Stimulus & Bailout Watch Thread

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Isaiah Bradley

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Shogun said:
Do your googles
Click to expand...
lol. No answer, but it's not socialism... we know it's not capitalism or any flavors of it because "freemarket competition" is being frowned upon due to price gauging tactics

So what about communism and socialism and their flavors?
-communism talmbot government taking over private property and control of major productions/manufacturing
-socialism talmbot combine resources so to share the benefits, govnernment administer means of production and distribution of goods

Both are reflecting forms of public ownership, government involvement with markets/industries, and how government asking/instructing/encouraging private companies to behave

When Pres. Obama bailed out GM, the government owned parts of GM
Government sells last of its GM shares
U.S. taxpayers no longer own any of automaker General Motors. The Treasury sold the last of its remaining 31.1 million GM shares today. It started with 500 million shares in 2010.

The taxpayer loss on the GM bailout is $10.5 billion. The Treasury department said it recovered $39 billion from selling its GM stake, and had put $49.5 billion of taxpayer money directly into the GM bailout.
Click to expand...
Government sells last of its GM shares

Trump is interested in public ownership for bailed out companies
Trump says he would consider government equity stakes in companies seeking bailouts
  • President Donald Trump said Thursday he would consider taking an equity stake in companies accepting federal aid.
  • Trump didn’t specify which companies he was referring to but called out those that have bought back stock.
  • Delta, American, Southwest and United airlines have collectively spent about $39 billion over the last five years buying back shares. The airline industry is seeking more than $50 billion in aid.
Click to expand...
Trump says he would consider government equity stakes in companies seeking bailouts

-All governments are injecting money into their markets when economic problems occur, just like the US does for wall street
-All governments plays a role in researching technology to benefit their manufacturing industry, like initiatives from China(Made in China 2025), Germany(Industre 4.0), France(Industrie du Futur)




Trump administration is asking/instructing/encouraging GM and Ford to use their manufacturing facilities to help produce ventilators
Coronavirus Update: Tesla Joins GM, Ford In Offer To Produce Ventilators In US
  • "We will make ventilators if there is a shortage," tweeted Elon Musk
  • The automaker giants are in talks with the White House about using their vacant car factories to manufacture breathing equipment
  • Some carmakers have questioned whether their plants would be suitable to produce such equipment
Click to expand...
Coronavirus Update: Tesla Joins GM, Ford In Offer To Produce Ventilators In US

Trump administration is asking/instructing/encouraging two different industries to ramp up production and donate supplies
President Donald Trump said that he believes holding campaign rallies is "very safe" amid coronavirus concerns and explained that his administration has asked pharmaceutical companies to try to "accelerate" their work on a vaccine.
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Manufacturers Honeywell International and 3M are stepping up production of N95 industrial face masks—which Vice President Mike Pence says can now be sold directly to hospitals in need.

“American manufacturers are repurposing factories,” President Donald Trump said Wednesday in a press briefing. “One major manufacturer has already doubled capacity, and we’ve asked construction companies to donate unused masks.”
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Honeywell, 3M, and GE Ramp Up Effort to Produce Hospital Supplies in Coronavirus Fight





UBI is a flavor of socialism. The government is distributing/sharing money to all citizens so to administer a productive economy...just like the article below failed attempt to juelz UBI socialist ties, UBI is a “better-balanced capitalism — we would call it everyone-gets-a-share capitalism.”




whether it's Cuba/ronavirus/Hitler/an attractive racist, responsible adults that priorities facts/truths so to solve problems is able to acknowledge both positives/negatives aspects of anything, just like with Capitalism, Socialism, and Communism

what's sad is how aspect of socialism is embraced but the word socialist is shamed. That's propaganda/conditioning and playing politics






WholeLottaReds said:
From Jacobin, The Case Against a Basic Income
Click to expand...

Support for basic incomes proliferates where neoliberal reforms have been the most devastating.

