Republican coronavirus bill hits roadblock in U.S. Senate; negotiations continue

[albertik]

1 hour ago, sirineou said:

Please provide links as I did.

Mcconell on the Senate floor? Officially entered into the congressional record for eternity.  Jeesch.

[stevenl]

2 hours ago, albertik said:

Mcconell on the Senate floor? Officially entered into the congressional record for eternity.  Jeesch.

So Mitch's rhetoric is proof of the position of the democrats.

[stevenl]

2 hours ago, albertik said:

This is not the time to add a lot of pork to the bill.  Pretty basic concept. Review carbon footprint later. Not when the country and people are in need of jobs and employment. Boeing, whether you like them or not, employ 1000's and their suppliers employ 1000's more, ergo sustenance for the working guy or gal.

Boeing is a nice example of a company that has made management mistakes one after the other, including share buybacks.

Nothing wrong with telling them 'you want us to help you, you have to do something for us as well'.

 

Later review will lead to absolutely nothing.

Edited March 24, 2020 by stevenl

[riclag]

12 hours ago, Chiphigh said:

If you are obtuse enough to think that on the brink of the most destructive economic event in your life the following stupidity is purposely inserted to feed a ridiculous ideology you have lost your mind, let alone stating that it is business as usual. 

 

Here is the part of the stupidity tried by the house:

 

Publication of corporate pay statistics by race and race statistics for all corporate boards

-A bail out on all current debt at the Postal Service

-Required early voting

-Required same day voter registration 

-Provisions on official time for union collective bargaining

-Full offset of airline emissions by 2025

-Publication and reporting of greenhouse gas statistics for individual flights 

-Retirement plans for community newspaper employees

-Federal $15 minimum wage

-Permanent paid leave

-Study on climate change mitigation efforts 

The provisions will apply to the companies and business rescued by the bill. 

 

"Never let a crisis go to waste" said,  Rahm Emanuel, Dem

 

As thousands of people are considering what a medical pandemic has done to the American economy and how its changed their future via jobs,companies, ma and pa shops ,small businesses ,families, savings and health! The radicals are hell bent devils.

Edited March 24, 2020 by riclag

[lannarebirth]

14 hours ago, Cryingdick said:

 

It's the airlines. They have never been good business. Too many risks.  Amazon basically functions as the de facto medical, food, and essential goods distributor. Google and Apple... will have more money than the government soon if this keeps up.

 

Here is what one of the greatest CEO of all time said about the company he ran American Airlines.

 

“I’ve never invested in any airline. I’m an airline manager. I don’t invest in airlines. And I always said to the employees of American, ‘This is not an appropriate investment. It’s a great place to work and it’s a great company that does important work. But airlines are not an investment.’”

 

-Robert Crandall

 

Agreed on Amazon's packaging however these days it is made out of very young trees. We have more wood pulp than you can shake a box at these days and it's sustainable.

 

 

For this maybe the government should get involved airlines will always have problems weather, war, disease, economics, fuel prices... 

 

 

The airlines have to be bailed out that isn't even in question.

 

Warren Buffet's Berkshire Hathaway owns stock in 4 different US airlines. They are currently sitting on $122 Billion in cash. He could have taken preferred stock and/or warrants in lieu of cash infusions to gain much larger positions in these airlines at huge discounts. He has done this many times in the past. That said, there's still no better investment or ROI than money spent on politicians. Grants! He's come a long way since Benjamin Graham. Intelligent Investor indeed!

[heybruce]

9 hours ago, albertik said:

All you have to do is watch McConells speech (on the congressional record) before the senate today to understand the Dems priorities. Not difficult to understand what is important to them; and it is not the average American public. 

Right, we can count on McConnell to give a balanced assessment of the bill.

[heybruce]

9 hours ago, albertik said:

Source please?  

Talk about "fiddling while Rome burns"  That is what is currently going on. No, she says, "we will introduce our own bill"  How long will that take to wind it's way through the annals of congress, when they aren't even in session? How is tracking the carbon footprint of aircraft (in Dems bill) aiding and assisting the American public during this crisis?  I won't bother to list the rest of the green new deal included. As they say, Rohm Emanual, "Never let a crisis go to waste"

Take 20 minutes to watch Mcconells address  on the senate floor. 

Your claim is that the House, which has sent hundreds of bills to the Senate where they were ignored by McConnell, are trying to slip a few of the elements of these bills into their relief package.  Your only evidence is a McConnell speech.  Even if true, it's an example of McConnell reaping what he has sown.

