From the Wall Street Journal:
Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in MarketsSenator Sanders now has a perfectly acceptable answer to the question of how Medicare For All would be paid for. We can simply conjure the money out of thin air, just like the Fed is doing to bribe Wall Street not to wet the bed.
Move designed to prevent ominous trading conditions stemming from the coronavirus outbreak
The Federal Reserve said it would inject more than $1.5 trillion of temporary liquidity into Wall Street on Thursday and Friday to prevent ominous trading conditions from creating a sharper economic contraction.
Republicanism Is The Greater Plague
5 comments:
It's more complicated than that. Although it is a racket. Nobody on this side, nobody, understands money and credit. Understands the mechanisms of it. They think it's some kind of magic understood by high priests. Oh sure, there is Krugman kibitzing around the edges but as he once said. Never question the money. Handy thing that.
It would take a normally intelligent person perhaps 90 days to get a grip on how the system works. If you don't put in the work, well..........................
I thought Mexico was paying. Maybe China (Chi-na) then? And why do I have the suspicion that this payroll tax break is just going to fuck up my withholding and make me owe next year? These payroll tax schemes are thought up by rich fucks whose SS deduction maxes out in February. They think it will work like that for us, and why wouldn't we be thrilled.
Trump tells us he is very wealthy and he is the smartest republican. The Chosen one even.
Help him figure out how to write a check from his business to jamie Diamnd.
I had to bail jamie out once already.
GOPers say we cannot afford Social security or Medicare anymore because Debt.
We cannot afford to raise the minimum wage because of debt.
Public education is horrible and useless and we cannot fund its failures anymore.
pandemic: Market collapse. Flush every cent we have down the Wall Street toilet, pronto!
I know, let Russia pay for it.
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