Author Topic: Capitalist flips: Wants government bailout  (Read 3801 times)

FitnessFrenzy

  • Getbig V
  • *****
  • Posts: 29212
  • faux pas
Capitalist flips: Wants government bailout
« on: April 13, 2020, 02:27:46 AM »
What a pathetic turd he is. Super capitalist when times are good. Now he wants government bail outs for the 50 companies he has invested in:



Humble Narcissist

  • Getbig V
  • *****
  • Posts: 32138
Re: Capitalist flips: Wants government bailout
« Reply #1 on: April 13, 2020, 02:36:55 AM »
Why shouldn't he considering the government forced the companies to shut down?

Matt

  • Getbig V
  • *****
  • Posts: 16693
  • YouTube FitnessByMatt
Re: Capitalist flips: Wants government bailout
« Reply #2 on: April 13, 2020, 03:14:29 AM »
Why shouldn't he considering the government forced the companies to shut down?

LOL!!!!

No shit!

I actually hadn't even thought of that...I was like "Typical leftist thing to do [even though I realize O'Leary is not a leftist] by using government to steal money from tax dollars to bail out corporations than somehow blame CAPITALISM for GOVERNMENT INTERVENTION, and then demand MORE GOVERNMENT INTERVENTION to fix a problem CAUSED BY GOVERNMENT INTERVENTION IN THE FIRST PLACE."

Leftists are such morons.  Useful idiots to corporations and capitalists without even realizing it by demanding government steal money from private citizens to give to the biggest and richest corporations, LOL.

But in this case, after reading your post, I realized that you summed it up properly: it's the fault of the GOVERNMENT that O'Leary's investments are failing to begin with, so OBVIOUSLY the government is the party accountable for that failure, and it is reasonable to expect the government to pay for the mess that it caused in the first place.

Great post.

nzgs

  • Getbig III
  • ***
  • Posts: 308
Re: Capitalist flips: Wants government bailout
« Reply #3 on: April 13, 2020, 03:39:03 AM »
Government tyrannises small businesses and forces them to close, and then people call them socialists for wanting government to pay them back. Low IQ thread.

Mayday

  • Getbig IV
  • ****
  • Posts: 3001
Re: Capitalist flips: Wants government bailout
« Reply #4 on: April 13, 2020, 04:33:34 AM »
The govt needs to bailout average joe aswell.

They are telling businesses to go get loans..... it's so fucked up.

The govt fined banks billions for dodgy practices post GFC yet today are instructing banks to go and do it again.  Mindblowing.

a_pupil

  • Getbig IV
  • ****
  • Posts: 3297
Re: Capitalist flips: Wants government bailout
« Reply #5 on: April 13, 2020, 04:52:08 AM »
this might cause an epic level depression tbh.

I think they should give the lockdown till the end of the month then they have to let things go back to normal or companies won't recover.

this virus isn't going away.

china need to pay reparations. trump was right all along, china is the enemy.

I think nations like the UK will need to find new income streams like legal marijuana to recover after this.

Rambone

  • Getbig V
  • *****
  • Posts: 23092
  • Fuck off tiny tit
Re: Capitalist flips: Wants government bailout
« Reply #6 on: April 13, 2020, 09:08:00 AM »
He’s always pushing his ETFs and their daily volume is always piss poor.

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 41756
  • Doesnt lie about lifting.
Re: Capitalist flips: Wants government bailout
« Reply #7 on: April 13, 2020, 09:09:28 AM »
Why shouldn't he considering the government forced the companies to shut down?

My biz is completely shut down by the Govt. 

MAXX

  • Getbig V
  • *****
  • Posts: 17458
  • MAGA
Re: Capitalist flips: Wants government bailout
« Reply #8 on: April 13, 2020, 09:30:32 AM »
this might cause an epic level depression tbh.

I think they should give the lockdown till the end of the month then they have to let things go back to normal or companies won't recover.

this virus isn't going away.

china need to pay reparations. trump was right all along, china is the enemy.

I think nations like the UK will need to find new income streams like legal marijuana to recover after this.

China is still having their unsanitary 3rd world shithole live animal markets open, from where many of these dirty viruses are borne. Nasty fucks...


Too bad every nation has become dependant on China for production these days so they don't dare to do anything against them.