 

However I agree this is an emergency.  The Senate should accept the bill the House will send it and trash their bill which includes:

 

"the Republican stimulus bill would responsibly distribute a $500 billion corporate slush fund that currently allows for the Treasury Secretary to withhold the names of the businesses that receive bailout cash."

 

"Answering the question of who would provide accountability for the unrestricted distribution of half-a-trillion dollars, Trump’s response was even less promising: “I’ll be the oversight. I’ll be the oversight.”"   https://nymag.com/intelligencer/2020/03/trump-on-usd500-billion-slush-fund-ill-be-the-oversight.html

[heybruce]

8 hours ago, Nyezhov said:

Does the article say that the source was anonymous and wanted to remain that way?

The link was in the post.  Why don't you read the article and see how little it says?

[heybruce]

6 hours ago, albertik said:

Mcconell on the Senate floor? Officially entered into the congressional record for eternity.  Jeesch.

If it's in the Congressional Record you should be able to give referenced quotes, which would allow us to evaluate these statements in context.  Why won't you?

[heybruce]

4 hours ago, riclag said:

"Never let a crisis go to waste" said,  Rahm Emanuel, Dem

 

As thousands of people are considering what a medical pandemic has done to the American economy and how its changed their future via jobs,companies, ma and pa shops ,small businesses ,families, savings and health! The radicals are hell bent devils.

Chiphigh was asked to provide references for his list and failed to do so.  Believe what comes from credible sources, not what you want to believe.

[simple1]

10 hours ago, albertik said:

This is not the time to add a lot of pork to the bill.  Pretty basic concept. Review carbon footprint later. Not when the country and people are in need of jobs and employment. Boeing, whether you like them or not, employ 1000's and their suppliers employ 1000's more, ergo sustenance for the working guy or gal.

I guess you overlooked Boeing requested grant and loans, the GOP rejected grants. Dems have included the grant component in their package, thereby a better outcome for the industry employees. 

 

I suppose you and others are now going to be an echo chamber for trump, against medical advise, insisting distancing and other tools for controlling the spread of Covid be lifted no later than 12/04/20. Let's see how events unfold, but may equate to the end of the trump idiocracy - idiocracy defined by Time Magazine below.

 

https://time.com/4327424/idiocracy/

 

 

[bristolboy]

7 hours ago, riclag said:

"Never let a crisis go to waste" said,  Rahm Emanuel, Dem

 

As thousands of people are considering what a medical pandemic has done to the American economy and how its changed their future via jobs,companies, ma and pa shops ,small businesses ,families, savings and health! The radicals are hell bent devils.

Evil, evil "radicals":

The New Stimulus Bill Gives Unemployed Workers an Extra $600 per Week. That’s Huge.

Democrats negotiated a big bump in unemployment insurance

https://slate.com/business/2020/03/coronavirus-stimulus-bill-democrats-unemployment-insurance.html

[Cryingdick]

5 hours ago, lannarebirth said:

 

Warren Buffet's Berkshire Hathaway owns stock in 4 different US airlines. They are currently sitting on $122 Billion in cash. He could have taken preferred stock and/or warrants in lieu of cash infusions to gain much larger positions in these airlines at huge discounts. He has done this many times in the past. That said, there's still no better investment or ROI than money spent on politicians. Grants! He's come a long way since Benjamin Graham. Intelligent Investor indeed!

The days of Buffet being an investor to emulate have long since passed. He doesn't beat the market and part of that reason is he owns shares of airlines. 

 

Anyway for me no energy stocks and no airlines. There is just too many things that can go wrong with diseases, weather, disasters. Berkshire is almost completely flat in 5 years.

 

[Cryingdick]

9 minutes ago, simple1 said:

I guess you overlooked Boeing requested grant and loans, the GOP rejected grants. Dems have included the grant component in their package, thereby a better outcome for the industry employees. 

 

I suppose you and others are now going to be an echo chamber for trump, against medical advise, insisting distancing and other tools for controlling the spread of Covid be lifted no later than 12/04/20. Let's see how events unfold, but may equate to the end of the trump idiocracy - idiocracy defined by Time Magazine below.

 

https://time.com/4327424/idiocracy/

 

 

 

I saw the CEO of Boeing on TV twice today saying he wanted loans. I thought the guy came across as a greaseball but he said he simply wanted to be assured Boeing can loan money against their future. Also stated if the government wanted equity Boeing had other options.

