3309 Drysdale Ct
Edwardsville, IL 62025
The Fed bailouts I understand are necessary at this moment.
There are many problems going forward tho. This will
sap GDP for a long time (ex. Japan). The unemployment
situation needs to be amended. This weekend I was at a
grocery store and the clerk (male in his 30's) started chatting
with me. Asking me if I got my bailout check. I said I
had not, I do not qualify and that if I did I would send it back so
that someone who really needs it can have it. He then told
me he had been laid off as an electrician and took this job as a
grocery clerk to support his family. I commended him for that
and that is the type of mentality that i was raised by (to work
hard and never always do what is necessary to provide for yourself
and family). He then told me that the woman that was before
me, was happy that she is now getting $600/week from the government
and doesn't have to work her 'crappy' part time job. He was
stunned that this woman who worked part time is making more than
him a week and doesn't even have to work. Something is
very wrong here. This guy is doing the right thing and
working in a place that exposes him to people who could be carrying
Covid-19, get sick and get his family sick. There is
no way that this should be ok. I have friends who own small
businesses and they finally a loan to help with payroll for four
weeks and they can not get their workers to come back to work and
in order for them to keep the loan the agreement is to have full
employment. They can not hire illegal people either because
it has to be all on the books. This is going to be a big
problem. 70% of GDP from small business in this country.
We are fostering generations that are addicted to
"bailouts". This country needs to figure out how to reward
those that are working, especially in high risk jobs that exposes
them to Covid-19 (grocery stores, etc..). We can not applaud
people that chose to not work when it is available now. I was
raised to work hard, take any job to support yourself and not to
rely on the government.
I agree with your sentiment, but the woman in line before you
isn't the real problem. Let's first address the biggest
outrages in front of us: corporations and banks being bailed out.
Back in 2008 when Goldman Sachs was on the ropes, the federal
government stepped in with $10 billion and bailed them out.
Feds didn't even insist on a % interest in future profits in
exchange for the risk they were taking on. All downside risk
without any upside other than the possibility the funds would be
paid back. Goldman were not the only ones, and I suspect much
the same is happening once again. With that backdrop, it's
hard to get worked up about people taking advantage of the $600
Agree. You have to look at who was leading the Fed at the
time all ex-Goldman employees. Anyway. If you cannot
get people to work in grocery stores, etc... We will not be able to
get essentials. That's a problem.
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