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Metropolitan DC Local Politics
Reply to "DC gov giving $50,000 to restaurants "to remain operational""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is the road go hell always paved with progressive ideas? [/quote] Bail outs are always Republican ideas. Please.[/quote] Republicans typically give loans or take equity stakes in companies, and the taxpayer usually ends up making money. As of today, the government has an unrealized gain of $42 billion from its stake in Intel. Giving any shitty restaurant that asks for $50,000 in exchange for nothing at all is something else entirely. [/quote] The "unrealized gain" in Intel is just a grant, corporate welfare by any other name. Complaining about 50k when you waste 42 BILLION STFU[/quote] You have no idea what an unrealized gain is, do you? The government got 433 million shares of Intel at $20.47. Intel's current stock price is $118. The unrealized gain is the profit the government would make if it sold all of its shares. [/quote]
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