.... globalism is great right  ::)

Humble Narcissist

  • Getbig V
  • *****
  • Posts: 32138
Re: Capitalist flips: Wants government bailout
« Reply #9 on: April 13, 2020, 09:30:59 AM »
My biz is completely shut down by the Govt. 
Many are and many if not most restaurants, gyms, salons and other small profit margin businesses will not recover.  After millions are out of work because of the government the government will then take credit for saving these people with welfare.

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 16628
Re: Capitalist flips: Wants government bailout
« Reply #10 on: April 13, 2020, 10:05:31 AM »
"Out on the road today, I saw a deadhead sticker on a cadillac
A little voice inside my head said: "Don't look back, you can never look back" "


Wall Street welfare is the hallmark of the boomer era. How did these former hippies end up wanting free stuff....oh, ah....well.

It's been going on for 40 years.

el numero uno

  • Getbig V
  • *****
  • Posts: 9405
  • Clean your room, bucko.
Re: Capitalist flips: Wants government bailout
« Reply #11 on: April 13, 2020, 10:20:53 AM »
Why shouldn't he considering the government forced the companies to shut down?

I think it's important to look at the context.

The government didn't force companies to shut down for no reason, but because it's believed is necessary to stop the spread of Covid-19. Wheter the lockdown was necessary or not, there's a 100+ pages thread about that already, so I don't think we'll reach an agreement here.

The pandemic based shutdown was a risk nobody saw coming, but so are things like natural disasters. As much as I celebrate when people hit a homerun, I also think they shouldn't be bailed, not matter what.

All in all, this is just a personal opinion based on principles. I wouldn't be suprised if there are good reasons to bail out companies from an Economics point of view.

Irongrip400

  • Getbig V
  • *****
  • Posts: 22322
  • Pan Germanism, Pax Britannica
Re: Capitalist flips: Wants government bailout
« Reply #12 on: April 13, 2020, 11:20:45 AM »
I applied for the PPP loan last Friday and on Monday the 6th my bank had not processed it yet. I was pissed to say the least. They got some more paperwork from me, and they say it’s processing. But, who knows. I have not deferred any payments as of yet, and am keeping my employees at 40 hours, or as feasible. If it is raining and some can’t work I’m not paying that. My only worry/concern, is that I burn all my cash while waiting for the government to process these loans, only to find that they don’t have enough to go around and I get left out. At that point I’ll have realized it would’ve been easier to shutter the company and hoard my cash, although I’m hoping this isn’t the case. I’ve had a few projects cancel but for the most part it is the individual agencies and municipalities who are causing the slow down. There is literally no sense of urgency to keep things rolling. It’s maddening. If I had closed my doors once this thing started, I had enough cash reserves to pay all bills for at least a year. A month and a half into this, and that’s not the case anymore because of keeping up with payroll. I don’t need the handout, but if the government is giving it out, I’m taking it.

Matt

  • Getbig V
  • *****
  • Posts: 16693
  • YouTube FitnessByMatt
Re: Capitalist flips: Wants government bailout
« Reply #13 on: April 13, 2020, 11:36:07 AM »
China is still having their unsanitary 3rd world shithole live animal markets open, from where many of these dirty viruses are borne. Nasty fucks...


Too bad every nation has become dependant on China for production these days so they don't dare to do anything against them.


.... globalism is great right  ::)

If you saw my new BLU G5 PLUS smartphone that was made in China and cost me $129 [$24.92 USD], you might understand why I'm addicted to cheap Chinese electronics.

Not to mention my $25 CAD [$4.83 USD] monthly cellphone plan:

- UNLIMITED international texting.
- UNLIMITED Canada-wide calling.
- 500MB data, and UNLIMITED low-speed data/internet when the 500MB of included high speed data runs out.

If you had told me in the year 2000 that in 2020, I would have a portable mini-computer 18cm x 1cm, 215g, 1.6GHz processor, 32GB memory, 2GB RAM, with 13MP camera with all of the above call/phone features, my mind would have been blown.

And such a phone simply would not be possible if it was produced by workers working for the income that Canadian workers demand.

If I could personally shake off my own dependence on cheap Chinese electronics/products, I would be in a position to side with everything you just said.

In fact, I think you are 100% right.  It's just that, as I said, it's actually my personal dependence on Chinese-made consumer goods that is driving the aggregate demand which causes the very things you are talking about.

