Just pass a bill to nationalize it. Of course they’ll sue, but it’s perfectly legal, if you can cite a constitutional duty / power of the federal government. In this case it would be national security and/or interstate commerce.
Of course that’s not the best solution, but it’s better than giving them free unfettered money, or letting them fail. The best solution is bailing them out while taking a substantial equity stake, one that allows you to prevent abuses. Then sell it later when the dust settles.
Menzo
1751
You’re aware that Republicans currently control the White House and Senate, right? That’s what stops them.
Though I’m not sure Dems have the stomach to nationalize Boeing either.
If it’s that or we stop having planes, what’s more palatable? You’d never think Republicans would go for UBI either but here we are.
Republicans don’t have that dilemma. They’ll just give Boeing free money. Dems will go along as the least bad option.
LockerK
1755
A one time payment with restrictions on who gets it isn’t even in the same league as UBI. The Democrats proposed something more along the lines of UBI (at a cost of ~$500B/mo) but it was killed.
KevinC
1756
That’s the problem, the only bill possible is one that will pass the Senate and Trump will sign. Trump is willing to kill potentially millions of Americans in order to get the economy (and specifically his properties) moving again, so I highly doubt he has any compunction about stonewalling the bill and a bunch of people getting evicted or going hungry in the meantime. Democrats tend to actually care about these things so the impetus is on them to get something done.
We’re going to keep having problems like this as long as Americans keep electing monsters.
Whoa whoa whoa, who gave him permission to tell the truth? Trump’s gonna be pissed…
The market has always loved layoffs it’s not that surprising.
I like this headline:
Dow rallies more than 1,300 points, capping its biggest 3-day surge since 1931
Good thing we pulled out of The Great Depression after that rally. Like 9 or 10 years later.
Timex
1763
I’ve told folks. We were gonna get a surge after passing this stimulus, but it’s gonna crash hard in the next few weeks.
Because ultimately, the economy is not gonna open up in 2 weeks, no matter what dumbass trump thinks.
rowe33
1764
It’ll be horrible. A lot of red states will open up because their leadership wants to kiss Trump’s ass. So it’ll keep spreading, totally fuck up the curve, and everyone will end up paying for it.
Yes, this looks pretty clear to me too. It doesn’t matter if a few red states stay open, if NY WA and CA extend any level of closures. (Economically I mean)
Wall Street analysts are saying today’s unemployment claims data was hugely underestimated because systems couldn’t handle the volume. We’re just seeing the tip of the iceberg, in terms of economic impact.
Can’t they give him the National Lampoon’s Vacation treatment and tie him up to the back of a 747 then go on a cross country trip instead?
Timex
1768
So, bonus, we could see all kinds of crap as fallout from this, as everyone starts defaulting on all their loans.
Menzo
1769
This is good. Frankly, I wish we could exclude any company that throws its “HQ” in a tax haven country but still considers itself American. Like Apple with its $200 billion+ sitting in an offshore bank account.
