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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Barrack: We're in a Liquidity Crisis, Not a Credit Crisis" video.
It's a liquidity crisis, financial crisis, supply chain crisis, economic lockdown, health crisis, unemployment crisis and a rolling crisis of shortages of critical goods. That probably doesn't cover everything going wrong now.
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Isaac Dozier Billions and trillions to bail out badly run corporations, but they treat human citizens like garbage. Apply for a job where? We get to a certain age and most of us aren't physically able to work in an Amazon warehouse or grocery store. Where were the Democrats on forcing the Republicans to loosen up on unemployment rules? Boeing got $70 billion. What an expensive joke! There was no vote in the house because the Congressmen didn't want this bill to be used against them in the election. I'm ready to vote against anyone currently serving in the House and Senate.
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Banks and bonds are for loans. Congress passes bailouts. I'm fine with small businesses getting grants or loans that don't need to be paid back if certain conditions are met. I'm not okay with poorly run monopoly corporations like Boeing getting a dime, let alone $70 billion.
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Are you kidding? Do you have any idea how many people have lost there jobs already? There were so many, they couldn't get through to the unemployment office. There are thousands of small businesses that are closed and will not open, or open and close because of no business. Tourism and trade will take years to return to what they were a few months ago. The average contraction takes 6-18 months to turn around.
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