Democratic Primaries
Related: About this forumSanders Calls for 'Unprecedented Legislative Response' to Coronavirus Crisis--Not Corporate Bailouts
Sen. Bernie Sanders is raising the alarm over the Senate economic stimulus bill being drawn up to combat the domestic effects of the global coronavirus pandemic, warning that the legislation is being unduly influenced by lobbyists and business interestsnot the American people.
"Now is not the time to allow large corporations to take advantage of this horrific crisis by ripping off U.S. taxpayers and profiteering off of the pandemic," the Vermont senator said in a statement Sunday.
The $1 trillion stimulus bill is being drafted in the Senate and the chamber's leadership aims to vote on the legislation on Monday. Reportedly included in the bill are a number of provisions assisting industries affected by the fallout from the coronavirus outbreakhuge bailouts that Sanders said were too much to ask the American taxpayer for in a time of crisis.
According to Sanders:
Just in the last few days, we've seen numerous examples of lobbyists and their agents fighting for special favors: the airline industry is asking for $50 billion, the private space industry is asking for $5 billion, the hotel industry wants $150 billion, the National Association of Manufacturers wants $1.4 trillion, the International Council of Shopping Centers wants a guarantee of up to $1 trillion, Adidas wants to sneak in a long-sought provision allowing people to use pretax money to pay for gym memberships and fitness equipmenteven when many gyms and retail stores are closed nationwide, and corporate pork producers are using the coronavirus to push Congress to expedite guest worker visas, even at a time when international travel and immigration is largely shut down.
(snip)
https://www.commondreams.org/news/2020/03/22/sanders-calls-unprecedented-legislative-response-coronavirus-crisis-not-corporate
primary today, I would vote for: Undecided
we can do it
(12,732 posts)primary today, I would vote for: Joe Biden
Me.
(35,454 posts)instead of Vermont?
primary today, I would vote for: Joe Biden
The Velveteen Ocelot
(120,154 posts)primary today, I would vote for: Joe Biden
robbedvoter
(28,290 posts)primary today, I would vote for: Joe Biden
George II
(67,782 posts)...until Friday afternoon or even Saturday afternoon.
Leaders Dick Durban and Chuck Schumer were there on Saturday, speaking on the floor of the Senate.
primary today, I would vote for: Joe Biden
George II
(67,782 posts).....his "corporate" BS.
Guess who's manufacturing respirators? Guess who's manufacturing masks? CORPORATIONS!!
primary today, I would vote for: Joe Biden
Thekaspervote
(34,411 posts)primary today, I would vote for: Joe Biden
NYC Liberal
(20,331 posts)But nobody wants to work with him because it's always "my way or the highway."
primary today, I would vote for: Joe Biden
George II
(67,782 posts)....being done about it from him.
All he does is fire these missiles from an undisclosed location.
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)who are making masks and respirators.
Or are they in the list and I'm just missing it?
I have no problem with him raising the alarm about what these Corporations are asking for from home or anywhere else.
He doesn't need to be at the Senate to point out what unreasonable shit they're asking for.
This is unfair criticism, and he's making good points.
MHO.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)Of course there's also "Wall Street" (on which he has more than $1 million invested) and the "fossil fuel industry", neither of which he shies away from personally supporting.
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)Medical Equipment companies are not in the list.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)primary today, I would vote for: Joe Biden
Cha
(304,720 posts)primary today, I would vote for: Joe Biden
Blue_true
(31,261 posts)primary today, I would vote for: Joe Biden
mcar
(43,380 posts)who are fighting for a better package.
primary today, I would vote for: Joe Biden
NCProgressive
(1,315 posts)primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)In the meantime according to some proposals including Bernie's those employees should be getting direct pay from the U.S. government until this crisis subsides.
primary today, I would vote for: Undecided
Demsrule86
(70,914 posts)primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)we have a myopic view of what the economy is, with corporate welfare reigning supreme over the best interests of the actual people, of course that's true in good times as well as bad.
primary today, I would vote for: Undecided
George II
(67,782 posts)If things continue as they appear, he'll do much worse than his first time.
primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)about whether I would ever support him in a primary...and the answer is never.
primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)You need an economy and you need jobs. This is why I won't vote for candidates like Sanders ever in Primary. I am pragmatic and believe in regulated capitalism and want leaders who understand the importance of a good economy.
