They say this like it’s a bad thing

Because we have effectively a planned economy, planned by mostly one man named Steve Mnuchin, his whims form the basis for how our economy works.

American Prospect usually drools at the idea of having a planned economy…..presumably their planners won’t have whims.

10 thoughts on “They say this like it’s a bad thing”

  1. Tim, it appears they don’t know what ‘planned economy’ means. Or it means just what they choose it to mean – nothing more nor less.

  2. @BiND re Twatter thread

    “Lots of white male blockchain dipshits on your case here Matt which makes me assume you’re on the right track”

    You can’t beat that for a debating point, can You?

  3. Business Grants/Loans

    USA: Trump’s Mr Steve Mnuchin insisted application was 1 side of A4. Result: over $500 Billion done

    UK: 20 pages to complete, make a mistake and rejected; start again at back of queue

    Trump: Good enough is OK
    UK: Infected by EU Virus – must be perfect

    @BiND

    Hillarious. Shows again how Pols never care about virtue signalling consequences

  4. Canada tried initially to have everyone claim under the Employment Insurance scheme then realised they couldn’t process the applications and the system had too many controls/checks that couldn’t be bypassed so they rolled out a new application portal for Coronavirus benefit, that took a few weeks and then they limited how many could sign up each day for the first week, lots of people still waiting for money over a month later

  5. NZ has a scheme to fund businesses unable to work in the lockdown. My wife applied for her and her two staff when it became clear that she could not work.

    The money was in the bank the next day — admittedly she is a small operator. Average wait is about 48 hours. It can be done.

  6. Mnuchin bought a failed subprime lender and turned it into one of the worst banks during the foreclosure crisis

    Well, for their definition of “worst”. It went from broke to profitable almost overnight, which would be a massive success in most people’s books. The writer is alluding to allegations it was kind of mean to some lenders in default, like all banks were at the time.

    Myself, I would want the person running my economy (by himself, apparently) to be a ruthless bastard who knew how to run business profitably. The politicians can be the conscience of the nation, but we need money men who know money.

  7. presumably their planners won’t have whims

    Nope, they’ll be the good guys. And ideally, once in power, they’ll find some way to make sure the ‘bad guys’ never get in again. Just to be safe, of course.

    Same every time.

  8. Obama, 2008: “We are the ones we have been waiting for.”

    Translation: “This time, socialism is going to work.”

    Fortunately, he is gone.

  9. @Chester Draws

    Myself, I would want the person running my economy (by himself, apparently) to be a ruthless bastard who knew how to run business profitably. The politicians can be the conscience of the nation, but we need money men who know money

    Me too. Trump and Steve Mnuchin are running USA as a business and making quick decisions. Here it’s dither, panic, delay, complexity and idiocy.

    Idiocy: UK has despatched £2.5 Million of PPE to St Helena – that’s a lot of masks, gloves etc – zero CV19 on St Helena

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