Tuesday, April 14, 2020

Abbott's Hat to Cattle Ratio remains...underwhelming

"Bread gained by deceit is sweet to a man,
But afterward his mouth will be filled with gravel"
Proverbs 20:17

Remember, less than a week ago, when Greg Abbott teased his vaunted "plan to reopen Texas?!?"

Yeah, about that:
On Monday, Governor Greg Abbott, together with Goldman Sachs Chief Operating Officer John Waldron, announced $50 million in loans that will be provided to small businesses in Texas.

Half of that will come from the LiftFund, a Goldman Sachs program purposed to provide small businesses with capital during difficult times.
Soo...businesses won't actually be allowed to serve their customers. Legitimate revenue = no way (TOO DANGEROUS DAWG...................).  But they can go into debt to Goldman friggin' Sachs.

We know (from experience) we're pretty cynical.  We know Wall Street makes its real money financing debt.  We know, over the past 100 years, government has primarily existed to facilitate that debt.  Even by that standard, however,...



What campaign contributor and/or lobbyist (but we repeat ourselves) came up with that plan?!?

But don't you worry your pretty little head, y'all.  Later this week, Greg Abbott's totally gonna announce his "team" to "oversee how to reopen Texas safely."  We're sure no campaign contributors and/or lobbyists will benefit.  That'd be too cynical.

It probably does make sense to reduce activity ("social distancing") for another few weeks.  Yes, the so-called "Coronavirus" is trending downward.  No, the hospitals aren't overwhelmed.  But we do understand why caution remains prudent (for now).

But...seriously...Goldman Sachs?!?

It's quite something.

Bottom Line: Cynicism *might* be justified here....

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