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Aella_Girl's profile
Aella
Aella
Aella
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@Aella_Girl

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AellaVerified account

@Aella_Girl

whorelord http://aella.hns.to 

Austin
knowingless.com
Joined September 2012

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    Aella‏Verified account @Aella_Girl 23 Mar 2020

    One thing me and socialists have in common, I presume, is that government bailouts for corporations seems like a really terrible idea.

    10:51 AM - 23 Mar 2020
    • 6 Retweets
    • 198 Likes
    • Sam Mather ˚⁎☆〜˳✧༚ David What's with the third degree? 🐺 dinaline 🦕 camshow producer Dunc karim helmy 🦌🏝
    28 replies 6 retweets 198 likes
      1. New conversation
      2. Daniel Whiteman‏ @giantevilrobotg 23 Mar 2020
        Replying to @Aella_Girl

        Daniel Whiteman Retweeted Daniel Whiteman

        Since the government caused the problem, it is a bit on them to help fix the problem.https://twitter.com/giantevilrobotg/status/1242146464115163137 …

        Daniel Whiteman added,

        Daniel Whiteman @giantevilrobotg
        So, for everyone making the "Why don't corporations have 6 months of savings?" joke: The federal reserve deliberately causes slow, steady inflation specifically so corporation and billionaires DON'T do that.
        Show this thread
        1 reply 0 retweets 1 like
      3. Jason Dusek‏ @sanshibanrei 23 Mar 2020
        Replying to @giantevilrobotg @Aella_Girl

        It's not necessarily a problem. People object to the buybacks (for example) but the net effect is that investors take the cash and invest it elsewhere. That is not bad.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. Andre Infante‏ @AndreTI 23 Mar 2020
        Replying to @Aella_Girl

        I used to feel that way, but changed my mind (somewhat) when I found out that bail-outs are generally short-term loans that the government generally makes money on, and not just free cash gifts.

        2 replies 0 retweets 21 likes
      3. Andre Infante‏ @AndreTI 23 Mar 2020
        Replying to @AndreTI @Aella_Girl

        People are surprisingly opaque on that point. You can still certainly make the case that having access to those emergency loans is an unfair advantage of big business over small business. But there's value to avoiding disruption of service too. It's a trade-off.

        1 reply 0 retweets 10 likes
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      2. Jason Dusek‏ @sanshibanrei 23 Mar 2020
        Replying to @shivownz @Aella_Girl

        There wouldn't be any difference with public ownership...there'd still be a huge transfer of funds needed to keep these institutions around.

        0 replies 0 retweets 0 likes
      3. End of conversation
      1. New conversation
      2. Joanna‏ @Joanna_MB 23 Mar 2020
        Replying to @Aella_Girl

        There are no government bailouts in the Senate bill. There's a credit facility (loans) that mandates corporates to keep their workforce in order to have access to it; restrictions on executive pay; etc. They'll have to pay them back. This is absolutely essential.

        1 reply 0 retweets 6 likes
      3. Joanna‏ @Joanna_MB 23 Mar 2020
        Replying to @Joanna_MB @Aella_Girl

        Without providing liquidity to companies, the unemployment rate will almost surely go over 20%, which might hit 30%. It'd take decades to recover from a supply shock of that dimension. And it'll mostly be workers that will suffer.

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. Clark Joseph Kent‏ @ClarkJosephKe13 23 Mar 2020
        Replying to @Aella_Girl

        ... they're not bailouts. The government is inflicting restrictions on private business due to an emergency. This isn't the case of companies failing of their own mistakes.

        0 replies 0 retweets 0 likes
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      1. Jason Dusek‏ @sanshibanrei 23 Mar 2020
        Replying to @Aella_Girl

        What would socialists do instead? All big services would be state owned concerns. Would they lay off all the comrades and shut the services down? Or effectively bailout (internally transfer funds to) the various concerns?

        0 replies 0 retweets 0 likes
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