Category Archives: bailout
Gas Hoarding: Latest Craze Since Pandemic
I get why people would stock up on gas after the cyberattack on the Colonial Pipeline. But the toilet paper thing during the pandemic I never quite figured out.
Locked Down Traders flush Wall Street Elite
Locked down, lost your job? Have some fun flushing a hedge fund.
I ran across this update on an old prank in Thursday’s Wall Street Journal:
On Discord, in a chat room linked to WallStreeBets, a user on Tuesday posted, “Guys, we need to pump $GME. Everyone buy 1000 shares in exactly 60 seconds.”
WSJ, Individual Investors Rout Hedge Funds, p. 10, 1/28/2021
Blue State Pre-existing Condition
Blue states have a pre-existing condition that makes them more vulnerable to the Corona virus lockdown. And Nancy Pelosi has a plan for that. But Mitch McConnell pronounced her $3 trillion bailout cure dead on arrival. Instead, he prescribed bankruptcy.
But the U.S. Constitution might pronounce that idea is dead on arrival too.
The plan could be raised from dead though. Bloomberg Businessweek says red states need bailouts too.
Re-Opening Day for the Economy
It’s time for re-opening… something. While some governors and President Trump are desperate to re-open the economy, many Democrats think otherwise.
We flattened the curve to give hospitals breathing room and delay the virus. But not to stop it.
So far so good. New York City got enough ventilators and made it over the hump. As for the economy – it’s been a bloodletting and it’s on life support. But polls show plenty of people want to keep it that way.
Rich Lowry says they’ve “moved the goal posts.”
Now, the rhetoric around the shutdowns has shifted, and not very subtly — flattening the curve and saving the hospitals are “out,” and not allowing any additional cases to emerge is “in.”
Uncle Sam Blew $3 Trillion on the Virus in Six Weeks
Uncle Sam blew $3 trillion on the coronavirus in six weeks. But the bug is still laying waste to the economy. And the Congressional Budget Office projects a deficit of $3.7 trillion this year. What to do? Hit it with more money.
