The Soapbox

Beerman

Joined: 08/14/1998 Posts: 9560
Likes: 13100


I would argue the reverse


Loans to businesses don't actually support economic activity if the seething masses of humanity aren't participating in commerce. They are, at best, a terribly inefficient means of transferring cash to those same seething masses that relies on employers to apply and receive those funds, and then usefully disburse it to their employees. The past nine months are replete with tales about all the different ways the PPP program has been misused and abused.

I would argue that direct support to individuals (whether it be blanket cash to all citizens, some sort of means tested distribution, or turbocharged unemployment insurance) provided on a regular and predictable schedule (e.g. every month, or two weeks, or what have you) would help grease the wheels of commercial activity of all sorts. People with secure and predictable income would buy more crap, and businesses would be better able to function normally because of said sales of crap.

(In response to this post by psychobilly)

Posted: 12/28/2020 at 5:48PM



+2

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
Honest question for the conservatives ... -- Blah 12/28/2020 12:47PM
  I’m no conservative, but I’m with Abe on this one -- WahooMatt05 12/28/2020 4:43PM
  Good question -- three responses:... -- Los Angeles Hoo 12/28/2020 3:53PM
  On #1 -- Beerman 12/28/2020 5:41PM
  I agree with part of your second point. -- Newt 12/28/2020 4:22PM
  Thanks -- appreciate the post. ** -- Los Angeles Hoo 12/28/2020 5:14PM
  No, I think you're right... -- Los Angeles Hoo 12/28/2020 5:30PM
  I pointed out the... -- Los Angeles Hoo 12/28/2020 5:10PM
  I'm a John Kerry flip flopper on it, tbh. -- HAZER 12/28/2020 2:36PM
  I'm in this boat as well -- CMUHoo 12/28/2020 3:17PM
  True. Same holds true re: aid to states and cities that so -- hoolstoptheheels 12/28/2020 2:00PM
  Doesn’t the payout, whether $2k or $600, only go to -- hoolstoptheheels 12/28/2020 1:15PM
  I would be in favor of that -- Beerman 12/28/2020 1:51PM
  I got no problem lowering it, just make it fair. ** -- Cold Hoober Hoo 12/28/2020 1:53PM
  Because GovCo ... ** -- WaxHoo 12/28/2020 1:43PM
  Perhaps -- Beerman 12/28/2020 1:53PM
  Nope, it does not. ** -- hoolstoptheheels 12/28/2020 1:25PM
  Yep ** -- HAZER 12/28/2020 2:12PM
  I don't understand it, except as populism -- Joey Wahoo 12/28/2020 1:00PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307