The $2,784,000,000,000 scam, and counting. Fooled again by the Washington dim-wits. Part Two

Part II

So here’s why the banks fell over themselves to fund the huge, forgivable loans these businesses received. The reasons are SuperPACs and commissions.

Commissions. The banks are paid to process the “loans” (soon to be forgiven) and, I think, are paid based on how much they loan out under this program. So if you are the bank, is it better to fund one $20 million dollar loan (free money) deal or 1,000, $20,000 loans?

As, I suspect, the banks get paid approximately the same commission or fees by our government for the paperwork, obviously, the single big deal. A tiny fraction of the work, and about the same commission. That’s why the loopholes were built in by our politicians. On purpose.

SuperPACs are organizations that huge amounts are donated to ensure a particular candidate or party is reelected. It’s a corruption of our already corrupt election system.

In the first quarter of 2020, 1,759 SuperPACs reported receipts of $743,530,666. That’s almost a billion dollars in three months! That buys elections. Who do you think give the big money to the SuperPACs so these politicians will almost always be reelected?

Not you.

If the SuperPacs received about $743 million in the first three months of 2020, that’s an annual donation rate of about $3 billion! If you divide that among the 535 members of Congress, each receives the equivalent of $5 1/2 million of reelect me funds benefits. That is utter corruption!

The spreadsheet, below, illustrates where the almost $3 trillion could have gone. Our government has told us not to go to work, to stay home and hide under our beds while our president suggests injecting ourselves with disinfectants. Perhaps he would like to self-inject, and demonstrate how effective that would be!

Of course, that would mean that vice-president Pence would soon be running the country… into the ground, not just Mr. Trump. On the other hand, as President Trump is a self proclaimed genius, or jeaneus as he may spell it, we’ll find out that if he’s right. Perhaps he will suggest drinking a cup of bleach with dinner as well.

The United States has approximately 128 million households with an average family income of $61,937. If our government would have taken the $2.784 trillion of new debt that they have incurred so far, and sent all of it to the families, each would have received over $21,000 tax free cash, enough to live on while the country was completely shut down by the dim-witted politicians.

As you know, twelve hundred dollars is not enough to last more than a week or two. Twenty-one thousand dollars is.