The Biden Administration and All Things Politics

[Bucknutz]

You had me up until the educators part. I’m an educator and did care. I went out of my way in fact to order take out from businesses multiple times per week to keep them afloat.

Not every business was a restaurant. Did you go stay at hotels on the weekends or were they closed? Did you take a Lyft to that hotel? Did you go to that closed barber shop down the street? How about a handy man to help mount a TV in your house?

And Covid relief money as a bonus? Lmfao. What the holy **** are you talking about?

As an Educator or Government worker, did you loose your job? Did you go on unemployment? If not why would you take the covid relief money? Did you spend it to stimulate the economy? Because most people didn't...

A family of 4 got making upto $150k got 3 rounds of payments

• $3400 first round
• $2400 second round
• $5600 third round

Grand total of $11,400. Even if you never lost your job or financially got hurt by the government lockdowns.

Here’s How Americans Spent Their Stimulus Checks

How did you spend your stimulus checks?

www.forbes.com

It should of went to stimulate the economy:

• First Stimulus Check: Spend (74%), Save (14%), Pay Debt (11%)
• Second Stimulus Check: Spend (22%), Save (26%), Pay Debt (51%)
• Third Stimulus Check: Spend (19%), Save (32%), Pay Debt (49%)

It looks like most people saved or paid off debt with $8000 of the $11,400.

So when I talk about the covid relief money being a bonus, I mean its a bonus to any of the government workers, educators or anyone else who did not get financially hurt by the government lockdowns. It didn't go to the people who needed it most.

 

[Darkwing Duck]

Interesting that complaints are what stimulus money ACTUALLY went to and not what PPP actually went to...

Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says

The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $366 billion went to the US's top earners.

www.businessinsider.com

 

[LogGrad98]

Why didn't you attack Pelosi, Lee, Powell, Cartwright, Lamb, Cox or any other democrat? Oh because you associate the PPP and Student Loans to be similar. There were rules to the PPP to have the loan forgiven. What are the rules to forgive student debt? Make less than $125,000? Why can't there be any rules to have these loan forgiven? (Examples below, I just wrote ideas down, I didn't look into any of these ideas)

Again your own biases showing through. Show me the names I mentioned specifically and how they are all only republican. It is amazing how hard republicans try to twist things around when they get all bristly from truths being pointed out (frankly both sides do this to a point, but recently republicans are just getting ridiculous about it). I was going after those that criticized these efforts to help people who also made use of the same mechanisms to get further ahead themselves, adding to their riches while complaining that others did the same or that someone made it available at all, even while they used it when they didn't need to. You can try to assign whatever blame you want, but I was making a blanket sarcastic statement. We have all kinds of rich people taking advantage of things like this, it is the nature of it. Not all of them then turn around and criticize other efforts to help people in similar ways. (yes yes we all get that you agree with PPP and disagree with student loan forgiveness, it does not make them polar opposites just because you disagree).

You need to drop your partisan blinders, otherwise you are just not worth the time to talk to as you will only see it through your red-colored lenses.

 

[LogGrad98]

Interesting that complaints are what stimulus money ACTUALLY went to and not what PPP actually went to...

Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says

The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $366 billion went to the US's top earners.

www.businessinsider.com

Exactly my point. And a lot of these were the same ones complaining about this and other similar programs, simply because of partisan politics.

 

[Bucknutz]

Interesting that complaints are what stimulus money ACTUALLY went to and not what PPP actually went to...

Just a third of the money from the government's massive Payroll Protection Program actually helped keep workers employed, study says

The program was "highly regressive," researchers said. Of the $510 billion in initial PPP loans, $366 billion went to the US's top earners.

www.businessinsider.com

You understand that gig workers, 1099 and business owners have a salary as well; 36% of the US work force is gig work. That's 59 million Americans.

Gig workers don't have employees. So yes all of the PPP money went to the gig workers salary.

Once again to have your loan forgiven you have to prove that you paid 60% of the loan to payroll. The rest went to approved expenses. Ill defend the PPP even though it was not perfect.

