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Home US News US Politics

Turns out Carnival Cruise Line got a backdoor multibillion-dollar bailout from the federal reserve

Loud Silence Staff by Loud Silence Staff
April 28, 2020
in US Politics
0
Turns out Carnival Cruise Line got a backdoor multibillion-dollar bailout from the federal reserve
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Trump made it clear weeks ago that if you were a business buddy or sponsor of the Donald Trump experience in any way, he was going to get you some bailout money. Not you dumb MAGA-hat-wearing idiots. No, the people getting bailout money don’t wear trashy propaganda produced by a fake billionaire con man. They wear their own trashy propaganda and Trump jumps as high as they tell him. And the Senate made it clear in the first coronavirus stimulus package that they had no interest in letting anyone know how they were going to spend $450 billion in corporate bailout money.

On his business news show today, CNBC’s Jim Cramer—not known for being a wide-eyed socialist—called the bailout of Carnival Cruise Line a “disgrace,” explaining that if the government is arguing it has a finite amount of resources for bailing out our economic engines of business, why would someone give money to a failure of a cruise ship business? Asking out loud what the logic was, Cramer wondered if big bailouts from the Federal Reserve were “limited to companies run by Micky Arison.”

x

How in the hell does Carnival, a cruise ship company that pays virtually no federal income taxes, receive a bailout, but the Postal Service, the most popular government agency in America, does not?

The Post Office is essential. Cruise ships are not. https://t.co/cb9k0E291u

— Bernie Sanders (@SenSanders) April 27, 2020

Arison is the chairperson of the Carnival Corporation and a longtime sponsor of Donald Trump’s career. After all of this bailout talk, Fortune reports that the “Miami-based” but Panama-incorporated company has no plans to come back to America and, you know, pay some taxes. Why should they when they’re already getting the “America First” treatment?



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This content first appear on dailykos

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