Matt

  • Getbig V
  • *****
  • Posts: 16693
  • YouTube FitnessByMatt
Re: Capitalist flips: Wants government bailout
« Reply #14 on: April 13, 2020, 12:04:55 PM »
I applied for the PPP loan last Friday and on Monday the 6th my bank had not processed it yet. I was pissed to say the least. They got some more paperwork from me, and they say it’s processing. But, who knows. I have not deferred any payments as of yet, and am keeping my employees at 40 hours, or as feasible. If it is raining and some can’t work I’m not paying that. My only worry/concern, is that I burn all my cash while waiting for the government to process these loans, only to find that they don’t have enough to go around and I get left out. At that point I’ll have realized it would’ve been easier to shutter the company and hoard my cash, although I’m hoping this isn’t the case. I’ve had a few projects cancel but for the most part it is the individual agencies and municipalities who are causing the slow down. There is literally no sense of urgency to keep things rolling. It’s maddening. If I had closed my doors once this thing started, I had enough cash reserves to pay all bills for at least a year. A month and a half into this, and that’s not the case anymore because of keeping up with payroll. I don’t need the handout, but if the government is giving it out, I’m taking it.

I think in Canada, anyone who is unemployed directly due to COVID-19 is entitled to $2,000 a month under a program called "CERV" [or maybe CERB...], but I'm not sure I would qualify.  Although I guess I could say that I can't cover bodybuilding expos for YouTube due to the virus, but I don't technically have to, to drive traffic to my YouTube channels.

I just have to LOL at all the Canadians happy to get relief money like that.  Because we can just give people free money with no problems at all, right?  ;D  Right...

In the Twilight Zone, I guess...  :)

mazrim

  • Getbig V
  • *****
  • Posts: 4438
Re: Capitalist flips: Wants government bailout
« Reply #15 on: April 13, 2020, 01:12:03 PM »
Why shouldn't he considering the government forced the companies to shut down?
Exactly.

MAXX

  • Getbig V
  • *****
  • Posts: 17458
  • MAGA
Re: Capitalist flips: Wants government bailout
« Reply #16 on: April 13, 2020, 01:14:48 PM »
If you saw my new BLU G5 PLUS smartphone that was made in China and cost me $129 [$24.92 USD], you might understand why I'm addicted to cheap Chinese electronics.

Not to mention my $25 CAD [$4.83 USD] monthly cellphone plan:

- UNLIMITED international texting.
- UNLIMITED Canada-wide calling.
- 500MB data, and UNLIMITED low-speed data/internet when the 500MB of included high speed data runs out.

If you had told me in the year 2000 that in 2020, I would have a portable mini-computer 18cm x 1cm, 215g, 1.6GHz processor, 32GB memory, 2GB RAM, with 13MP camera with all of the above call/phone features, my mind would have been blown.

And such a phone simply would not be possible if it was produced by workers working for the income that Canadian workers demand.

If I could personally shake off my own dependence on cheap Chinese electronics/products, I would be in a position to side with everything you just said.

In fact, I think you are 100% right.  It's just that, as I said, it's actually my personal dependence on Chinese-made consumer goods that is driving the aggregate demand which causes the very things you are talking about.
All this electronics doesn't make us much happier imho anyways. Just over-stimulated. Dopamine dependant... Where more people become less productive because of it.

Matt

  • Getbig V
  • *****
  • Posts: 16693
  • YouTube FitnessByMatt
Re: Capitalist flips: Wants government bailout
« Reply #17 on: April 13, 2020, 11:31:44 PM »
All this electronics doesn't make us much happier imho anyways. Just over-stimulated. Dopamine dependant... Where more people become less productive because of it.

Yes, but...damnit, MAXX.  ;D

I know you're right.  But just to grab my brand new sleek phone in its nice sleek box with holographic writing...and all for $129 CAD with basically an unlimited monthly plan for $25.  Had you told me that this sort of technology - literally a portable computer with unlimited wireless/portable internet - was going to exist before I turned 40, I wouldn't have believed it.

You are right about it all amounting to a temporary chemical release though...but I can't help but think I wouldn't have been in such a good mood this week had I not bought this cool gadget.

Sort of like how a kid feels at Christmas, but to a lesser extent.

I suspect most of what I'm looking at in my bedroom right now was made in China - the frames of the pictures of my kids on my walls, my trophies from the local contests I've done, the laptop I'm using right now, the fan that I haven't needed to turn on so far this year, etc.

The low price that China produces these goods for simply cannot be compared to anything else.

Not to say you are wrong, of course.  And not to say that such levels of production do not come at a cost.  Check out any of the three documentaries below.

