem the Democrats have with giving Sec Mnuchin a blank $500 million check is that he likely will give the money to corporations with no limits to how the money can be spent. That is one of the sticking points, the Democrats want limits on how the money can be used.

Without such limits, the corporations will, just as they did with the Trump Tax Cut, use the money to buy back stock and enrich the wealthy owners.

Any money given to the corporations should be used to benefit the corporation or the workers of the corporation, and not the wealthy owners.

#20 | Posted by LampLighter at 2020-03-23 10:49 AM | Reply | Newsworthy 1

Any money given to corporations should be capped at what they paid in fed taxes. And those tax filings should be made public, or no money. Suck on that Trampy.

#21 | Posted by bored at 2020-03-23 11:10 AM | Reply

@#21 ... Any money given to corporations should be capped at what they paid in fed taxes. ...

Interesting thought.

Though I fear that those who work for the company would be the losers in such a situation.

#22 | Posted by LampLighter at 2020-03-23 11:16 AM | Reply

Sure, let us pay for the cruise ship companies that do not pay taxes here, dump their sewage and plastic in the oceans, spread the virus around the globe and do not even carry the US flag. Why on earth would they get a slice? Oh, and Casinos getting a cut? No. Give their workers relief but not a red cent for the owners. Oil, gas and coal companies have had their share in the trillions over the years and so they should not get anything now. TRump's henchmen and the GOP must think we are completely stupid children if they think this is going to fly. Well, they know their base is stupid morons but to expect the rest of us to be that dumb? Give me a break.

#23 | Posted by tknees at 2020-03-23 11:36 AM | Reply

#22 That is why we need a job loss compensation payout.

Do you think these bailout companies will keep unneeded employees once they get the bailout.

Look at all the other job promises for tax breaks that were reneged on.

I am still working. I deserve nothing.
A business that isn't paying US taxes should get as much as tourists.

The business infrastructure and staff will be ready to start up when the crisis is over. If current management can't cover their fixed costs then capitalism's creative destruction will find new managers.

#24 | Posted by bored at 2020-03-23 11:49 AM | Reply

Stock prices are supposed to represent the markets expected NPV of future earnings.

The last 3 weeks have proven the market too optimistic. Warren Buffet now has lots of value to choose from with his cash hoard.

Good money managers will prosper.

#25 | Posted by bored at 2020-03-23 11:54 AM | Reply

@#24 ... Do you think these bailout companies will keep unneeded employees once they get the bailout.

Look at all the other job promises for tax breaks that were reneged on. ...

I basically agree with you.

#26 | Posted by LampLighter at 2020-03-23 12:02 PM | Reply

I hope the dems stand up to the most corrupt admin in history.

There is no need to rush. The banking system isn't collapsing overnight. Look at the abuses and graft the occurred during the last bailout.

#27 | Posted by bored at 2020-03-23 12:09 PM | Reply

Along the lines of the main topic...

The Senate now seems to be getting closer to some manner of agreement regarding oversight of the $500 million given to Sec Mnuchin to dole out.

Democrats Again Block Stimulus as Talks Proceed
www.bloomberg.com

...Democratic leader Chuck Schumer said he has had "almost continuous negotiations" with Mnuchin. He said they are close to reaching a deal and his goal is to do so Monday.

The Democratic leader said Monday's vote was essentially "irrelevant" because his party will be ready to move ahead "once we have an agreement that everybody can get behind."...

House Speaker Nancy Pelosi said House Democrats will introduce their version of the stimulus package to respond to the coronavirus, offering an alternative to the bill currently under discussion in the Senate.

"The Senate Republicans' bill, as presented, put corporations first, not workers and families," Pelosi said in a statement. "We urge the Senate to move closer to the values in the Take Responsibility for Workers and Families Act."

She said the House bill would boost unemployment insurance and prevent companies that receive federal help from firing workers, increasing executive pay or buying back stock.

The House measure would fund hospitals' virus response and would call for the president to use the Defense Production Act to shore up critical supplies. It would also increase funds for schools, food assistance and to help states expand early and absentee voting, according to a statement from Pelosi's office....



#28 | Posted by LampLighter at 2020-03-23 02:49 PM | Reply | Newsworthy 2

#27 | Posted by bored

A lot of paycheck to paycheck folks would disagree with you.

#29 | Posted by GalaxiePete at 2020-03-23 02:56 PM | Reply | Newsworthy 2

Giving a half trillion to Trumps cronies isn't going to help the paycheck to paycheck folks.

M4All and a cash grant to US residents equal to lost paychecks will.

Don't let the GOP terrorists rob the US by threatening the vulnerable.

#30 | Posted by bored at 2020-03-23 05:19 PM | Reply

The bankruptcy-prone------------ who steals from cancer charities has volunteered to oversee the $500 billion slush fund.

www.rawstory.com

#31 | Posted by reinheitsgebot at 2020-03-24 12:18 AM | Reply

#4 TWINPAC

I absolutely agree this is a parting gift until the next presidents tax cut for the rich, which will be among the very first things legislated.

#6 EFFETEPOSER

Imo nothing can be done so long as they have their precious FBI to foil factual investigations and maintained the parasites in positions of authority. I have zero faith in any form of justice and karma is too fickle to make any impact. I guess our only hope is for coronavirus to exterminate the Trump administration for us. Perhaps someone will crispr a slightly more deadly version just for Wall Street? As people begin to panic due to mounting costs of living retribution may become the only thing left to live for.

#32 | Posted by redlightrobot at 2020-03-24 05:06 AM | Reply

I don't know what Nancy's bill entails but would suggest one that is only for working class people first, although it is already way late but it could be rushed through and then if the repugs shoot that down the political price would be on their backs. It is sickening to think of doling billions to corporations.

#33 | Posted by grumpy_too at 2020-03-24 01:23 PM | Reply

Fortunately we have hard working Democrats willing to stand up against Trumpy's legions and their continued attempts at corrupting our democracy.

#34 | Posted by donnerboy at 2020-03-24 01:35 PM | Reply

"The bankruptcy-prone------------ who steals from cancer charities has volunteered to oversee the $500 billion slush fund."

Gosh. What could possibly go wrong?

Trumpy in charge of large sums unaccountable monies?

Imagine all the beautiful $10,000 full sized portraits of Trumpy you could buy with that!

#35 | Posted by donnerboy at 2020-03-24 01:44 PM | Reply

The quote below summarizes partisan crap entirely:

"Senate Majority Leader Mitch McConnell later said the bill was on the "five-yard line." And after a meeting with Treasury Secretary Steven Mnuchin, Minority Leader Chuck Shumer was even more optimistic, saying talks were on the "two-yard line.""

That's how petty politicians have become. Not to be outdone by a Football analogy, a Dem had to step in and beat it. Not picking on Dems, a Rep would do the same thing. How anyone can see a party they belong to as a saving grace for ANYTHING is beyond intelligent reasoning.

And the quote on here above is a perfect Madlib:

"Fortunately we have hard working willing to stand up against legions and their continued attempts at corrupting our democracy."

#36 | Posted by humtake at 2020-03-24 03:13 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort