Elizabeth Warren: We're not writing blank checks to giant corporations. Any taxpayer $ will require:

[iluvtennis]

Elizabeth Warren@SenWarren
We’re not writing blank checks to giant corporations. Any taxpayer dollars that go to help big businesses during the coronavirus crisis should come with the following minimum requirements:
5:42 PM · Mar 17, 2020·Twitter Web App

We’re not writing blank checks to giant corporations. Any taxpayer dollars that go to help big businesses during the coronavirus crisis should come with the following minimum requirements:

1. Companies must maintain their payrolls and use funds to keep people working or on payroll.

2. Companies must provide a $15 minimum wage within one year of the national emergency declaration ending.

3. Companies are permanently prohibited from engaging in share repurchases.

4. Companies are prohibited from paying out dividends or executive bonuses while they are receiving any relief and for three years thereafter.

5. Companies must set aside at least one seat – but potentially two or more, as the amount of relief increases – on the board of directors for representatives elected by workers.

6. Collective bargaining agreements should remain in place and should not be reopened or renegotiated pursuant to this relief program.


7. Corporations must obtain shareholder and board approval for all political expenditures.

8. CEOs must be required to personally certify a company is in compliance and face criminal penalties for false certifications.

Congress must set up an oversight body, modeled on the Congressional Oversight Panel and the SIGTARP program for the bank bailout, but with real funding & subpoena power. We need real accountability to make sure these conditions are met.

----
Right on, Liz!!

[guillaumeb]

1. This is one reason that I backed Warren. eom

[pattyloutwo]

2. Why we need her for VP

Now more than ever

[uponit7771]

22. Seriously thinking about it

[jmowreader]

40. There's one overarching reason we can't select her for VP

The Commonwealth of Massachusetts has a Republican governor. We cannot, under any circumstance, allow the Republicans to fill her seat.

If Mass had a Democratic governor, I would agree with you: she’d be a great VP.

[Laelth]

3. Excellent. k&r n/t

-Laelth

[gratuitous]

4. What? Conditions on government handouts for giant corporations? Is that even legal?

Sure, the government has to watch every penny going to some single mother with three kids and a minimum-wage job. Because God forbid she has an extra nickel at the end of the month. But giant corporations need money, lots of it, and NOW. You start putting conditions on it, following up, forcing them to pay their workers more, and all the rest of it, and they might not come begging hat in hand next time. And then wouldn't you all feel just awful? You'd all be real sorry then, boy!

[Aquaria]

33. The only revision I would make

To this excellent post is to put “brown” in front of single mother.

Because that is what pisses off the conservafilth: brown people getting one penny of taxpayer money.

If it were some white trailer trash tramp with six kids by six different daddies, never a marriage license to be had, and who never worked an honest job one second in her life or tried to, they wouldn’t raise a peep.

[John Fante]

5. Warren makes me proud to be a Democrat.

[Faux pas]

6. Kicketty Kickin'

She was my pick

[kentuck]

7. She was my choice...

...for President.

[Mike 03]

8. She's wonderful. This is NOT too much to ask of these corporations.

Thank you Senator Warren for trying to look out for this country.

[Mr.Bill]

9. I agree on all points,

but Mitch will toss that right into the paper shredder.

[BeyondGeography]

10. Safe to say she was ready for this

Do it her way and get it right this time, Dems.

[Ohiogal]

11. Excellent!

God how I wish she would be our next President.

[MadLinguist]

13. Amen to that, Ohio!

Much as I lament her exit from the campaign trail, it is definitely so good to hear her voice again, persisting never the gott-dam less!

[TygrBright]

12. And she had a plan for this... n/t

[Hermit-The-Prog]

24. ... a plan that anticipates tricks.

[not fooled]

38. Exactly why Wall Street

really, really didn't want her to be the nominee...she's on to them.

[Hekate]

32. Kick!

[Takket]

14. yes yes yes!!!!!!!!!!!!!!!!

and for those corporations that turned all their profits over to the shareholders, looking at you airlines, LOANS, NOT BAILOUTS. They pay us back with interest!!!!!!!!!!!!!!

[wiggs]

15. AGREE. nt

[wiggs]

16. Someone is LEADING during a crisis! Dems always have to do the heavy lifting. nt

[ancianita]

23. Yep, cuz Republicans are the dopes and babies.

[yaesu]

17. These corporations spent their rich tax break on stock buybacks instead of using it to expand

production, help the economy so now we have to bail them out because of their fuck up?

[ancianita]

18. She's what a president looks like.

More on the legal double standard known as corruption...

[Evolve Dammit]

20. Really nice post. Thanks

[elias7]

19. what a chore for Obama to get $750 bil in stimulus in a bona fide recession

These people suck...

