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Drudge Retort: The Other Side of the News
Monday, May 11, 2020

The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government's massive rescue efforts.

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Trillions for the few, a few billion for the many... that's what a Republican Emergency Tinkle Down looks like.

#1 | Posted by Corky at 2020-05-10 10:23 PM | Reply | Funny: 1 | Newsworthy 2

How can the markets go down when the fed is pumping trillions into propping up asset prices and most of the gains are in about 5 stocks.

It's like the gov is heavily subsidising the markets in a selective way. Crony bailouts. They are picking winners and losers. Not a free market at all. Shame it won't last. When the bottom falls out it will be like there IS no bottom. Hang on tight. We're goin' DOWN.

#2 | Posted by Effeteposer at 2020-05-10 11:54 PM | Reply | Newsworthy 2

What are the five stocks?

#3 | Posted by jpw at 2020-05-11 12:06 AM | Reply

Is anyone really surprised that a gaggle of moronic supply side tinkle down grifters would bail out their billionaire friends?

I'd be more shocked if they didn't.

Now the cities around the world that are re-opening are spiking with COVID. Florida is spiking with COVID. The White House is infected with COVID.

This is earth purging herself of the excess humans that are killing her.

Coming pandemics are going to be worse.

It's only common sense to kill the pandemic response team, pull the CDC monitors out of China and slash the CDC budget to pay for tax cuts for billionaires.

Cancervatism is a mental disease.

#4 | Posted by Nixon at 2020-05-11 07:54 AM | Reply | Newsworthy 4

With unemployment reaching levels not seen in generations, workers will likely have less power to object. Companies are stocking up on software that monitors emails and logs keystrokes, and some employees and students are being required to enable their web cameras at times to prove they're paying attention.

There's even technology to watch the other technology. Brian Berns, CEO of Knoa Software, says his systems determine which tasks cause people to slow down. "If you see a trend that everyone seemed to have a break there, you can investigate," he says1

-from another article on work

#5 | Posted by BruceBanner at 2020-05-11 09:23 AM | Reply

Well thank god the bail out is working for the rich. I would hate for them to have to suffer any discomfort! Donny's got their back.

#6 | Posted by moder8 at 2020-05-11 01:46 PM | Reply

Wow! I certainly didn't see this coming!

#7 | Posted by contrecoup at 2020-05-11 02:23 PM | Reply | Funny: 1

In Dotard's mind, the economy is the stock market and how much more rich the 1% are getting. Diaper Donnie has always wanted the approval of the super-rich, who rightfully looked down their noses at him as a failed mobster in clown makeup, but. So now everything he does is to favor those among the super-rich who have stroked his ego because it will benefit them financially.

#8 | Posted by _Gunslinger_ at 2020-05-11 04:03 PM | Reply

Last I looked, the US had given about $5,500 per American to corporations in relief.
Including corporations that don't pay any income taxes.

#9 | Posted by snoofy at 2020-05-11 04:29 PM | Reply

I believe it was the Dems that held up the Bailout then adding in a lot of Pork to the Bill, tweaking the bill to fit their needs.............. that had nothing to do with the crisis

#10 | Posted by Maverick at 2020-05-11 04:31 PM | Reply

The Orange Trixon could learn a lot about Goin' Down:
www.youtube.com

#11 | Posted by LesWit at 2020-05-11 05:27 PM | Reply

This is probably going to be worse than the Great Depression before long. But at least the rich got theirs. Trickle-down should should start any day now, right?

#12 | Posted by Whatsleft at 2020-05-11 07:36 PM | Reply | Funny: 1

You'd think that Republicans and the wealthy would have a little heart hahahaha during this great crisis, but no. They can't even be bothered to pretend to care. True colors are showing, and if now is not the time for the greater good then when is it?

Some of you got $1,200. That should last you for a few months. What more could you want?

Short term thinking as usual though tens of millions aren't magically going back to work anytime soon. What happens when they can't pay their rents and mortgages? What happens when they can't afford anything?

If Trumpublicans and the Richie Riches aren't willing to pull up their bootstraps and do the right things it will come back to haunt them. Assuming America doesn't become a truly fascist state, of course.

#13 | Posted by Derek_Wildstar at 2020-05-11 10:17 PM | Reply

"That tells you who investors think is the real beneficiary of the federal government's massive rescue efforts."

Only because...math.

The real concern: some investors are placing (correct) big bets right before *big news*, moving futures markets. Ultimately, once enough value has been extracted from TCFKAA, everything will collapse.

#14 | Posted by Danforth at 2020-05-11 10:36 PM | Reply

Danforth I read this about a month ago, thought it was pretty interesting. With so much money in targeted allocation "retirement date" funds, money will necessarily rush into stocks as stock prices plummet. So a lot of it depends on when and how often those funds schedule their reallocation.

#15 | Posted by snoofy at 2020-05-11 10:50 PM | Reply

I believe it was the Dems that held up the Bailout then adding in a lot of Pork to the Bill, tweaking the bill to fit their needs.............. that had nothing to do with the crisis

#10 | POSTED BY MAVERICK

You need to seek better information if that's all you believe.

#16 | Posted by jpw at 2020-05-12 11:06 AM | Reply

Funny how that always seems to happen...

Wait a minute, millionaire congressmen
voting their millionaire/billionaire friends
to have more money?!!

#17 | Posted by earthmuse at 2020-05-12 02:05 PM | Reply

It's a very, very bad shame that Dems are so bad at economic intelligence. If the stock market were to go down like Libs want so they can prove the rich are hurting...none of you actually realize what that would do to the non-rich, do you? The fact the stock market is staying strong is the only reason why this hasn't turned into a full on depression. But, since a Rep is in office, I assume Libs are rooting for a depression so their hate can be justified in one way.

#18 | Posted by humtake at 2020-05-12 02:17 PM | Reply | Funny: 1

"The fact the stock market is staying strong is the only reason why this hasn't turned into a full on depression."

Do you even realize we're only like two months in, and "A pandemic is expected to last 18 months or longer and could include multiple waves of illness."
Do you accept that fact, or do you have an Alternate Fact that you like better?

#19 | Posted by snoofy at 2020-05-12 02:21 PM | Reply

I assume Libs are rooting for a depression so their hate can be justified in one way.
#18 | POSTED BY HUMTAKE

You justify your hate... by assuming Libs are full of hate.
It makes its own gravy!

#20 | Posted by snoofy at 2020-05-12 02:23 PM | Reply

[[

Gov Cuomo Exposes how the banks scammed the American people and how its happing again from r/PublicFreakout

]]

#21 | Posted by rstybeach11 at 2020-05-13 02:04 AM | Reply

Benefitting from the great misfortune of others. The leading market segment, under Russpublicans. And the President who only serves those richer than himself, ---k those people. Regular folks, not like us.

#22 | Posted by getoffmedz at 2020-05-13 11:24 AM | Reply | Newsworthy 1

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