As distasteful as it sounds, the federal government is going to have to step in with money, loans,
tax breaks, and every other weapon in its arsenal; perhaps temporarily, but maybe not.
"We will make the
trainsplanes run on time!"
Posted on 03/19/2020 4:18:22 AM PDT by Kaslin
We need federally assisted/subsidized business interruption insurance first.
Every business has to have skin in the game.
Refuse to have coverage, no bailouts for losses not covered by insurance.
American taxpayers need protection, too.
If you even mention trying to bail out business and bring manufacturing back to America you will be labeled a “RACIST” and very quickly! The loons on the Left have NO bounds to their depravity.
>>”We need federally assisted/subsidized business interruption insurance first.”<<
As long as they are American companies and manufacture all their goods here.
Yes! Yes! Yes!
Thirty years, everyone has been selling out America, to China.
Democrats. Republicans. Every single person.
Until Donald Trump. :)
Right businesses have insurance to fall back on, if you don’t, aw well
It will be a curious incentive...you only get government ‘help’ money, if you make the product in the country. I can see the management guys fumbling around and suddenly grasping that 90-percent of what they sell in the US....isn’t made there or in Mexico/Canada. If you wanted to destroy the Chinese-connection, you could achieve that in less than one year. Job-wise, virtually every single American (even kids around the age of 16) would be employed and working somewhere.
Insurance doesn’t kick in for war or national emergency.
There may be biz that are totally bleeped because their policies don’t pay out for force majeure.
That said, I have sympathy for biz that at least tried to protect themselves.
And, for once, I can see a roll for Fedzilla in providing a backstop to enable biz to get coverage that will cover an event like this.
But for biz who think they have a right to stick the taxpayers with their fiscal irresponsibility, I have 2 words: Screw you.
Insurance? For a disaster such as this? No, just tonight it was explained that insurance does NOT cover events such as a this. A natural disaster, YES; but not a pandemic. Assume this to be one of their infamous ‘clauses’ (ie “act of God”.)
But this is opening a pandoras box that future administrations with the stroke of a pen could change the rule to allow assistance to foreign companies, and those companies that have little to do with America. So, not sure how you would regulate this.
We need deregulation. It was over regulation that drove US businesses to the ChiComs in the first place.
Maybe if most of these companies like the airlines in particular hadn’t been buying back massive amounts of their stock to jack up the share value I might be more sympathetic.
It wasn’t just over-regulation.
It was bribery.
Who decides which is ‘important’?
Are we now to let gummint select who WINS and who LOSES?
There’s a word for this and it ends with ‘ism’.
shush...
This is the reality that is being ignored in the rush to destroy the world’s economy:
“99% OF THOSE WHO DIED FROM VIRUS HAD OTHER ILLNESS ITALY SAYS”
That and unionization, which drove manufacturing costs so high we couldn't compete against products that were produced with non-union labor.
I have a serious medical condition that would likely prove fatal if I got the virus, but I am less scared of the virus than I am of the economic devastation that will impact my children. I am taking reasonable precautions but am not hiding at home. I’m still working albeit with significant social limitations, buying food and trying to support some restaurant friends who are barely clinging on in the midst of this panic. If I die a few years earlier than my doctor predicts, c’est la vie. I have certainty this virus will die out. I am far less certain about the recovery of the economy.
As distasteful as it sounds, the federal government is going to have to step in with money, loans,
tax breaks, and every other weapon in its arsenal; perhaps temporarily, but maybe not.
"We will make the
trainsplanes run on time!"
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