Americans live in two separate and unequal worlds
And the bailouts reflect this. In early March, the Fed kept
cash flowing -- and limited losses for some billion-dollar hedge funds that
made wrong-way
bets with borrowed money. For some, what could be called the Fed’s triumph
of efficiency could also be interpreted as rewarding
rich gamblers. Neighborhood business owners, many of whom did the right
thing by closing their doors to help stop the spread of the virus, have had to
white-knuckle it for weeks. Some of the 1.7 million applicants approved for PPP
loans describe bureaucratic runarounds. Those like Robyn Shultz sweat it out,
waiting for the Treasury Department to calm the confusion and for Congress’s
additional resources to arrive. “I was told I was caller
number 1,403, and it would be around a three-hour wait,” said one applicant.
“I stayed on the line for several hours before it went dead. I never ended up
connecting with anyone.” Many small businesses say they are angry that bigger
companies have gotten PPP loans and they haven’t. On April 19, several
small businesses filed a lawsuit in federal court in Los
Angeles against four lenders -- Wells Fargo & Co.,
Bank of America Corp., JPMorgan Chase & Co. and US Bancorp -- accusing them
of approving
big loans first. Many
big businesses have access to money but took PPP ‘loans’ because they are
free. “I really have no faith,” Shultz said. “I have no faith in the system. In
this government. In this leadership.” Again, it is socialism for the rich.
From have-not to haves: https://www.amazon.com/Americas-Socialism-Rich-little-people-pay/dp/1535218584
Investors opened IRAs at a record level in the first quarter
Millennials, the Fidelity report noted, accounted for a
majority of the new IRAs, with contributions among that group increasing 41%
over last year, while the amount they contributed increased 64%. Among female
millennials, the number of IRAs increased 20% from a year earlier.
Surprisingly, market swings did not hold investors back from moving money into
their accounts. Hardship loans averaging $10,550 were up slightly before the
virus hit on a mass scale. The CARES Act allows more flexible withdrawals so
future rates will be higher. Investors did not make big changes to their
portfolio asset allocations even with market downturns. Most investors seem to
be “staying the course” as John Bogle Vanguard found used to advise. Impatience
leads to losses.
Wisdom and patience: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045
State revenues are negative
No sales tax and huge unemployment comp bills spells higher
taxes or cuts in local services. Not enough tests,
lack of personal
protective equipment, 24
million newly unemployed, not
enough ventilators, tens of thousands of shuttered business. Our GOP Senators
have said they
don’t want to help our states out. They are busy helping their friends in
high places who will pay for their next election. Trump
will give cash-rich oil companies direct access to our Treasury. That means
our federal income taxes will go up to pay off the federal deficit. Some blue
states have had to buy their own medical equipment at gouged prices. The feds
have just come and taken it. Jared, Trump son-in-law says of the fed
supplies: “it's supposed to be our
stockpile,” not the states.’ So with less coming in and more going out and the
GOP advocating bankruptcy, we taxpayers will be asked to step up and pay more. Many
wealthy people have already moved out of the states, so they won’t be
paying their fair share. Don’t pay their taxes.
Tax-FREE retirement account: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
**********ACCOUNTABILITY**************
Idiot declares: “We have the
right to do whatever we want”
Idiot’s idiot;
I
don’t wear mask at clinic since “I
don’t have virus”
Idiot: virus will “be eradicated” by November
How Govt wastes our money: Congress spends another 3.7 Trillion we don’t have!
Trump
to give cash-rich oil companies direct access to our Treasury: we pay the taxes
Trump
tells post office to raise price for Amazon or lose $10 B: he hates Jeff’s
Post.
Trump’s
Agi buys crops it then destroys: Hey, Sonny, food pantries near empty
LA
Lakers take $4.6 Million in small biz money: millionaires don’t need $1200!
Gamblers
get Fed bail out: We reward poor management: we pay their tax later.
SCAMS/SPINS:
Trump tried his
cures—shoots
up ‘disinfectant’ and UV rays—lives: proof of devil?
Immunity? no
evidence recovery prevents second C-19 infection we need national testing
Trump
watches too much TV: bogus
cures, theories, fake news, non-science, nonsense, BS radio
They
sent you money by ‘mistake’ scam: Never return free money without court
order.
Trump’s
lawyer to sue your state Gov if keeps you safe at home: Blue states, esp MI!
Too
much crazy conspiracy even for Fox: 2 black women prez ‘advisors’ dumped
Did
you get the Idiot’s letter? “Every citizen should take tremendous pride
…”in me!
FL
hiding the C-19 death toll: GOP stopped ME report actual deaths
C-19 insurance
scams: some
sort of COVID-19 coverage: it is fake coverage
Merrill Lynch, Eagle
Strategies, Cozad Asset caught
selling high-cost fund shares.
Tony Russell Joseph
Batts Damien Askew Rudolph Sanders caught
tax prep scam
Nathan Duane Oeming caught
in child prostitution sting: defrocked
Jobs
Would a new New Deal
infrastructure
bill create more jobs quicker than relief checks?
Police stop cook
from moving from train car to next by shooting him in the back?
Who owns your account now?
Universal health care: Trump’s favorite Brit now
swears by National Health Service
Some Americans would avoid health care
even if had virus: fear costs: health bankruptcy
FamilyinTouch: ways
to stay in touch with family friends business: costs/convenience
NJ
gives property taxpayers 1 month grace: May 1 to June 1: take home after
June 1.
Bank rip off: few banks pay 1.5%
on your emergency cash: online: credit
unions 1.8%
Miracle:
Navy admits mistake:
Crozier
goes back to USS Roosevelt after saving lives.
Dem’s Dream Team: Andrew-Michelle?
Trump
promises NOT to do ‘news’ conference daily … weekly… monthly! Lied again
Couples’ therapy for
$99: life was
hard enough before getting stuck at home.
Google
Meet free with your account: stay in touch for free.
World tour without
people: stay at
home means some fantastic AP pics
IAN
41 Watchung Plaza,
B242
973.746.2014
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