Stimulus & Bailout Watch Thread

KillbertArenas

Superstar
Joined
May 1, 2012
Messages
7,426
Reputation
-331
Daps
14,428
Reppin
PG - Maryland
yea i hear that. but in that scenario it cant pass til february.

so if her plan is to count on winning the senate and white house, then fine. but what i cant respect is her getting on wolf blitzer and lying that "i know what im doing wolf, no one will have to wait until february for stimulus". when thats exactly whats going to happen :scust:

i still think she should take trump/mnuchins 1.8 before the election, and see what happens. its that or nothing, so she has nothing to lose

Yeah, each passing day Pelosi is looking more foolish.

At this point, it seems like there's a piece of the bill that she wants to personally benefit from and the Repubs are blocking it
 

DJ Paul's Arm

Veteran
Joined
Dec 15, 2015
Messages
22,612
Reputation
6,686
Daps
128,689
Reppin
Cali
These talks are really boring me, i'm not even checking for updates anymore cause it's all full of shyt.

Like somebody said before, at this point it's safe to say that pelosi and mnuchin have a crush on each other and are just having phone sex during these "conference calls"

:shaq:
 

BK The Great

Veteran
Joined
Nov 21, 2015
Messages
63,428
Reputation
7,937
Daps
156,945
Reppin
BK NY
:francis: They really left nikkas outhere starving.


Yea fukk both sides, if it really was up to me i wouldn't even want to vote or any of this bullshyt.



Like somebody said before, at this point it's safe to say that pelosi and mnuchin have a crush on each other and are just having phone sex during these "conference calls"

:shaq:



:deadmanny:They probably are.
 

Jesus H. Christ

I died for your sins
Joined
May 3, 2012
Messages
17,149
Reputation
4,213
Daps
63,223
I think Nancy is trying to set a war between Trump and GOP:heh:

I just don't think it's a good idea to entertaining this to be fair:whoa: We have seen Nancy fold before.
 

voltronblack

Superstar
Joined
Aug 6, 2012
Messages
5,171
Reputation
2,911
Daps
15,914
Reppin
NULL

In the spring, Congress created a program to save aviation worker jobs. Then the Trump administration undermined that program by granting hundreds of millions of dollars in relief to aviation companies for jobs they’d already largely eliminated, according to a House report released Friday.

As a result, thousands of workers at airline caterers and other contractors are out of work while their employers received public funds that were supposed to be passed to workers. What’s more, at least two companies that received hundreds of millions in taxpayer funds restored full pay to management, the report found.

The report follows a monthslong investigation that the House Select Subcommittee on the Coronavirus Crisis launched in July, citing ProPublica reporting on the program.

The $32 billion Payroll Support Program, part of the sweeping CARES Act to rescue the economy from the ravages of the coronavirus crisis, was designed so that money would pass through companies to workers in the hard-hit aviation industry. The federal government gave grants and some loans to airlines and their contractors, who were then meant to keep workers on their payrolls. The amount each company received would be based on six months worth of payroll from last year. In exchange, the companies had to agree not to conduct any layoffs until October, about six months after the CARES Act was passed.

But ProPublica found that the companies laid off workers throughout the spring and then took the money intended to preserve the jobs they had already cut. The Treasury Department, charged with implementing the law, offered no incentive for the companies to rehire their workers.

The select subcommittee’s report reached a similar conclusion.

“Treasury’s implementation of the Payroll Support Program undermined the program’s job preservation purpose,” the subcommittee wrote. “Treasury permitted aviation contractors to lay off tens of thousands of workers through the worst months of the pandemic and still receive full payroll support calculated based on pre-pandemic workforce numbers — the same amount they would have received if they had not laid off a single worker.”

In response to the report, a Treasury spokesperson wrote that “the Payroll Support Program has supported hundreds of thousands of aviation industry jobs, kept workers employed and connected to their healthcare, and played a critical role in preserving the U.S. airline industry. Implementation focused first on the largest employers to help stabilize an industry in crisis and support as many jobs as possible for as long as possible.”

Congressional investigators obtained tens of thousands of pages of documents and interviewed Treasury Department and company officials.

In the case of one contractor, Swissport U.S.A., the subcommittee uncovered correspondence in which a company executive instructed managers to “urgently” verify the employment status of a group of workers prior to finalizing the company’s Payroll Support agreement, and to let them go if they weren’t needed.

“CARES is now imminent, and we need to ensure that we don’t incur unnecessary costs once the ink is on the paper,” the executive wrote, referring to the workers, weeks before the company received $170 million from the program.

Swissport did not respond to a request for comment.

The subcommittee also took to task two airline catering companies that ProPublica wrote about in July, Gate Gourmet and Flying Food Group, for taking advantage of the program.

One of the most generous programs of the bailout was meant to help airline industry companies keep their workers on the payroll. Some laid workers off first and then got the money anyway.

The report found that the companies drastically reduced their payroll ahead of applying for the relief funds, and continued to do so while their applications were pending. But once the agreements were finalized, neither restored employment to pre-pandemic levels. In fact, the subcommittee found that Flying Food Group, which received $85 million through the program, had not rehired a single worker out of the thousands it laid off or furloughed since the pandemic hit.

