Lonewolf

You suport a man who has already destroyed America and Putin is proud of him.

archie bunker Loc: Texas

How has he destroyed it? I see the same country Obama tried to create, but failed. My life is the same mostly. I've actually made some money from Trump's economy.

Putin would actually be proud of you for wanting to wreck the lives of millions of hard working people so you can live off of the money the government you want steals off of the sweat from their brow.

Michael Rich Loc: Lapine Oregon

I would like to read his answer to your question.

jeff smith

keep having your nightmares . there not real remember . it is only your bimbocratic pretend wanabe propagandist telling you what the bimbos want them to tell you . lie after lie after lie . and you plus the other dem followers just keep eating it up as gospel t***h . when it is ALL LIES.
i would of thought that you bimbo followers would of realized by now . after the Russian collusion fiasco , then the fraudulent impeachment charges . that all the bimbos are trying to do is to over throw the President . they WANT CONTROL ! the bimbos want to hand our country over to the nwo , one world government .
are you ready for that ? what RIGHTS are you willing to give up for your two faced back stabbing bimbos?
trade deals ? he did an excellent job with Mexico and Canada and with the EU . haven't heard much from N . Korea lately . as for China , he was doing an excellent job . why do you think that those c****e bastards turned this v***s onto the world ? destroy the competition . look what it has done to every ones economy .
oh i forgot your a dem follower . this is ALL TRUMPS fault . you seem to be a brain dead bunch of puppets .
believe what we tell you . don't look at what were doing . don't look at reality . we will tell you what is real .
that should be the bimbos trade mark and slogan .

RandyBrian Loc: Texas

Are using the correct OPP name? You are sounding more and more like airforceone.

America 1 Loc: South Miami

With the loads of crap he spews, there are no clean spots to sit.

Kickaha Loc: Nebraska

No. It's all because of liberals fighting everything tooth and nail to keep Trump from having any credit for anything at all. We have high unemployment because of the W***n v***s and Democrat governors engaging in draconian lockdowns. Because of these lockdown people are out of work and losing their employer sponsored health care. We have drastically cut the unemployment rate with the reopening of the economy. Once we're able to accelerate the rate of reopening, the unemployment rate will fall faster and people will once more have their employer sponsored health care.

Radiance3

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You must be running out of your SSI.

4430 Loc: Little Egypt ** Southern Illinory

I see you're praising China for trying to make Trump look bad !

You never cease to amaze me how your brain works as you are always so far out in left field you could never see the ball coming as no one could hit the ball as far out as you always are

I will give you credit you sure are funny and always good for a laugh !

4430 Loc: Little Egypt ** Southern Illinory

Excellent Post but it's falling on deaf ears lone and the rest of his loonie pals just can't stand FACTS !

Weewillynobeerspilly Loc: North central Texas

Hahahahaha.....I guess you've learned the ancient art of gibberish reading, that brain dead c****e couldn't string a coherent sentence together if someone else wrote it for him.

Ive seen alot of stupid in my days......and he is the King.

Weewillynobeerspilly Loc: North central Texas

That's why i have v**ed for Putin, 6 times.....i have a couple more weeks of v****g.

VIVA LA PUTIN!!!!!

Weewillynobeerspilly Loc: North central Texas

But, but, but......crapping on the sidewalk covers up all that stupid B*M crap scrabbled on it.....and without all that crap to clean up kevvy will have no hobby.

Hmmmmmm, i must ponder upon it over coffee.

Milosia

For your information, this is called “Winning”.

Milosia

In mid-September, the Federal Reserve faced a simple question from regulators: Why are profitable corporations being offered money from the central bank at a far cheaper interest rate than local communities? In one instance, Chevron was able to borrow money at half the rate as Wisconsin — meaning the oil giant was effectively getting a government subsidy, while state taxpayers were being offered a predatory rate. Why?

Fed officials had few answers, and still haven’t addressed the iniquity. The result is a perverse dynamic: Cheap Fed cash is boosting corporate profits, stock prices, shareholder dividends and executive pay, all while budget-strapped states and cities are being forced to choose between high-interest loans or mass layoffs of teachers, firefighters, emergency workers and other public-sector employees during a deadly p******c.

It doesn’t have to be this way, according to a coalition of lawmakers and grassroots groups that have launched a campaign for reform. Their demands are straightforward: They want the Fed to use its authority to make long-term loan commitments to cities and states at zero percent interest — the rate that the Fed already lends to Wall Street banks. Proponents say that would allow municipalities to avoid mass layoffs and also save $160 billion in annual interest payments they pay Wall Street firms on their past debt.

