These free handouts are unprecedented and will determine if a socialist economy can thrive
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These free handouts are unprecedented and will determine if a socialist economy can thrive
[QUOTE=AirBonner;13953113]These free handouts are unprecedented and will determine if a socialist economy can thrive[/QUOTE]
This is not the way guys like Sanders imagine a social democracy. I live in a social democratic country and this is unprecedented.
[QUOTE=AirBonner;13953113]These free handouts are unprecedented and will determine if a socialist economy can thrive[/QUOTE]
How would a one time bail out in extraordinary circumstances determine if a long term socialist economy can thrive? Is this some piss poor troll attempt or something?
According to the current severe coronavirus spreading situation, you need at least a box of n95 for you and your family. now I have some factory resources to get the n95 masks....contact me.
Hopefully the Lakers are okay
[QUOTE=warriorfan;13953127]How would a one time bail out in extraordinary circumstances determine if a long term socialist economy can thrive? Is this some piss poor troll attempt or something?[/QUOTE]
people don't think before they speak.
[QUOTE=Overdrive;13953125]This is not the way guys like Sanders imagine a social democracy. I live in a social democratic country and this is unprecedented.[/QUOTE]
because sanders is a socialist, not a social democrat
anyways bailouts aren't socialist. They aren't free money
what about the DOW ??
[QUOTE=Jasper;13953262]what about the DOW ??[/QUOTE]
What does the Dow or stock exchange mean to you?
[QUOTE=CelticBaller;13953254]because sanders is a socialist, not a social democrat
anyways bailouts aren't socialist. They aren't free money[/QUOTE]
Socialist countries don't give out "free money" either. Nothing is ever free.
[QUOTE=TheMan;13953314]Socialist countries don't give out "free money" either. Nothing is ever free.[/QUOTE]
Yes they do lol
It’s literally called planned economy. They allocate resources(money) to companies and expect them to perform, not pay them back
[QUOTE=CelticBaller;13953373]Yes they do lol
It’s literally called planned economy. They allocate resources(money) to companies and expect them to perform, not pay them back[/QUOTE]
Exactly, they are paying them to produce...that's not free money. Free money would be handing out money and expecting nothing in return.
[QUOTE=TheMan;13953393]Exactly, they are paying them to produce...that's not free money. Free money would be handing out money and expecting nothing in return.[/QUOTE]
It is free money because that's money taken from another industry, losing profits on that sector to boost the other.
The U.S Gov makes money on bailouts. Planned economies don't by shifting resources
[QUOTE=CelticBaller;13953397]It is free money because that's money taken from another industry, losing profits on that sector to boost the other.
The U.S Gov makes money on bailouts. Planned economies don't by shifting resources[/QUOTE]
So why the hell were the GOP so up in arms when Obama bailed out all those businesses after the 08 crash? They were just loans, right? And they were all paid back IIRC.
The Obama bailouts had a rate of return of 0.6% over a time period where the stock market grew by more than 100%.
If anyone wants to loan me money at 0.6% ill gladly take it.