Discover and read the best of Twitter Threads about #slushfund
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#WallStreet sees a public health crisis as an opportunity to profit, and it shows in the McConnell #bailout plan, a multi-trillion-dollar giveaway to corporate America that @GoldmanSachs may actually run! Check it out and fight back: THREAD 1/10 washingtonpost.com/business/2020/…
The plan envisions two pots of money for the bailout, $75 billion pot and a $425 billion pot. The smaller pot (for airlines and industries deemed important for national security) has some restrictions on it, but they are minimal 2/10
Executives couldn’t earn more than what they did the previous year (a record year for airline bosses) the restrictions last only 2 years, even though the loans from the $75 billion pot would last 5 years. No requirement to give taxpayers equity. Minimal buyback limitations 3/10
After a 3 day weekend & 5 days of public statements about all the things they would do to help, McConnell's Senate floated a bill that had few (if any) of the protections that were promised.
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The protections they did include had no guarantees, could be overridden by the executive branch, and in some cases didn't require any auditing, transparency, or allow oversight until *after* the 2020 election.
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Democrats, predictably, killed the bill as expected, giving the GOP an avenue to shift blame and rewrite history by claiming the Democrats are playing politics and obstructing solutions while people are dying.
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Hard-working Americans are struggling NOW. Giving this man a ½ trillion $ #SlushFund to secretly dole out billions from in bailouts to his wealthy pals, reckless corporations&Trump properties would be irresponsible in any circumstance. But it’s offensive during a national crisis 
The American people should understand one thing: there is no debate that this third COVID-19 response package must include well over $1 trillion in economic stimulus.
The disagreement isn’t over how much—it’s over *who* benefits. Senate Democrats want to help hourly workers, service industry employees and small businesses. Senator McConnell wants to bail out corporate executives and Donald Trump himself.