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)It's the same bailout.
Pay the corporations directly the f****** executives will line their pockets and give the workers as little as possible.
Let the executives take the pay cuts, they're the 'captains of the ship', and they're the ones responsible for not having set aside funds for emergencies like this.
Personally I like Bernie's plan better.
primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)The economy would be destroyed. People need jobs.
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)And no executive bonuses or stock buyback, under threat of CRIMINAL penalties, where executives will be accountable, and their own personal fortunes are at risk. And considerable worker pay protections, including insurance payments for one year for everyone laid off.
Only then ... am I cool with these trillions being handed out.
And I don't think that's going to happen under Cheetolini and The Turtle.
primary today, I would vote for: Joe Biden
NCProgressive
(1,315 posts)especially when they require a serious infrastructure like auto manufacturers and airlines.
It is the height of lunacy to think that by making existing corporations go under, new ones would pop-up like mushrooms.
This demonstrates that Bernie's policy is not rooted in any empathy for workers but is a reflection of his personal hatred of successful companies and rich people who start and manage them.
I see no reason not to bail out corporations with strings attached like Obama did -- loans at above market rates collateralized by a substantial stock in the companies. It will save millions of jobs for "working people" who Sanders seems to champion for.
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)Also, remember the bank bailouts? And those were done with a Dem House and Senate.
It was executive bonuses all around.
You think Trump and a Repub-controlled Senate is going to make an Obama-like policy (Dems controlling both Houses at that time as well)?
C'mon now.
primary today, I would vote for: Joe Biden
NCProgressive
(1,315 posts)that employees will be paid directly but corporations would be let go under. Now, if the corporations go under, who pays the corporation's creditors, vendors, landlords, non-salaried people like dealers?
It is naïveté packaged inside populism with ZERO economic thinking behind it.
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)My take was that the 'go work for other corporations' was not a serious suggestion but I could be wrong.
We COULD help the corporations ... but also the workers directly.
The most important thing in my view is that they're not helped for free ... they need to give up stock and these need to be LOANS that need to be paid back.
If corporations can't be responsible enough with their money and savings to survive major slowdowns such that the taxpayers have to bail them out, then maybe they are a flawed business model.
Us regular folks are expected to do just that ... on a LOT LESS.
Maybe there's really NOT enough money in these businesses to pay the top people hundreds of 1000's or millions/year.
Maybe they need to be taught that lesson the hard way.
primary today, I would vote for: Joe Biden
NCProgressive
(1,315 posts)primary today, I would vote for: Joe Biden
The Magistrate
(96,043 posts)Bean breeze, nothing more.
primary today, I would vote for: Joe Biden
The Magistrate
(96,043 posts)Loans with strict conditions, and a receiver's oversight, would be an excellent way to handle the aim, combined with direct payments to people out of work or on short hours. The objection by business types to the latter makes little sense to me --- the money paid to people out of work or on short hours will wind up in their coffers anyway. People will spend it, and someone will profit every time they do, all along the line. 'Relief' programs don't subsidize people, they subsidize businesses people patronize with the funds 'relief' provides people.
"When things are not called by their right names, what is said cannot make sense. When what is said does not make sense, what is planned cannot succeed. When plans do not succeed, people become uneasy. When people are uneasy, punishments do not fit crimes. When punishments do not fit crimes, people cannot know where to put hand or foot."
primary today, I would vote for: Joe Biden
mr_lebowski
(33,643 posts)primary today, I would vote for: Joe Biden
The Magistrate
(96,043 posts)I thought President Obama ought to have been far stricter with the banks. In fact, that was one instance where what would in effect be direct payment to people would have worked well --- aid to the banks being paid back in the form of credit to outstanding mortgage accounts.
primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)it's a natural occurrence of a capitalistic driven economy.
