For those who haven’t filed this year’s tax return, the 2018 tax return will be used.
I’m sure Trump and his family don’t need the subsidy. Besides, they’ve already benefited handsomely these past 3 years with foreign governments booking lots of rooms in those hotels, even as nobody slept in those rooms. I’m no fun of the dems, but Trump isn’t a victim.
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This is false. The ban is on government officials. It prohibits businesses controlled by the president, vice president, members of Congress and heads of executive departments from participating in the loan or investment programs. In addition, the children, spouses and other relatives will also be banned.
Note that Members of Congress banned themselves from participating. That includes Democrats.
Please be careful to get the full story and not propagate misinformation.
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Neither am I. I don’t worship evil. But what about all the thousands of employees who work in those hotels? Fair is fair. If you help hotels, all should be included.
Interesting, though, that Trump has signed onto this compromise regardless. He places the well being of the American people ahead of partisan personal political attacks.
Fortunately no Democrat officeholder has ever benefited as a result of their government “service”. 
Seriously? You cannot be that biased . . . . I hope. This provision was clearly designed to harm Trump. None of those others has a business stake anywhere close to POTUS.
The coronavirus task force news conference will take place at 4:00 pm CT, just a bit more than four hours from now.
Note that these things often begin late.
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Gosh, that really sucks!
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Yeah. It makes perfect sense to give massive bailouts to companies that were already failing (“great companies like Aboeing. Who had some trouble last year and then had some double trouble”) rather than funding the state governments to cover costs from the pandemic and a backstop on individuals damaged. Let’s pretend a few weeks (WH timeline. If it’s wrong, then THAT’s what you should be yelling about.) of NOT paying employees and just floating already-near-0% loans represents Trillions in expenses through no fault of the companies.
It makes perfect sense to approve multi-trillion bills before they’re even written without any discussion or review (the previous days’ “failed” votes to proceed that were actually on skipping the floor discussion of “shell billls” in the Senate). By “affirmation” without representatives even allowed to affirm or not.
I’m sympathetic to your line of thinking. But Republicans and Democrats are all we have (I am neither). Conservatism and fiscal restraint are largely dead and buried.
Many Americans are frightened and hurting. I know of no other achievable approach to helping them aside from some sort of compromise between Republicans and Democrats. Is the legislation arrived at what I would choose “if I were King”? It’s not close.
Um, and how many public officials are actually affected?
I seem to recall similar sentiments regarding TARP, which was essentially the same. And ultimately scored the government a profit.
Everyone was rabblerousing over giving corporations a half trillion with no strings attached - ignoring that fact that it is a loan, and repayment is the ultimate string. Individuals are the ones being given lots of money with no strings attached.
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DJIA now up over 900 points. Hope this trend continues.
Apparently the market believes this compromise will pass.
On chance it does not . . . . . . look out below!!
In California, in England, in the NYC metro region, and elsewhere certain people are fleeing the virus. These are people who own second homes, vacation homes, hunting camps . . . whatever . . . in rural regions. Dr. Berx yesterday said such escapees from the city must confine themselves, wherever they end up, for fourteen days. We rural folks know that will not happen in every instance.
And these city people are dangerous to us. I think it was Dr. Fauci who said their rate of infection is far higher than the rate for folks, like myself, who are rural natives. Yet it remains a free country. There is no way we can force these people to remain at home or compel them to self isolate for fourteen days. Just for starters, they will need to shop for food, probably more than once during those fourteen days.
In addition, we do not have here the high level of medical services they are leaving behind. We have enough to care for the natives, but not enough to accommodate waves of incoming city people, especially given they are more likely than ourselves to become sick.
For someone like myself at special risk for the virus, this is really a concern.
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“Even today’s big gain in the S&P 500 looks less rosy when put in historical context. The index’s 9.38% rise made it the 10th largest ever, knocking March 13’s 9.3% gain to 11th place. This is not a list you want to make, however, note the folks at Bespoke Investment Group. “It’s great to finally get a respite from the beat downs of the last month, but we would note that looking at the S&P 500’s ten best days on record, today’s gain doesn’t share the greatest company,” Bespoke writes. “Of the nine other days on the list, they all either occurred during the Great Depression (7) or the Financial Crisis (2).””
“In fact, bear markets have often been slow to find a bottom, writes Red Tortoise’s Rex Macey. The 1929 bear market that launched the Great Depression took 2.7 years to find a bottom, while the bear that started in 1937 took 5.1 years. The bear that started in 1973 took 1.6 years to trough, while the dot-com bust took 2.5 years. The financial-crisis bear took 1.4 years from top to bottom. “It’s particularly interesting that the market has fallen farther faster than in any of these bear markets,” Macey writes. “It could take a long time to recover.””
“The one exception: 1987, a selloff that had more to do with liquidity and positioning than anything economic, though it certainly didn’t feel that way at the time. Even then, the market also dropped below the initial low before finding a bottom.”
I suppose the normal caveat applies: “past performance is not indicative of future results”
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Yeah, nothing is for certain. But surely hope it stops declining and turns around. Many people are hurting and could use some help.
This story here makes wonder about the tests we are using in the US.
I really hope they improve the accuracy and the protocol for taking the sample.
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I just don’t see how anyone can gauge the economy outlook right now with any accuracy. It’s all just a gamble.
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No question of that. Up is much better than down, but it could turn around and go south at any time given this coronavirus.
Truly we have here yet another black swan. And dammit, I never can see them coming. Never!!
I thought Trump supposedly divested… Maybe blame him if his workers aren’t able to get paid because the hotels aren’t eligible for bailouts. If he had actually divested, his hotels would be eligible.
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