[simple1]

5 minutes ago, Cryingdick said:

 

I saw the CEO of Boeing on TV twice today saying he wanted loans. I thought the guy came across as a greaseball but he said he simply wanted to be assured Boeing can loan money against their future. Also stated if the government wanted equity Boeing had other options.

My error - should have said 'airline industry'. I assume you will accept quote from Fox.

 

US airlines slammed by the coronavirus are requesting an aid package from the federal government that could amount to about $50 billion, according to industry group Airlines for America.

The requested aid would be in the form of loans, grants and tax relief. 

 

https://www.fox10tv.com/news/coronavirus/us-airline-industry-seeks-about-billion-in-federal-help/article_0b3c915a-3293-50a8-a9b6-41ac6b47edb5.html

[bristolboy]

11 minutes ago, Cryingdick said:

 

I saw the CEO of Boeing on TV twice today saying he wanted loans. I thought the guy came across as a greaseball but he said he simply wanted to be assured Boeing can loan money against their future. Also stated if the government wanted equity Boeing had other options.

If Boeing has other options, it should take them. 

[Cryingdick]

1 minute ago, simple1 said:

My error - should have said 'airline industry'. I assume you will accept quote from Fox.

 

US airlines slammed by the coronavirus are requesting an aid package from the federal government that could amount to about $50 billion, according to industry group Airlines for America.

The requested aid would be in the form of loans, grants and tax relief. 

 

https://www.fox10tv.com/news/coronavirus/us-airline-industry-seeks-about-billion-in-federal-help/article_0b3c915a-3293-50a8-a9b6-41ac6b47edb5.html

 

As airlines are such horrible businesses that are notoriously difficult to make money from, the government should just completely take them over and end the nonsense. They are a necessity. However the government is a business that only loses money and never makes any smart moves. 

 

If it is up to me I would tell them to go rot and buy their assets at a fraction of the value and make them public companies. However too many people would get hurt in the short term. 

[lannarebirth]

16 minutes ago, Cryingdick said:

The days of Buffet being an investor to emulate have long since passed. He doesn't beat the market and part of that reason is he owns shares of airlines. 

 

Anyway for me no energy stocks and no airlines. There is just too many things that can go wrong with diseases, weather, disasters. Berkshire is almost completely flat in 5 years.

 

 

Latter day investors , much like these socialist corporate welfare whores, focus on stock price rather than cash. $122 Billion is a lot of cash, especially when everything's on sale. I expect it will get cheaper though

[Cryingdick]

6 minutes ago, lannarebirth said:

 

Latter day investors , much like these socialist corporate welfare whores, focus on stock price rather than cash. $122 Billion is a lot of cash, especially when everything's on sale. I expect it will get cheaper though

 

I think it will go down from here. Today was a lot of shorts covering and taking profits. Sure Buffett has loads of cash. His company now functions more like capital preservation than accumulation. His style of investing is largely irrelevant to anybody who isn't a billionaire. Not saying that's bad, it is what it is. The days of info being limited and going into the security filing office or whatever it was and scrolling through books is over.

 

Average traders do as well or better than hedge fund managers and experts. One reason is they have no pressure to buy. 

[bristolboy]

11 minutes ago, Cryingdick said:

 

I think it will go down from here. Today was a lot of shorts covering and taking profits. Sure Buffett has loads of cash. His company now functions more like capital preservation than accumulation. His style of investing is largely irrelevant to anybody who isn't a billionaire. Not saying that's bad, it is what it is. The days of info being limited and going into the security filing office or whatever it was and scrolling through books is over.

 

Average traders do as well or better than hedge fund managers and experts. One reason is they have no pressure to buy. 

"Sure Buffett has loads of cash. His company now functions more like capital preservation than accumulation."

"Average traders do as well or better than hedge fund managers and experts. One reason is they have no pressure to buy."

 

Anybody else see a contradiction here?

 

 

[lannarebirth]

3 minutes ago, bristolboy said:

"Sure Buffett has loads of cash. His company now functions more like capital preservation than accumulation."

"Average traders do as well or better than hedge fund managers and experts. One reason is they have no pressure to buy."

 

Anybody else see a contradiction here?

 

 

 

For one thing, "average" traders lose all their money eventually.  For another I'm not sure how you have loads of cash if you hadn't "accumulated" it.

[Cryingdick]

1 hour ago, lannarebirth said:

 

For one thing, "average" traders lose all their money eventually.  For another I'm not sure how you have loads of cash if you hadn't "accumulated" it.

