Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

orwell

(7,782 posts)
11. And the Fed...
Thu Apr 9, 2020, 12:02 PM
Apr 2020

...announced this morning they are going to lend another 2.3 trillion to states, municipalities, and "small and medium sized" businesses.

So we now have around 8 trillion dollars in either direct Fed intervention or Congressional bailout. And there is talk of more.

So much for the invisible hand...

Remember how Medicare for all priced at 10 Trillion over 10 years was "socialism."

I guess it's not "socialism" when your are authorizing 8 Trillion in less than a month...

Latest Discussions»Latest Breaking News»Exclusive: Wall Street fi...»Reply #11