General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReport: 78% of American Corporations Living Stimulus to Stimulus
WASHINGTON The U.S. Department of Commerce issued a concerning report this morning, finding that 78% of American corporations are barely scraping by and living stimulus to stimulus, sources laying naked atop a tiger pelt confirmed.
Its dire straits for hard-working legal entities in America, with many businesses struggling to dole out even a cool million in fun money to execs like me, commented Royal Caribbeans CEO Richard Fain while holding back tears as he opened a safe hidden behind a painting that was only half full of gold and ivory. Corporations have already done everything we can to cut operating expenses we slashed health benefits, reinvested our employees 401k accounts into stock buyback plans for our board members, and its still not enough. Hell, American Airlines euthanized half their flight crew, but Uncle Sam just pulls his purse strings tighter, sliding us mere single-digit billions: proof the federal government doesnt give two shits about struggling Ltds. We have sharks and huge tanks to buy, damn it!
Rep. Michael McCaul held a press conference to address legislation he introduced to help executives affected by the economic downturn.
Its a crying shame that were failing the corporations of this country by wasting millions on paid sick leave that people will just abuse by smoking Schedule-1 marijuana and shirking their economic responsibilities. Corporations are people, too, and since Coca-Cola cant take a day off, neither should anyone else, said McCaul, pulling out a binder containing his stimulus bill. What Im proposing is a modest $10B for each corporation whose founder doesnt yet own an island, and a $40B slush fund for cabal meetings on the islands theyll purchase to stimulate the economy.
https://thehardtimes.net/culture/report-78-of-american-corporations-living-stimulus-to-stimulus/
Victor_c3
(3,557 posts)I read something a few days ago stating that if this economic slip is only half as bad as the bush recession of 2008, that 40% of corporations could face bankruptcy.
I say let the corporations fail. Give the money earmarked to the corporations to small business owners and individuals and watch the stimulus work its way up to responsibly run corporations (assuming those actually exist).
Oh, and provide generous unemployment benefits to those who will invariable lose their jobs when the corporations go bankrupt.