There will be new corporations that pop up driven by the profit motive, someone will need to create supply for the peoples' demand; if the government has propped up the people with the ability to dictate demand by paying them during this crisis.
However just helping marginal corporations stay afloat is too narrow a remedy for the malady, there simply won't be enough demand in allowing those businesses to flourish and millions to tens of millions of American will suffer greatly.
primary today, I would vote for: Undecided
NCProgressive
(1,315 posts)primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)primary today, I would vote for: Undecided
Demsrule86
(70,914 posts)depression, I do not...And again this is why I don't support Sanders...he would never be able to deal with the economy. His views are very rigid and anti-business. People need jobs.
primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)of any economy or a the very least any forward thinking, sensible political, economic leaders should keep it in consideration.
Corona virus is not the first and it won't be the last.
primary today, I would vote for: Undecided
Uncle Joe
(60,013 posts)of working from home....especially nowadays considering the subject material of the OP.
primary today, I would vote for: Undecided
George II
(67,782 posts)...is a Senator, he can't "work from home", especially since the Senate will be in session at 2:00 PM this afternoon. I'm curious if he's going to be there this afternoon?
Even Joe Biden, who right now is a private citizen, has been doing more.
primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)dealing with this corona virus?
primary today, I would vote for: Undecided
George II
(67,782 posts)...say much positive about Biden, nor will Jacobin.
Even if he said nothing (which is FAR from the truth!) remember - he's a private citizen. He can't introduce anything in the Senate, he can't go to the floor of the Senate and debate with the republicans.
Why has the Sanders campaign and his supporters suddenly come up with this FALSE claim of "we haven't hear anything from Joe", "where's Joe", blah blah blah.
Did you miss this, among many other proposals and statements he's made since the last three primaries:
https://www.democraticunderground.com/1287678918
primary today, I would vote for: Joe Biden
George II
(67,782 posts)All we've seen from Sanders is tweets saying "we can't....", "we have to.....", "we should.....", etc.
primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)except...I concede and endorse Joe Biden.
primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)Washington (CNN)Republican Sen. Rand Paul of Kentucky has tested positive for coronavirus, making him the third member of Congress and the first US senator to be diagnosed with Covid-19.
(snip)
https://www.cnn.com/2020/03/19/politics/coronavirus-test-positive-lawmakers-list/index.html
Perhaps the Senate should be working from home, I see no reason as to why they would be any more immune to the Corona Virus than any other business or institution.
primary today, I would vote for: Undecided
Demsrule86
(70,914 posts)I won't forgive him for helping Trump by not conceding during a national emergency. We need to be able to turn to the General and Sanders supporters are still attacking Biden...don't kid yourself.
primary today, I would vote for: Joe Biden
MineralMan
(147,334 posts)Why isn't Bernie at the Senate, Joe?
primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)I believe Bernie is doing what every conscientious American is doing reducing his and the public's' exposure to the corona virus.
The Senate knows what Bernie stands for what he supports and what he doesn't, they have telephones, Internet and all those wonderful features, if it came down to a vote, Bernie could be there in hours.
primary today, I would vote for: Undecided
Demsrule86
(70,914 posts)primary today, I would vote for: Joe Biden
comradebillyboy
(10,424 posts)constructive or helpful. His only skill is throwing stones from the sidelines.
primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)primary today, I would vote for: Joe Biden
W_HAMILTON
(8,372 posts)primary today, I would vote for: Joe Biden
msongs
(69,980 posts)primary today, I would vote for: Joe Biden
The Magistrate
(96,043 posts)People care what he does, and he does nothing except strengthen the hand of the Republican party.