[ancianita]

21. THIS.

[lastlib]

47. To say NOTHING of the carmaker bailout!

To be fair, he was a black Dem--you know how repukes feel about "those people."

Oh, and soshulizum. Benghazi her emails. An' Freedumb!

I don't think I really need this, but JIC.....:

[proud patriot]

25. she still gets my Vote

[MoonlitKnight]

35. +1

[not fooled]

39. I cast my ballot for her today

weeks ago, I filled out my vote-by-mail ballot for her, long before she withdrew.

But, I made sure to get it in today, nevertheless. I was damn proud to vote for her.

[BigmanPigman]

26. The airlines better not get a bailout. Stephanie Ruhle and Robert Reich...

Robert Reich and Stephanie Ruhle said the same thing.
Robert Reich@RBReich

The biggest U.S. airlines spent 96% of free cash flow over the last decade to buy back shares of their own stock in order to boost executive bonuses and please wealthy investors.

Now, they expect taxpayers to bail them out to the tune of $50 billion. It's the same old story.

[PBC_Democrat]

44. The Airlines Should be Required to Sell Those Shares

on the open market.

'Maybe' some assistance like 25 cents for every dollar raised ib the stock sell-off

[splunge63]

27. She's a boss

Wish she was going to be the boss (my first choice). She'd be a fantastic VP.

[Ferrets are Cool]

28. I love EW. nt

[Magoo48]

29. She is just sooooo cool.

Thank you Liz.
You were the smartest and most creative of the lot.

Joe and Bernie should sign on now if they haven’t already.

[warmfeet]

30. What a wonderful, intelligent, caring, empathetic person.

She was my first choice in the primary, and I voted for her. I still think I made the correct choice. Damn, we need many more like her.

[lastlib]

49. She was the choice of my heart......and in a way, still is.

But taking a cold, hard realistic look, I knew how the repukes would savage her, possibly to the point that she couldn't be elected--and with the absolute priority of defeating the shitgibbon, I had to put my token elsewhere. It took me a REEEALLLY long time to do that, and it still hurts some. Seeing Joe beating that thing in polls assuages it somewhat, but I still long for what could've been............a Warren presidency of the people. I hope in the very near future, we find her younger twin!

[Brother Mythos]

31. Well done Senator Warren!

I am truly impressed with the thought and effort she put into creating this corporate bailout framework.

[Aquaria]

34. She wasn't my first choice

When the Democratic campaign trail began, oh so long ago, but she’s damned sure who I voted for on Super Tuesday, even though I knew she wouldn’t win. I will never regret that vote, and her stands on things like this are why.

[crickets]

36. Fatastic! This is how it's done. nt

[KPN]

37. This is why she would have made a great,

great President in 2021. I so hope she runs again in 2024.

[Turin_C3PO]

48. So do I.

Well, I don’t want her to primary Biden if he wins but if Orange Mussolini wins, then, yes, I’d love to see her run in 2024.

[cstanleytech]

41. Numbers 3 and 6 might have issues as

if say there comes a time when a company might need to negotiate due to unforeseen events? I think its only reasonable then that they have that option.
Going forward though and before we are out of this mess I would like the government to create a 4th branch of the government that's every bit independent as the other branches.
This new branch is headed by the DOJ and the head of the DOJ is nominated by the President and voted on by the House (though if the House keeps the seat open for 8 months the power to vote on the nominee is given to the Senate) not the Senate for 3 years and can be appointed only once for a second term of 9 years but only if they receive 80% of the vote for the 2nd term from the Senate this time and not the House.
Part of their mandate will be to process and judge applications for stock buybacks in the future and they have the power to reject the companies attempt if it will hurt the company and the workers more than it helps.
The other part of their mandate will be to oversee any negotiations the companies engage in with workers but in this case the mandate stipulates that the goal has to be to preserve as many of the workers current jobs, pay and benefits as possible depending on the company's current financial situation and the reason why its in the situation.
After all if a company needs to trim its workforce as the only way it can remain solvent for example then it needs to do so as things do change but if a company wants to trim the work force because it wants to pay more money to the shareholders then it should be rejected.

[BlueMTexpat]

42. She was my choice for

President!

She still is and will remain so. Even though I must cast my MD primary vote for one of the two men still standing. Doing otherwise is not an option for me.

But I will also be casting my MD votes for delegates to the Democratic Convention. I have a list of those who endorsed Warren prior to her dropping out of the primaries and will be selecting from among them only, except for one who was uncommitted. I know him personally and he will be an excellent delegate to the Convention. In a way, I am still getting to cast meaningful votes FOR Warren.

Her ideas will remain at the forefront in 2020. That should be a comfort to us ALL.

[Wounded Bear]

43. K & R...for visibility...nt

[JudyM]

45. K&R. Righteous.

[CrispyQ]

46. I was proud to vote for this woman in the primary. -nt