Meanwhile, both companies have since restored cuts that had been made to management pay. Both expect the money they received from the Payroll Support Program to subsidize their payroll expenses well into next year, according to the report.

Neither company responded to requests for comment.

Rep. James Clyburn, D-S.C., who chairs the select subcommittee, has called for aviation companies to halt any additional layoffs until they have spent the remainder of the funds they received.

However, since the Sept. 30 deadline for halting layoffs under the CARES Act expired, Flying Food and Gate Gourmet have already initiated hundreds of additional layoffs at airports across the country, according to official layoff notices issued by the companies in recent weeks.
 

Serious

Veteran
Supporter
Joined
Apr 30, 2012
Messages
81,059
Reputation
14,868
Daps
193,091
Reppin
1st Round Playoff Exits

In the spring, Congress created a program to save aviation worker jobs. Then the Trump administration undermined that program by granting hundreds of millions of dollars in relief to aviation companies for jobs they’d already largely eliminated, according to a House report released Friday.

As a result, thousands of workers at airline caterers and other contractors are out of work while their employers received public funds that were supposed to be passed to workers. What’s more, at least two companies that received hundreds of millions in taxpayer funds restored full pay to management, the report found.

The report follows a monthslong investigation that the House Select Subcommittee on the Coronavirus Crisis launched in July, citing ProPublica reporting on the program.

The $32 billion Payroll Support Program, part of the sweeping CARES Act to rescue the economy from the ravages of the coronavirus crisis, was designed so that money would pass through companies to workers in the hard-hit aviation industry. The federal government gave grants and some loans to airlines and their contractors, who were then meant to keep workers on their payrolls. The amount each company received would be based on six months worth of payroll from last year. In exchange, the companies had to agree not to conduct any layoffs until October, about six months after the CARES Act was passed.

But ProPublica found that the companies laid off workers throughout the spring and then took the money intended to preserve the jobs they had already cut. The Treasury Department, charged with implementing the law, offered no incentive for the companies to rehire their workers.

The select subcommittee’s report reached a similar conclusion.

“Treasury’s implementation of the Payroll Support Program undermined the program’s job preservation purpose,” the subcommittee wrote. “Treasury permitted aviation contractors to lay off tens of thousands of workers through the worst months of the pandemic and still receive full payroll support calculated based on pre-pandemic workforce numbers — the same amount they would have received if they had not laid off a single worker.”

In response to the report, a Treasury spokesperson wrote that “the Payroll Support Program has supported hundreds of thousands of aviation industry jobs, kept workers employed and connected to their healthcare, and played a critical role in preserving the U.S. airline industry. Implementation focused first on the largest employers to help stabilize an industry in crisis and support as many jobs as possible for as long as possible.”

Congressional investigators obtained tens of thousands of pages of documents and interviewed Treasury Department and company officials.

In the case of one contractor, Swissport U.S.A., the subcommittee uncovered correspondence in which a company executive instructed managers to “urgently” verify the employment status of a group of workers prior to finalizing the company’s Payroll Support agreement, and to let them go if they weren’t needed.

“CARES is now imminent, and we need to ensure that we don’t incur unnecessary costs once the ink is on the paper,” the executive wrote, referring to the workers, weeks before the company received $170 million from the program.

Swissport did not respond to a request for comment.

The subcommittee also took to task two airline catering companies that ProPublica wrote about in July, Gate Gourmet and Flying Food Group, for taking advantage of the program.

One of the most generous programs of the bailout was meant to help airline industry companies keep their workers on the payroll. Some laid workers off first and then got the money anyway.

The report found that the companies drastically reduced their payroll ahead of applying for the relief funds, and continued to do so while their applications were pending. But once the agreements were finalized, neither restored employment to pre-pandemic levels. In fact, the subcommittee found that Flying Food Group, which received $85 million through the program, had not rehired a single worker out of the thousands it laid off or furloughed since the pandemic hit.

Meanwhile, both companies have since restored cuts that had been made to management pay. Both expect the money they received from the Payroll Support Program to subsidize their payroll expenses well into next year, according to the report.

Neither company responded to requests for comment.

Rep. James Clyburn, D-S.C., who chairs the select subcommittee, has called for aviation companies to halt any additional layoffs until they have spent the remainder of the funds they received.

However, since the Sept. 30 deadline for halting layoffs under the CARES Act expired, Flying Food and Gate Gourmet have already initiated hundreds of additional layoffs at airports across the country, according to official layoff notices issued by the companies in recent weeks.

@DEAD7 I’m appalled :picard:
 

the cac mamba

Banned
Joined
May 21, 2012
Messages
111,880
Reputation
14,285
Daps
317,008
Reppin
NULL
She's right.

The senate isn't interested and the white House looks to be keeping up appearances that they're serious.

She's holding their feet to the fire.
the only way she can hold their feet to the fire is agreeing to the trump mnuchin deal :yeshrug: and at that point, trump will take over on holding their feet to the fire
 
Top