Watch for a shift in the narrative.

[Mac1958]

We all remember how Repubs were all about fending off a recession while Dubya was still prez. They helped pass TARP, which authorized $700B for the purchased of distressed assets to prop up the financial system. They also helped pass what was essentially phase 1 of the auto company bailout. Bush announces $17.4 billion auto bailout

Then came Obama's landslide election and suddenly Repubs became quite concerned about the size of the budget deficits. They would spend years sabotaging the recovery under the guise of that mantra.

With another Repub in the Oval Office at a time of great economic strain congressional Repubs have had no qualms with spending trillions of dollars to boost the economy in order to enhance Big Fat Don's chances of re-election. Budget deficits be damned.

However, they are beginning to understand the political cost of the nation's debt expanding so massively while a (R) is prez. After all, they have pretended for years to care about deficits and have duped their constituency in to believing they are fiscal conservatives (nothing could be further from the truth).

Enter one of the most conniving, deceitful politicians to ever disgrace the Senate chamber. Someone who sees the potential danger to the fortunes of Repubs over all the spending. What's a cretin to do?

McConnell Calls General Relief for States ‘Blue State Bailouts’

Bush announces $17.4 billion auto bailout

The terms of the loans require that the firms radically restructure and show they can become profitable soon.

www.politico.com

"Right now state and local governments are dealing with most of the front-line responsibilities for battling coronavirus at a time when the economic collapse is destroying their revenue bases; unlike the feds, they can’t just print money, and most toil under balanced-budget requirements. So they could use some no-strings help, but the party of Richard Nixon is hostile to the idea, even though Republicans completely control 21 states and share power in 14 others.

Democrats had to champion aid to state and local coronavirus efforts as part of the big $2.2 trillion coronavirus stimulus bill enacted nearly a month ago, and were able to secure $150 billion. With governors of both parties calling for $500 billion for states alone prior to passage of the “interim” stimulus bill that has passed the Senate and is pending in the House, Democrats went to the well again, but only got permission for states to use money unobligated from the first pot of money for general fiscal purposes. Donald Trump tweeted support for doing something for the “lost revenues” the states have experienced in the next stimulus bill — which is presumably the final one, at least before the election. But now Mitch McConnell is pumping the brakes, and complaining about the profligate states and how they don’t deserve help:"
...............................................................................................................................................................
Leave it to a piece of slime like McTreason to wordsmith the ubiquitous need on the part of all states who have seen their revenue base markedly decline by trying to define it as a "blue state" problem. Repubs and right wing media have already worked exhaustively to deflect blame away from Trump for his failed response to the virus. Now McTurtle is ready to pitch in by putting blame on blue states for a crisis not of their making.

This is what happens when you constrict yourself to a simplistic, binary partisan ideology.

These Reaganite wannabes have been cheering Trump on while he's exploded spending since DAY ONE, long before the virus.

A cautionary tale: Don't get sucked into an ideology.

/——-/ Says the Goreball Warming freak.

I am? Quote me being so, please.

You guys can never seem to do that when you bitch, bitch, bitch about me. I wonder why.

Oh yeah. You're liars! I almost forgot!

It's because you deflect and pretend to be houlier than thou, even though you are nothing special.

If that's what you perceive, that's up to you.

I don't care. Sorry.

 

[Indeependent]

That's the best advice you've ever given. Cuz......you know..........liar.
“Have you been briefed by the CDC?” Kernen asked.
“I have,” Trump replied.
Kernen then asked: “Are there worries about a pandemic at this point?”
Trump said: “No. Not at all.”
“And, we’re, we have it totally under control,” Trump said.
“It’s one person coming in from China, and we have it under control. It’s going to be just fine.”

No links to stated "quotes"

The meltdown continues........

You expect mentally disturbed people like Berg to be capable of focusing?

 

[Lesh]

Moscow Mitch's "suggestion" that states declare bankruptcy is nothing but a partisan attack on the states and working men and women.

Just like the Federal government had to step up and provide money for us to get by in the face of this disaster...they ALSO need to step up and help ALL the states (blue or red) for the same reason.

This is unprecedented. Yea...there's going to be pain. Yea there's going to be changes.