“I represent a working class immigrant community, and the financial collapse hit us hard,” said Democratic Rep. Chuy Garcia of Chicago. “We talk about the financial crisis, but we don’t talk enough about the austerity that came after the great recession. Austerity was a choice. State and local governments need to get the financing they need,” said Garcia, urging the Fed to take action.

$160 billion is no small amount: A new report from the Action Center on Race and the Economy shows how that’s enough to “help 13 million families avoid eviction by covering their annual rent” or enough to “provide all 31.5 million unemployed workers $600 a week in P******c Unemployment Assistance for eight weeks.”

Arbitrary Rates Help Corporations & Crush Local Communities

Under existing law, the Fed has wide latitude to adjust interest rates on loans to corporations and local governments — which means it is making the choice to give powerful politically connected companies vastly preferential lending terms, while holding states and cities hostage with usurious interest rates.

While the Fed has emerged as a key player in the C****-** crisis as a backstop for Wall Street and providing mass liquidity in the corporate bond market, the Fed has only purchased two bonds in its Municipal Liquidity Facility, lending just $1.6 billion of the $500 billion of lending capacity it has. Instead of lending at the rate that it lends to banks — with the interest rate currently at zero — the Municipal Liquidity Facility has offered loans of at least 1 percent for terms of 24-36 months.

Events over the last two months illustrate how arbitrary the rates are.

In August, after the Congressional Progressive Caucus criticized the Fed for failing to do enough to encourage cities and states to use the MLF, the Fed lowered the interest rate by 0.5%

Then, during the September 17 hearing of the Bailout Oversight Commission that oversees the Fed’s p******c lending programs, commissioner Bharat Ramamurti spotlighted a major discrepancy in lending rates between an oil giant and the state of Wisconsin.

"The Fed is using public money to purchase a bond from Chevron at a rate of 0.9% over more than 4.5 years,” Ramamurti said. A state like Wisconsin, with the exact same rating as Chevron has to pay 1.28 percent over 3 years.”

Ramamurti added that while the Fed purchased a Philip Morris bond at 0.75% interest, a state “ government like Kentucky, which has the exact same credit rating as Philip Morris, [must] pay an interest rate of more than 2% over 3 years.”

The arbitrariness of the Fed’s municipal interest rate became an issue in the potential layoffs of thousands of municipal workers in New York City. Union leader Henry Garrido said he had reached out to the Municipal Liquidity Facility to attempt to fend off the possible layoff of 22,000 of his members.

“The Fed was offering a 1.9 percent at 24 months — we could do twice better in the outside market,” said Garrido. “Then they called us again after intervention by leading Democrats and said ‘We’ll offer 36 months and lower to 1.6 percent.’ We can still do better on the regular market.”

On October 14, a broad group of organizations including the National League of Cities came out in favor of an expanded MLF program. The Bailout Oversight Commission’s September monthly report was delayed, Ramamurti has alleged, because of Republicans wanting to obscure the unanimity of support for an expanded MLF.

“The 50 basis point cut [in August] showed that there was no deeper logic behind the rates,” said Nathan Tankus, the research director of the Modern Money Network. “Why wasn’t it already set up with the lower rate? The fact that you can cut that price shows that it’s arbitrary.”

The Revolving Door

The Fed’s ability to respond to the scale of the c****av***s crisis could be limited by the revolving door between the Fed and Wall Street.

The Fed official in charge of the Municipal Liquidity Facility, Kent Hiteshew, was the first Director of the Treasury Department’s Office of State and Local Finance from 2014 to 2017 during the Obama administration.

As a result, he played a “key role” in the PROMESA Act, which bailed out Wall Street bondholders of Puerto Rican debt, and entrenched brutal austerity measures in Puerto Rico under the rule of a Financial Control Board. The present in Puerto Rico, with massive cuts to government services, could be the future across the country if the MLF is not expanded and Congress does not extend aid.

Prior to his time in the Obama administration, Hiteshew had spent 18 years at Bear Stearns. Before that, he worked at Drexel Burnham Lambert, the criminal junk bond firm headed by Michael Milken.

Many leading Wall Street banks, brokerage firms, and law firms have lucrative municipal finance businesses that would be undercut by a more direct and comprehensive MLF program.

Tankus added: “The Fed has two bazookas. One of them is a municipal bazooka and the other is a corporate credit bazooka. They have the municipal bazooka setting on low and the corporate bazooka setting on high.”

While you may agree with the a Felon running the Fed, I don’t.
Trumps man at the Fed. Go ahead and blame the Dems , it only makes you look stupid.