 

[LogGrad98]

You can criticize the student loan and still approve of the PPP. What does the Student Loan actually accomplish? Wiping out student debt, but not fixing any of the problems. Please tell me how this helps in 5 years from now, with all the new graduates/drop outs with their large new student loans. They are going to cry and scream and demand their loans should now be forgiven. This fixes nothing, it helps a people now, but does nothing long term.

You make a lot of straw men. I never claimed the student loan forgiveness would fix anything, that is you arguing against the ether. I believe it helped individuals. I know it helps my daughter and son-in-law who both ad some debt wiped away and allowed them to sock some money into savings and investments instead of paying student loans. I then outlined that we need a complete overhaul. Nowhere did I argue that the student loan forgiveness fixed anything nor did I advocate for it. I only said that I did not appreciate the people who took full advantage of it then turning around and bitching about it, especially those of more than ample means. See here is the exact quote you are supposedly replying to:

you cannot recognize the hypocrisy of those criticizing programs like this and student loan forgiveness that legitimately helped a lot of people, but were still exploited by those railing against it.

Feed the rich, but the poor can starve for all they care. That is a bad look on our country and our politics. That was my point. How you got to assuming this is supposed to be the fix of all things from that is beyond me. Just more partisan blinders not arguing the actual discussion but what they want to argue against regardless of what is actually being said.

 

[Bucknutz]

Exactly my point. And a lot of these were the same ones complaining about this and other similar programs, simply because of partisan politics.

PPP was not partisan.

Manchin: McConnell's Partisan PPP Bill Doesn't Address Needs Of West Virginians | U.S. Senator Joe Manchin of West Virginia

The Official U.S. Senate website of Senator Joe Manchin of West Virginia

www.manchin.senate.gov

Democrats claim victory getting Senate to pass money for hospitals, testing in $484B small business relief package

The Senate unanimously approved a bipartisan deal Tuesday afternoon that will pump another $310 billion into the Paycheck Protection Program.

abcnews.go.com

People over politics on PPP funding

The thousands of small business owners who employ 58.9 million Americans need the help of Congress right now to survive this national crisis.

thehill.com

 

[Darkwing Duck]

You understand that gig workers, 1099 and business owners have a salary as well; 36% of the US work force is gig work. That's 59 million Americans.

Gig workers don't have employees. So yes all of the PPP money went to the gig workers salary.

Once again to have your loan forgiven you have to prove that you paid 60% of the loan to payroll. The rest went to approved expenses. Ill defend the PPP even though it was not perfect.

"Conversely, between $335 billion to $395 billion ended up with business owners and corporate stakeholders like suppliers and lenders."

 

[Bucknutz]

You make a lot of straw men. I never claimed the student loan forgiveness would fix anything, that is you arguing against the ether. I believe it helped individuals. I know it helps my daughter and son-in-law who both ad some debt wiped away and allowed them to sock some money into savings and investments instead of paying student loans. I then outlined that we need a complete overhaul. Nowhere did I argue that the student loan forgiveness fixed anything nor did I advocate for it. I only said that I did not appreciate the people who took full advantage of it then turning around and bitching about it, especially those of more than ample means. See here is the exact quote you are supposedly replying to:

This is the point that I am bringing up. The PPP and Student forgiveness are not similar. You think it is but it's not and I provided my reasons.

Again your own biases showing through. Show me the names I mentioned specifically and how they are all only republican. It is amazing how hard republicans try to twist things around when they get all bristly from truths being pointed out (frankly both sides do this to a point, but recently republicans are just getting ridiculous about it). I was going after those that criticized these efforts to help people who also made use of the same mechanisms to get further ahead themselves, adding to their riches while complaining that others did the same or that someone made it available at all, even while they used it when they didn't need to.

Show me how they got ahead? Just because they received a PPP doesn't mean they got themselves further ahead. How do you know they didn't need it?

You might need to drop your partisan blinders.

You can try to assign whatever blame you want, but I was making a blanket sarcastic statement. We have all kinds of rich people taking advantage of things like this, it is the nature of it. Not all of them then turn around and criticize other efforts to help people in similar ways. (yes yes we all get that you agree with PPP and disagree with student loan forgiveness, it does not make them polar opposites just because you disagree).