We have no choice.

And we can not count on Moscow Mitch, Donald Trump, or on fact the Republican Party to deal with this.

When we NEED government...we can't look to people who don't BELIEVE in government to do the right thing...the hard thing...

 

[berg80]

You expect mentally disturbed people like Berg to be capable of focusing?

How's about I focus on you. What if I were to.........oh I don't know.............make a mockery out of every post you write.

 

[berg80]

Moscow Mitch's "suggestion" that states declare bankruptcy is nothing but a partisan attack on the states and working men and women.

Agree. But the language he used in rationalizing his refusal to consider more assistance for state governments was chosen for a specific reason. The Repub sound machine is beginning to try to flip the narrative so that the budgetary impact from all the deficit spending gets blamed on the blue team.

 

[berg80]

“As a general proposition, my experience with Democrats over the years is there’s nothing they love better than an opportunity to spend money,” McConnell (R-Ky.) said in an interview this week.

‘The political honeymoon may be ending’

After an unprecedented, bipartisan rescue effort, the next relief bill will be much harder to pass.

www.politico.com

My observation of Repubs is there is nothing they do better than to cause economic collapses requiring massive deficit spending to prevent deeper recessions or a depression.

 

[BluesLegend]

More proof the left have limited capacity for rational thought.

 

[berg80]

More proof the left have limited capacity for rational thought.

More proof the right has been reduced to making Orwellian proclamations stating the opposite of the truth.

 

[georgephillip]

States shouldnt be getting free money bailouts either based on the irresponsible decisions made in years prior.

Should corporations like airlines be subsidized for spending billion$ on stock buybacks over the past decade?

For the past forty years government has served insatiable private greed at the public's expense; "choosing" between Biden or Trump next November won't change that reality.

Private gain must no longer be allowed to elbow out the public good – Dirk Philipsen | Aeon Ideas

"Our real problem, instead, might be called ‘the tragedy of the private’.

"From dust bowls in the 1930s to the escalating climate crisis today, from online misinformation to a failing public health infrastructure, it is the insatiable private that often despoils the common goods necessary for our collective survival and prosperity ."

 

[LordBrownTrout]

States shouldnt be getting free money bailouts either based on the irresponsible decisions made in years prior.

Should corporations like airlines be subsidized for spending billion$ on stock buybacks over the past decade?

For the past forty years government has served insatiable private greed at the public's expense; "choosing" between Biden or Trump next November won't change that reality.

Private gain must no longer be allowed to elbow out the public good – Dirk Philipsen | Aeon Ideas

"Our real problem, instead, might be called ‘the tragedy of the private’.

"From dust bowls in the 1930s to the escalating climate crisis today, from online misinformation to a failing public health infrastructure, it is the insatiable private that often despoils the common goods necessary for our collective survival and prosperity ."

No, they shouldn't. I do not and have not ever agreed with bailouts to people, states, govt, corporations, banks.

 

[justoffal]

We all remember how Repubs were all about fending off a recession while Dubya was still prez. They helped pass TARP, which authorized $700B for the purchased of distressed assets to prop up the financial system. They also helped pass what was essentially phase 1 of the auto company bailout. Bush announces $17.4 billion auto bailout

Then came Obama's landslide election and suddenly Repubs became quite concerned about the size of the budget deficits. They would spend years sabotaging the recovery under the guise of that mantra.

With another Repub in the Oval Office at a time of great economic strain congressional Repubs have had no qualms with spending trillions of dollars to boost the economy in order to enhance Big Fat Don's chances of re-election. Budget deficits be damned.

However, they are beginning to understand the political cost of the nation's debt expanding so massively while a (R) is prez. After all, they have pretended for years to care about deficits and have duped their constituency in to believing they are fiscal conservatives (nothing could be further from the truth).

Enter one of the most conniving, deceitful politicians to ever disgrace the Senate chamber. Someone who sees the potential danger to the fortunes of Repubs over all the spending. What's a cretin to do?

