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Why do Republicans think it's okay to bail out Wall Street but it's not okay to help hard working Americans who are the backbone of the economy?

Billions in tax breaks , billions in incentives, corporate welfare has reached an all-time high. The multi-billion dollar corporations like Amazon & Facebook who went 10 years, and 6 years, without paying a dime. Instead they got tax rebates. Now, Amazon and Facebook wouldn't exist without hard working individuals. Amazon has taken advantage of all kinds of government incentives, not to mention using the USPS which is subsidized by the government wasn't intended to make billions of deliveries annually for a large corporation. These companies would not exist without corporate welfare and without our infrastructure that is paid for by the taxpayers and the same people who republicans criticize.

The 50 million Americans who are in debt because of overpriced college tuition, many of them victims of predatory lenders, are in fact tax payers. They're nurses and healthcare workers who put their lives in danger to help fight COVID. They're underpaid teachers... They're truck drivers, and blue collar road maintenance workers who work hard to keep this country going. They're the ones who deserve to be bailed out, not your billionaire corporate demigods.
The left abandoned the working class a while ago. Those same truckers you use as an example are the kind of people you and your kind have been insulting, and putting down for years as uneducated hicks, for not agreeing with your politics.


Fuck outta here with your fake sympathy. Its not even like you're correct. No way will bezos, gates et cetera (who just so happen to be Democrats 🤔) be paying for any of this. The middle class will get fucked again.
sunsporter1649 · 70-79, M
@RocktheHouse Yeah, spread the misery around, stick it to everyone, it's the demonocrat way
@DoYouWannaSeeMyFace Congratulations on a classic to quoque fallacy! It's the first I've seen here this morning!!

SW-User
for not agreeing with your politics

Wait, you're saying the truckers, et al., abandoned the left, not the other way around. Which culture war item was the excuse for them to start supporting neofascists?

@DoYouWannaSeeMyFace
The previous admin's PPP loan forgiveness was DOUBLE the student loan forgiveness; why do republicans ignore that fact???

During the previous administration, 10.2 million Paycheck Protection Program loans were forgiven or partially forgiven. With average forgiveness $72,000, that works out to $734 billion in loan forgiveness subsidies to business owners. Compare that with student loan forgiveness, a $300 billion program.

Why didn't the right-wingers get upset about that huge transfer of debt onto the backs of taxpayers?? Why don't they get upset about the decades long series of subsidies to farmers???

As of July 4 this year, 10.2 million PPP loans, introduced to support small businesses, had been fully or partially written off.

The first loans were authorized by the CARES Act in March 2020, which provided $350 billion of fully guaranteed funds.

In April 2020, another $310 billion was allocated via the Paycheck Protection Program and Health Care Enhancement Act. A further $285 billion came in the second stimulus package of December 2020.

The government's Pandemic Response Accountability Committee found that 97 percent of PPP loans were used to help fund payroll. The average amount of PPP loan forgiveness was $72,500.
https://www.newsweek.com/what-ppp-loan-forgiveness-scheme-paycheck-protection-program-student-debt-1736775


Full disclosure: I've never had student loans; my wife paid hers in full.
sunsporter1649 · 70-79, M
You mean like the billions sippy-cup gave the fat cats in silicon valley with his build back better plan?

@sunsporter1649 not defending Biden or democrats.. just think the student debt cancellation was great. If Silicon valley tech companies and wall street can get billions, the working class should get something.
sunsporter1649 · 70-79, M
@RocktheHouse LOL, wait until you gotta pay taxes on that loan forgiveness....
@sunsporter1649 We have to pay taxes on the billions going to wall street. I'd rather pay taxes on something that's going to benefit hardworking Americans.
@sunsporter1649 says
Yeah, spread the misery around, stick it to everyone, it's the demonocrat way
Nope. Dead wrong. Let's take stock market growth as a long term proxy for economic growth.

"From 1952 through June 2020, annualized real stock market returns under Democrats have been 10.6% compared with 4.8% for Republicans." https://www.forbes.com/sites/sergeiklebnikov/2020/07/23/historical-stock-market-returns-under-every-us-president/#51469926faaf

Stock markets grow more than TWICE as fast under democratic presidents, and over the long term that correlates with higher GDP growth and other positive economic factors. The evidence is clear: if you like economic growth, elect more democrats!!
Crazywaterspring · 61-69, M
Socialism for the rich. "Free enterprise" for everyone else. Wall Street would have it no other way.
Notanymore · 36-40, M
It's like athletes gambling on their own games. However it's not only the Republicans playing this one. Dems are just as guilty and just as nefarious
@Notanymore Democrats are in the pocket of Wall Street too.
akindheart · 61-69, F
not because of REps...who is in office? giving away the farm??? how about they work for their money like I do??? i don't get handouts. i paid for my education by working.
llloydfred · 56-60, M
well this is funny Biden is talking to the U.N. and says America will donate 2.9 Billion dollars of food aide to Ukraine. Well what about the US.
@llloydfred Seriously... and I feel sorry for retirees. How are they supposed to survive their retirement fund is losing value while simultaneously the price of everything is skyrocketing? Biden says we're not in a recession... well, who is "we." Obviously not ordinary Americans.
llloydfred · 56-60, M
@llloydfred Maruchan Ramen noodle packs are .33 at Wally World @ $2.9 Billion dollars = a lot off noodles.
llloydfred · 56-60, M
@RocktheHouse You see vitamin deficiency is a real thing. disease and sickness from not eating well is happening. i bought bag of rice and found hard rubber parts in it. i have bought fruit and vegetables and most where spoiled in 2 day span. Even well known restaurant chains and locals are having the same problem.
MarineBob · 56-60, M
Political donations
llloydfred · 56-60, M
In retrospect the head of the machine and the guts of it keeps life moving. Every thing one sees, eats-hear-touch and so-on is wall street...
CelestiaStella · 22-25, F
Because they're not afraid of the people.
the rich got rich from taking from the poor..
[image/video deleted]
Spotpot · 41-45, M
The only one standing upp against this are the progressives.

 
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