You need to drop your partisan blinders, otherwise you are just not worth the time to talk to as you will only see it through your red-colored lenses.

So Republican Congress persons are taking advantage of the PPP loan?

You obliviously didn't read my response saying I don't disagree with student loan forgiveness. I don't think they are polar opposites, Im just saying they are not the same. I provided context why I feel this way, but you just ignore that.

Feed the rich, but the poor can starve for all they care. That is a bad look on our country and our politics. That was my point. How you got to assuming this is supposed to be the fix of all things from that is beyond me. Just more partisan blinders not arguing the actual discussion but what they want to argue against regardless of what is actually being said.

Im arguing against your comment...

But you don't understand fishbro, those were loans for BUSINESSES for wealt....uh, I mean successful businesspeople who provided jobs and stability for maybe 10's of Americans. Wrong, these were for anybody who has a small business to help pay for payroll and expenses. Those are what should be forgiven, not any student loans!! There is a difference between the two. The PPP had stipulations to meet in order for the loan to be forgiven. Those need to be paid back, unless they were for wealth....crap there I go again, SUCCESSFUL and important businesspeople who are providing the trickle down that allows them to live extravagant lifestyles off the public dime help people in need find jobs!! Once again, a very ignorant comment that thinks only Republican Congress persons got PPP loans forgiven.

This is what I have been arguing and it's exactly what you said. "Feed the rich, but the poor can starve for all they care". Again an ignorant comment. The PPP helped anyone with a business that applied. You can be a nail polish tech, who was shut down for 6 months and still got help from the PPP.

 

[Bucknutz]

"Conversely, between $335 billion to $395 billion ended up with business owners and corporate stakeholders like suppliers and lenders."

Again a GIG worker, 1099, or Business owner are all types of business owners that can take a salary. ALL of them. Again it maxes out at $100k prorated for 2.5 months or $20,833 a person. Please show me how this gets someone a head.

You also have to provide the salaries from the previous year / months to show what the PPP award would be given.

This quote lumps "business owners" and corporate stake holders like suppliers and lenders together.

I already posted this above:

What are the other eligible expenses?

• Business mortgage interest payments: Copy of lender amortization schedule and receipts verifying payments, or lender account statements (Corporate Stake Holders)
• Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments (Corporate Stake Holders)
• Business utility payments: Copies of invoices and receipts, cancelled checks or account statements (Corporate Stake Holders)

25%-40% of the PPP could go to these Corporate Stake Holders.

 

[One Brow]

PPP was not partisan.

@LogGrad98 was referring to the partisan nature of the complaints, not the program itself.

 

[Miggs]

Not every business was a restaurant. Did you go stay at hotels on the weekends or were they closed? Did you take a Lyft to that hotel? Did you go to that closed barber shop down the street? How about a handy man to help mount a TV in your house?


As an Educator or Government worker, did you loose your job? Did you go on unemployment? If not why would you take the covid relief money? Did you spend it to stimulate the economy? Because most people didn't...

A family of 4 got making upto $150k got 3 rounds of payments

• $3400 first round
• $2400 second round
• $5600 third round

Grand total of $11,400. Even if you never lost your job or financially got hurt by the government lockdowns.

Here’s How Americans Spent Their Stimulus Checks

How did you spend your stimulus checks?

www.forbes.com

It should of went to stimulate the economy:

• First Stimulus Check: Spend (74%), Save (14%), Pay Debt (11%)
• Second Stimulus Check: Spend (22%), Save (26%), Pay Debt (51%)
• Third Stimulus Check: Spend (19%), Save (32%), Pay Debt (49%)

It looks like most people saved or paid off debt with $8000 of the $11,400.

So when I talk about the covid relief money being a bonus, I mean its a bonus to any of the government workers, educators or anyone else who did not get financially hurt by the government lockdowns. It didn't go to the people who needed it most.

Uh, no I didn’t go to a hotel or to a barber shop. There was a pandemic going on so I apologize if I cared about my life and my loved ones lives more than the well being of a Marriott. As far as what other small businesses I did help support, I won’t share. But I did so take your self-righteous ******** up the road.
And Covid relief money? I didn’t get any. But good try *******.