McConnell Calls General Relief for States ‘Blue State Bailouts’

Bush announces $17.4 billion auto bailout

The terms of the loans require that the firms radically restructure and show they can become profitable soon.

www.politico.com

"Right now state and local governments are dealing with most of the front-line responsibilities for battling coronavirus at a time when the economic collapse is destroying their revenue bases; unlike the feds, they can’t just print money, and most toil under balanced-budget requirements. So they could use some no-strings help, but the party of Richard Nixon is hostile to the idea, even though Republicans completely control 21 states and share power in 14 others.

Democrats had to champion aid to state and local coronavirus efforts as part of the big $2.2 trillion coronavirus stimulus bill enacted nearly a month ago, and were able to secure $150 billion. With governors of both parties calling for $500 billion for states alone prior to passage of the “interim” stimulus bill that has passed the Senate and is pending in the House, Democrats went to the well again, but only got permission for states to use money unobligated from the first pot of money for general fiscal purposes. Donald Trump tweeted support for doing something for the “lost revenues” the states have experienced in the next stimulus bill — which is presumably the final one, at least before the election. But now Mitch McConnell is pumping the brakes, and complaining about the profligate states and how they don’t deserve help:"
...............................................................................................................................................................
Leave it to a piece of slime like McTreason to wordsmith the ubiquitous need on the part of all states who have seen their revenue base markedly decline by trying to define it as a "blue state" problem. Repubs and right wing media have already worked exhaustively to deflect blame away from Trump for his failed response to the virus. Now McTurtle is ready to pitch in by putting blame on blue states for a crisis not of their making.

First of all 90 percent of the voting public is completely clueless about the Fed, the budget and the debt factor of the dollar. They don't know much more than their credit card billing interest...beyond that you are talking to a group of financial illiterates....nobody understands the cost of any such thing that you are inferring....total poppycock. Not that it's not real...but the thought that the American voting public is knowledgeable about such things is totally Hilarious. Has it been too long already for you to remember? The last time there was too much currency written up against no assets what did the world central banks do? Do you remember? They enacted a currency correction and Poof...just like that fifty trillion dollars of wealth disappeared overnight. Think it won't happen again? Your foolish if you think it won't.

JO

 

[BluesLegend]

More proof the left have limited capacity for rational thought.

More proof the right has been reduced to making Orwellian proclamations stating the opposite of the truth.

LOL Nancy Pelosi, AOC, and Joe Biden are your leaders

 

[georgephillip]

No, they shouldn't. I do not and have not ever agreed with bailouts to people, states, govt, corporations, banks.

Does that mean corporations and the richest individuals they create should pay higher taxes?

Private gain must no longer be allowed to elbow out the public good – Dirk Philipsen | Aeon Ideas

"Boeing, Goldman Sachs, Bank of America, Exxon – all would be bust without public bailouts and tax breaks and subsidies.

"Every time the private system works itself into a crisis, public funds bail it out – in the current crisis, to the tune of trillions of dollars.

"As others have noted, for more than a century, it’s a clever machine that privatises gains and socialises costs. "

 

[LordBrownTrout]

No, they shouldn't. I do not and have not ever agreed with bailouts to people, states, govt, corporations, banks.

Does that mean corporations and the richest individuals they create should pay higher taxes?

Private gain must no longer be allowed to elbow out the public good – Dirk Philipsen | Aeon Ideas

"Boeing, Goldman Sachs, Bank of America, Exxon – all would be bust without public bailouts and tax breaks and subsidies.

"Every time the private system works itself into a crisis, public funds bail it out – in the current crisis, to the tune of trillions of dollars.

"As others have noted, for more than a century, it’s a clever machine that privatises gains and socialises costs. "

No, Im for lower taxes for everyone. Rich, stupid, poor, ugly, black, green, homo, etc

 

[georgephillip]

No, Im for lower taxes for everyone. Rich, stupid, poor, ugly, black, green, homo, etc

Ten Things You Can Do Now to Curb Wall Street’s Wealth Transfer System

"The late 1920s and the early 2000s had two things in common.

"There was an unprecedented level of wealth and income inequality in the United States and there was no federal legislation to prevent giant Wall Street trading houses from owning deposit-taking banks filled with the savings of moms and pops across America.

"In both eras, those Wall Street trading houses used bank deposits to make wild bets in risky markets and pay themselves obscene amounts of money."