MADE IN CHINA: The Factory of the World [DOCUMENTARY]:



Chinese Fake Trillion Dollars Counterfeiting Business [DOCUMENTARY]:



[EDIT: I just realized that the documentary below, "Death by China", narrated by Martin Sheen, is only available on YouTube for purchase.  Worth paying for though, IMO, or if you can watch a copy elsewhere, I would say to check it out. :)]



Another good documentary on Chinese manufacturing and production.  8)

I feel like I owe the Chinese for much of my quality of life, LOL.  Although I would retract that if my 2-year-old little girl lost her life to COVID-19, or my 87-year-old grandmother.  :(

Megalodon

  • Getbig V
  • *****
  • Posts: 7699
Re: Capitalist flips: Wants government bailout
« Reply #18 on: April 19, 2020, 02:26:45 PM »
Absolutely not:     >:( >:( >:(




MAXX

  • Getbig V
  • *****
  • Posts: 17458
  • MAGA
Re: Capitalist flips: Wants government bailout
« Reply #19 on: April 19, 2020, 02:30:52 PM »
Absolutely not:     >:( >:( >:(




Absolute horseshit


They're just seeing the chance to cash in now by goverment assistance like many other businesses... as Fake news is a failing business and they where having falling numbers now for a long time before the Covi19 happened aswell.

Irongrip400

  • Getbig V
  • *****
  • Posts: 22322
  • Pan Germanism, Pax Britannica
Re: Capitalist flips: Wants government bailout
« Reply #20 on: April 19, 2020, 02:40:38 PM »
I got approved for my PPP loan. Just waiting on  the paperwork to sign to close on the loan. I’m wondering what kind of abuse there is/will be with this thing. Will they ever audit it or what?

Marty Champions

  • Getbig V
  • *****
  • Posts: 36515
Re: Capitalist flips: Wants government bailout
« Reply #21 on: April 19, 2020, 05:54:45 PM »
I applied for the PPP loan last Friday and on Monday the 6th my bank had not processed it yet. I was pissed to say the least. They got some more paperwork from me, and they say it’s processing. But, who knows. I have not deferred any payments as of yet, and am keeping my employees at 40 hours, or as feasible. If it is raining and some can’t work I’m not paying that. My only worry/concern, is that I burn all my cash while waiting for the government to process these loans, only to find that they don’t have enough to go around and I get left out. At that point I’ll have realized it would’ve been easier to shutter the company and hoard my cash, although I’m hoping this isn’t the case. I’ve had a few projects cancel but for the most part it is the individual agencies and municipalities who are causing the slow down. There is literally no sense of urgency to keep things rolling. It’s maddening. If I had closed my doors once this thing started, I had enough cash reserves to pay all bills for at least a year. A month and a half into this, and that’s not the case anymore because of keeping up with payroll. I don’t need the handout, but if the government is giving it out, I’m taking it.
maybe ur employees want to work only 20 hour
A

SOMEPARTS

  • Getbig V
  • *****
  • Posts: 16628
Re: Capitalist flips: Wants government bailout
« Reply #22 on: April 20, 2020, 01:10:28 AM »
maybe ur employees want to work only 20 hour



Chinese accent detected.

nzgs

  • Getbig III
  • ***
  • Posts: 308
Re: Capitalist flips: Wants government bailout
« Reply #23 on: April 20, 2020, 01:35:16 AM »
I think it's important to look at the context.

The government didn't force companies to shut down for no reason, but because it's believed is necessary to stop the spread of Covid-19. Wheter the lockdown was necessary or not, there's a 100+ pages thread about that already, so I don't think we'll reach an agreement here.

The pandemic based shutdown was a risk nobody saw coming, but so are things like natural disasters. As much as I celebrate when people hit a homerun, I also think they shouldn't be bailed, not matter what.

All in all, this is just a personal opinion based on principles. I wouldn't be suprised if there are good reasons to bail out companies from an Economics point of view.


You are colossally stupid. Government doesn't even force closures during war. People in London went to work during the Blitz. But you think imposing a depression is justified over a virus that kills a small fraction of the flu or swine flu? The "handouts" don't go nearly far enough, businesses should be litigating for all lost earnings and taking specific legal action against governors.

SF1900

  • Getbig V
  • *****
  • Posts: 49654
  • Team Hairy Chest Henda
Re: Capitalist flips: Wants government bailout
« Reply #24 on: April 20, 2020, 02:19:07 AM »
Absolutely not:     >:( >:( >:(





How is a pandemic crushing the journalism industry?

Can’t they just sit behind a computer and write?  🤷🏼‍♂️🤷🏼‍♂️
X