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It's about to happen again. Billionaires on Dopey Donald Trump billionaire welfare plan.
First Dopey Donald gave them big juicy tax cuts to finance their share buybacks. When they squandered that money Dopey Donald has opened Uncle Sam's checkbook again and intends to wipe the tears from their eyes with big fat juicy taxpayer checks.
Dear leader knows his howling mob will rejoice and howl with joy when they hear of Dopey Donald's generosity to the downtrodden billionaires.
The USA has become a welfare state for billionaires and farmers on Dopey Donald's watch.
Trump May Bail Out His Billionaire Oil-Industry Pals, the True Coronavirus Victims
First Dopey Donald gave them big juicy tax cuts to finance their share buybacks. When they squandered that money Dopey Donald has opened Uncle Sam's checkbook again and intends to wipe the tears from their eyes with big fat juicy taxpayer checks.
Dear leader knows his howling mob will rejoice and howl with joy when they hear of Dopey Donald's generosity to the downtrodden billionaires.
The USA has become a welfare state for billionaires and farmers on Dopey Donald's watch.
Trump May Bail Out His Billionaire Oil-Industry Pals, the True Coronavirus Victims
TRUMP MAY BAIL OUT HIS BILLIONAIRE OIL-INDUSTRY PALS, THE TRUE CORONAVIRUS VICTIMS
The president is also pushing for a payroll tax cut that conveniently lasts through the election, because he’s the least subtle person on earth.
BY BESS LEVIN
MARCH 10, 2020
After actual death and serious illness, one of the most concerning consequences of the coronavirus is its economic impact, particularly when it comes to small businesses, areas of the country where the virus has spread rapidly, and the potentially devastating effect on nonsalaried workers. Because the U.S. is one of the only wealthy countries in the world that does not require companies to give workers paid time off when they’re sick, many people are now facing a choice between going into work when they should clearly stay home, or going days, if not weeks and months, without pay. While Donald Trump appears unmoved by the human toll the virus has taken, he’s reportedly quite concerned about its effect on the economy—and, therefore, his reelection chances—and has been meeting with cabinet officials, aides, and lawmakers to devise a plan of action. And here’s what they’ve come up with: a federal rescue for the most vulnerable members of the population, i.e. Trump’s billionaire oil-industry pals.
Here’s the Washington Post, on a development that, deep down inside, you probably knew was coming:
The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close to the administration clamor for help, according to four people familiar with internal deliberations. President Trump has touted the growth of oil and natural gas production under his administration, celebrating their rise in politically crucial swing states such as Pennsylvania. But many oil and gas firms were hammered Monday by the price war that broke out between Saudi Arabia and Russia, driving oil prices down in their steepest one-day drop in almost 30 years.
White House officials are alarmed at the prospect that numerous shale companies, many of them deep in debt, could be driven out of business if the downturn in oil prices turns into a prolonged crisis for the industry. The federal assistance is likely to take the form of low-interest government loans to the shale companies, whose lines of credit to major financial institutions have been choked off, three people said.