He is hardly leading on this, Professor Warren is as usual way ahead of him, and she is far from alone, you may be sure. She actually has allies, and people pay some attention to her.
Useless as teats on a boar hog....
"When things are not called by their right names, what is said cannot make sense. When what is said does not make sense, what is planned cannot succeed. When plans do not succeed, people become uneasy. When people are uneasy, punishments do not fit crimes. When punishments do not fit crimes, people cannot know where to put hand or foot."
primary today, I would vote for: Joe Biden
comradebillyboy
(10,424 posts)As always. Bernie stands on the sidelines and complains about the folks actually working on the problem. He doesn't know how to do anything else. Even the stinking Republicans are more productive.
primary today, I would vote for: Joe Biden
jmowreader
(51,361 posts)In legal terms, what we are going through is a force majeure - an occurrence beyond the control of either party in a contract. Businesses arent at risk of failure because of bad investments, embezzlement or corruption, but because the 21st Century Bubonic Plague hit.
Youre incorporated? Fuck you, I hate corporations; you deserve everything that happens to you is not what we should be doing - and it is most definitely not what Sanders should be advocating.
We need tight controls over bailout funds to ensure none of the money goes to stock buybacks and executive bonuses...but helping companies get back on their feet is the right thing to do.
primary today, I would vote for: Joe Biden
The Magistrate
(96,043 posts)Incorporation is, at bottom, simply how investment is pooled beyond the means of a single individual or family. Like fire 'a good servant but a bad master', yet there is nothing inherently pernicious in the concept.
primary today, I would vote for: Joe Biden
jmowreader
(51,361 posts)The nice thing about the corporate veil: if you get a malicious and deep-pocketed customer who decides to sue you for no good reason, incorporation (in many but not all cases - there is a process by which the corporate veil can be pierced, but you must have really screwed up to have that happen) keeps this person from taking your house and other personal assets.
And a nice compliment from The Magistrate? I'm verklempt. Thank you, sir.
primary today, I would vote for: Joe Biden
MineralMan
(147,334 posts)I understand that you are in Vermont, rather than in DC. There's stuff going on in the Senate, Senator Sanders. Perhaps you should be there.
primary today, I would vote for: Joe Biden
beastie boy
(11,027 posts)primary today, I would vote for: Joe Biden
NCProgressive
(1,315 posts)The tribe has spoken ...
primary today, I would vote for: Joe Biden
Magoo48
(5,138 posts)primary today, I would vote for: Undecided
NCProgressive
(1,315 posts)The "bailout" shall be a debt at above market rates collateralized by equity and control in those corporations.
"The people" (that would be you and I and other august members of taxpayers of America) made money from the past bailouts -- as much as 107 billion dollars between 2008 and 2013.
primary today, I would vote for: Joe Biden
Magoo48
(5,138 posts)primary today, I would vote for: Undecided
Gothmog
(153,882 posts)primary today, I would vote for: Joe Biden
BeckyDem
(8,361 posts)primary today, I would vote for: Joe Biden
BlueIdaho
(13,582 posts)If you want to promote legislative fixes you need to be sitting with the decision makers - not back home in Vermont.
primary today, I would vote for: Joe Biden
comradebillyboy
(10,424 posts)Certainly not doing his job in the Senate.
primary today, I would vote for: Joe Biden
BeckyDem
(8,361 posts)primary today, I would vote for: Joe Biden
Uncle Joe
(60,013 posts)primary today, I would vote for: Undecided
Demsrule86
(70,914 posts)primary today, I would vote for: Joe Biden
Demsrule86
(70,914 posts)primary today, I would vote for: Joe Biden
Hekate
(94,322 posts)primary today, I would vote for: Joe Biden
RandySF
(70,241 posts)primary today, I would vote for: Joe Biden
Gothmog
(153,882 posts)primary today, I would vote for: Joe Biden
NBachers
(18,081 posts)primary today, I would vote for: Joe Biden