In this sense, UBI isn’t an alternative to neoliberalism, but an ideological capitulation to it. In fact, the most viable forms of basic income would universalize precarious labor and extend the sphere of the market — just as the gurus of Silicon Valley hope.
Click to expand...
I would like an updated version of article to factor in the current health crisis which proves that UBI isn't an anti-union and pro-free market tool, as the above suggest
 
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Shogun

Shogun

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Isaiah Bradley said:
lol. No answer, but it's not socialism... we know it's not capitalism or any flavors of it because "freemarket competition" is being frowned upon due to price gauging tactics

So what about communism and socialism and their flavors?
-communism talmbot government taking over private property and control of major productions/manufacturing
-socialism talmbot combine resources so to share the benefits, govnernment administer means of production and distribution of goods

Both are reflecting forms of public ownership, government involvement with markets/industries, and how government asking/instructing/encouraging private companies to behave

When Pres. Obama bailed out GM, the government owned parts of GM
Government sells last of its GM shares

Trump is interested in public ownership for bailed out companies
Trump says he would consider government equity stakes in companies seeking bailouts

-All governments are injecting money into their markets when economic problems occur, just like the US does for wall street
-All governments plays a role in researching technology to benefit their manufacturing industry, like initiatives from China(Made in China 2025), Germany(Industre 4.0), France(Industrie du Futur)




Trump administration is asking/instructing/encouraging GM and Ford to use their manufacturing facilities to help produce ventilators
Coronavirus Update: Tesla Joins GM, Ford In Offer To Produce Ventilators In US

Trump administration is asking/instructing/encouraging two different industries to ramp up production and donate supplies




Honeywell, 3M, and GE Ramp Up Effort to Produce Hospital Supplies in Coronavirus Fight





UBI is a flavor of socialism. The government is distributing/sharing money to all citizens so to administer a productive economy...just like the article below failed attempt to juelz UBI socialist ties, UBI is a “better-balanced capitalism — we would call it everyone-gets-a-share capitalism.”




whether it's Cuba/ronavirus/Hitler/an attractive racist, responsible adults that priorities facts/truths so to solve problems is able to acknowledge both positives/negatives aspects of anything, just like with Capitalism, Socialism, and Communism

what's sad is how aspect of socialism is embraced but the word socialist is shamed. That's propaganda/conditioning and playing politics









I would like an updated version of article to factor in the current health crisis which proves that UBI isn't an anti-union and pro-free market tool, as the above suggest
Click to expand...

In all those instances, as is the case now, the people or corporations on the receiving end of the bailouts were free to do what they want with the money. Saying the government owned those businesses is misleading and wrong. That’s why everyone is bytching now about what they did with the money.

It’s like saying Hoover was a socialist when he proposed cash bailouts to certain industries during the Depression.

This whole “flavor of socialism” nonsense is exactly that. Nonsense. If you’re free to spend the bailout money how you’d like then the market remains free. Socialism condemns that free market...it doesn’t enable it.
 
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Isaiah Bradley

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Shogun said:
In all those instances, as is the case now, the people or corporations on the receiving end of the bailouts were free to do what they want with the money. Saying the government owned those businesses is misleading and wrong. That’s why everyone is bytching now about what they did with the money.

It’s like saying Hoover was a socialist when he proposed cash bailouts to certain industries during the Depression.

This whole “flavor of socialism” nonsense is exactly that. Nonsense. If you’re free to spend the bailout money how you’d like then the market remains free. Socialism condemns that free market...it doesn’t enable it.
Click to expand...
Capitalism has no "flavor" that encouraged government owning shares in private companies. There's nothing misleading in government selling it's shares of GM. Unless you're about to juelz the meaning of owning shares

What bailed out companies do with tax money is always a debate/controversy, so saying that companies "free to do what they want with the money" is bullshyt. It's the basis of progressives' and libertarians' ire

Hoover's actions was socialist, but it doesn't make him socialist. If you steal candy during checkout, don't mean you're a klepto

Hoover, Obama, and Trump administrations prove that "flavors" of socialism/communism is needed by captialism
 
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