Over the past five decades, corporations and rich individuals have used government subsidies, bailouts, and bribed corrupt politicians of both corporate parties for favorable tax and trade policies.

The government has made them wealthy, so why would you object to raising their tax burden today, especially when the current crisis has shown how unprepared we are to deal with a national pandemic?

 

[berg80]

Tensions emerge between Republicans over coronavirus spending and how to rescue the economy

https://www.washingtonpost.com/politics/republicans-trump-coronavirus-spending-deficit-economy/2020/04/25/9013c5ee-8671-11ea-a3eb-e9fc93160703_story.html

"The economic havoc wreaked by the coronavirus pandemic is opening up a rift in the Republican Party — as the Trump administration and some GOP senators advocate for more aggressive spending while senior party leaders say now may be the time to start scaling back.
President Trump is promoting costly ideas such as infrastructure investment and a payroll tax cut as his top economic official plays down the impact of additional virus spending on the national debt. But at the same time, senior Senate Republicans are increasingly warning about the effect on the nation’s liabilities, even as some of their own members lobby for expensive proposals to rescue an economy still in a free fall.
“As we start thinking down the road in future iterations, my hope would be that it’s more fine tuning what we’ve already done rather than taking on big, aggressive new initiatives that are paid for by additional debt,” Senate Majority Whip John Thune (S.D.), the chamber’s No. 2 Republican, said in an interview. He warned that at some point, “we’re going to run out of capacity at the federal level.”
.......................................................................................................................
It was already going to be difficult for congressional Repubs to explain themselves to the few remaining fiscal conservatives among their constituents about how they could let the debt swell in a period of relatively decent GDP growth. Now, between profligate spending and lower tax receipts from the slowdown the deficit for 2020 could be in excess of $3T.

 

[Cellblock2429]

Tensions emerge between Republicans over coronavirus spending and how to rescue the economy

https://www.washingtonpost.com/politics/republicans-trump-coronavirus-spending-deficit-economy/2020/04/25/9013c5ee-8671-11ea-a3eb-e9fc93160703_story.html

"The economic havoc wreaked by the coronavirus pandemic is opening up a rift in the Republican Party — as the Trump administration and some GOP senators advocate for more aggressive spending while senior party leaders say now may be the time to start scaling back.
President Trump is promoting costly ideas such as infrastructure investment and a payroll tax cut as his top economic official plays down the impact of additional virus spending on the national debt. But at the same time, senior Senate Republicans are increasingly warning about the effect on the nation’s liabilities, even as some of their own members lobby for expensive proposals to rescue an economy still in a free fall.
“As we start thinking down the road in future iterations, my hope would be that it’s more fine tuning what we’ve already done rather than taking on big, aggressive new initiatives that are paid for by additional debt,” Senate Majority Whip John Thune (S.D.), the chamber’s No. 2 Republican, said in an interview. He warned that at some point, “we’re going to run out of capacity at the federal level.”
.......................................................................................................................
It was already going to be difficult for congressional Repubs to explain themselves to the few remaining fiscal conservatives among their constituents about how they could let the debt swell in a period of relatively decent GDP growth. Now, between profligate spending and lower tax receipts from the slowdown the deficit for 2020 could be in excess of $3T.

/—-/ It’s already $6 trillion.

 

[berg80]

"If you want to remove Trump from office - you're gonna need a bigger hoax. And the Coronovavirus scam just may be the ticket."

Almost 1M cases in the US with over 53K deaths and you're still calling it a scam?

 

[HenryBHough]

Most Democrat states have been functionally bankrupt for decades. Morally? For as long as they've had a Democrat Dictator at the helm. Why not make if official?

 

[Cellblock2429]

"If you want to remove Trump from office - you're gonna need a bigger hoax. And the Coronovavirus scam just may be the ticket."

Almost 1M cases in the US with over 53K deaths and you're still calling it a scam?

/——-/ The virus has always been real, collapsing a 22 trillion economy and putting 30 million on unemployment over hyped up scare tactics is a scam. Note there are few reports on those who made a full recovery, cause of death is attributed to the virus without testing, and the regular flu has higher fatalities. Yeah it’s a scam.