Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.
I saw Jamie Dimon’s name in a headline the other day that wasn’t about a jail sentence or an obituary. It’s incredible his name still has purchase in the world of economics.
“But they paid back those loans with interest” - my mother
Yea turns out when instead of punishing a company for taking everybody’s money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.
The capitalist West: “The free market allows businesses to fail, government intervention bad”
Also the neoliberals: “China not bailing out real estate corporations is evil 1984 commie totalitarianism”
A very serious ideology.
Yeah I feel like even as propagandized Americans are everyone pretty much knows bailing out everyone in 08 was a massive mistake and we should never do it again.
We literally did it again in 2020, idk what you are talking about about. What do you think ‘quantitative easing’ is?
I mean what exactly do you think a dictatorship of the borgschwazzee is?
If there was any hope for this country burning down businesses that got PPP loans forgiven would have been a nationwide meme.
I saw Jamie Dimon’s name in a headline the other day that wasn’t about a jail sentence or an obituary. It’s incredible his name still has purchase in the world of economics.
“But they paid back those loans with interest” - my mother
Yea turns out when instead of punishing a company for taking everybody’s money you give them a couple billion dollars of free money they can figure out how to make the 1.25% interest payments none of us would ever get.