woodguru

Airlines and cruise companies are parking their assets, they have planes and they have ships, they aren't going anywhere while they aren't being used, they will be there when we get back up and running.

So what's the argument for giving them billions of dollars when we don't need them, when nobody wants to use them? They'll keep paying their employees? That one doesn't fly or float, the government is spending hundreds of billions taking care of lost wages. So again, why do they need billions of dollars if they are not going to be maintaining payrolls?

They might as well stop paying banks because they have no revenues
They can stop paying CEO's millions of dollars in salaries and bonuses
They can do without buying back stocks (from CEO's)
They are not using any fuel when they aren't operating

Coming out of this they can sort it out with the banks, who can reorganize their loans because banks will be getting bailouts if they are suffering crippling losses at a later time because of this.

Corporations can resort to bankruptcies that reorganize their debts, which they will do. Huge corporations, being publicly held by investors, can do a public offering at their currently (low) stock prices, and they become part of the growth in the economy as things go back to normal. People can make a good investment in their futures, and those existing stocks that were in the gutter go up to.

Billions given to corporations now serves zero purpose except to allow them to pay CEO's money for doing nothing. They are going to claim hardship anyway and file bankruptcies, so this is money that does nothing, changes nothing, it's money that can go to people and small businesses which goes directly into the economy.

Sicilianthing

>>>

Trump is c*********d and doing as he’s told by the Bankster Families and Federal Reserve masters...
it’s textbook playbook by the usual suspects just like back in 1929...

I posted a Topic last night about how they’re going to make Trump the biggest Patsy in Human History Here:
Hooverizing Trump
https://www.onepoliticalplaza.com/t-179010-1.html

Comment Loc: California

My I ask where did U got your PHD? I have a BA in Bisness Adm. I ran multiple companies at a time. I understand business from big to small and the relationship between companies and labor and these matter relative to globalization. I didn't get my knowledge from f**e news talking heads. I trust the guys President Trump has advising him. I believe they are much more intelligent than U relative to their expertise. However, I am judging U by the evidence at hand which is your statements. Would you mind telling the forum how much would U ask in salary to Manage a trillion dollars in assets? U say that CEOS are being paid millions for doing nothing. They are tasked with saving a company who employs tens of thousands of blue collar workers. The retirement funds of tens of thousand of workers were totally lost n the last financial crisis. When Bush and Obama bailed out GM and the US Auto Industry, itt wasn't for the company CEOs; it was for the American blue collar workers; in so doing their pension funds were saved. But, not those pension funds hat were invested in GM stock. They lost it all. Sometimes, I think U can only see the trees and not the forest. Sorry.

Canuckus Deploracus Loc: North of the wall

Well reasoned...