 That's a blanket statement about average traders. That's what the guy selling you index funds says. With no commissions and fractional shares the way things work now are different. You used to have to be rich.

 

Of course Buffett earned his money but when you have billions you can take very low percentages. You make it sound like he is in the forefront. This isn't your Grandfather's stock market.

 

He was lucky to know very influential traders like Bogle. All I am saying is his method doesn't work like it used to. Put Buffett in front of a computer he wouldn't do well. His people choose the tech stocks (amazon and Apple weren't his picks and Apple is Berk's largest holding) now and he dabbles in airlines and the makers of Velveeta.

 

Buffett's edge was inside knowledge in a time others didn't know how to access it. These days teenagers are on Robinhood and doing okay with it. It will be interesting to see if he buys an airline or Boeing. Disney could be a good buy. The thing is stocks are down and so is Warren's buying power Berk also lost money lately. So are things really cheap?

 

I admire Warren as much as the next guy but it's like comparing Babe Ruth to Mike Trout. 

 

So instead of the government getting involved let Warren buy them. Boeing as well. He added to his stake in Delta. I don't think you are going to see that happen. It's way too much risk.

 

 

 

 

 

Edited March 25, 2020 by Cryingdick

[lannarebirth]

11 minutes ago, Cryingdick said:

 That's a blanket statement about average traders. That's what the guy selling you index funds says. With no commissions and fractional shares the way things work now are different. You used to have to be rich.

 

Of course Buffett earned his money but when you have billions you can take very low percentages. You make it sound like he is in the forefront. This isn't your Grandfather's stock market.

 

He was lucky to know very influential traders like Bogle. All I am saying is his method doesn't work like it used to. Put Buffett in front of a computer he wouldn't do well. His people choose the tech stocks (amazon and Apple weren't his picks and Apple is Berk's largest holding) now and he dabbles in airlines and the makers of Velveeta.

 

Buffett's edge was inside knowledge in a time others didn't know how to access it. These days teenagers are on Robinhood and doing okay with it. It will be interesting to see if he buys an airline or Boeing. Disney could be a good buy. The thing is stocks are down and so is Warren's buying power Berk also lost money lately. So are things really cheap?

 

I admire Warren as much as the next guy but it's like comparing Babe Ruth to Mike Trout. 

 

So instead of the government getting involved let Warren buy them. Boeing as well. He added to his stake in Delta. I don't think you are going to see that happen. It's way too much risk.

 

 

 

 

 

 

The only thing I admire about Buffet are his charitable pursuites and his pledge to give almost all his money away.  Bill Gates checks in on Trumps call to get back to work.

 

https://www.cnbc.com/2020/03/24/bill-gates-us-missed-its-chance-to-avoid-coronavirus-shutdown.html

[Cryingdick]

1 minute ago, lannarebirth said:

 

The only thing I admire about Buffet are his charitable pursuites and his pledge to give almost all his money away.  Bill Gates checks in on Trumps call to get back to work.

 

https://www.cnbc.com/2020/03/24/bill-gates-us-missed-its-chance-to-avoid-coronavirus-shutdown.html

 

All I know is any company the government gets involved with will lose more money than it did in the past. The USA government has proven itself to be the most incompetent corporation time and time again. 

[Nyezhov]

7 hours ago, heybruce said:

The link was in the post.  Why don't you read the article and see how little it says?

Got ya. So the snide remark about repubs was just made up nonsense.

[heybruce]

47 minutes ago, Nyezhov said:

Got ya. So the snide remark about repubs was just made up nonsense.

Not at all.  Trump supporters complain about anonymous sources when it makes Trump look bad, but eagerly embrace them when it supports their beliefs.

 

I assume you didn't read the article.  It was short and unconvincing.

[Nyezhov]

3 minutes ago, heybruce said:

Trump supporters complain about anonymous sources when it makes Trump look bad, but eagerly embrace them when it supports their beliefs.

And vice versa, but your article said nothing about anonymity.

[heybruce]

51 minutes ago, Nyezhov said:

And vice versa, but your article said nothing about anonymity.

The source was not named.   Therefore the source is anonymous.

[Nyezhov]

25 minutes ago, heybruce said:

The source was not named.   Therefore the source is anonymous.

Thats not how journalism works but if that "fact" fits your worldview, good for you. But it looks like  its more your inability to just admit your political bias exists. 

[Nyezhov]

5 hours ago, lannarebirth said:

For one thing, "average" traders lose all their money eventually. 

Got any stats to support that? I have "average" trader friends and famil all over the place and they do fine.