ObamacareForever
Senator
https://www.marketwatch.com/story/s...cedented-cash-decline-says-goldman-2019-07-29
Corporations were doing fine and deficits were headed in the right direction. Now the US government is going further in debt to finance stock buybacks. Stock buybacks do not benefit workers, they, in theory drive up the stock price, by taking shares off the market. They happen when corporations don't have any projects to invest in. Stock buybacks happen when corporations throw their hands up in and say, "we have too much, we don't know what to do with, here you go shareholders, have it back". I think they are fine on their own. But the government didn't need to go into debt to finance stock buybacks. That's incredibly stupid on the Republicans part. They don't help the people Trump promised to help. They help the shareholder class, who was doing just fine pre-tax cut.
Corporations were doing fine and deficits were headed in the right direction. Now the US government is going further in debt to finance stock buybacks. Stock buybacks do not benefit workers, they, in theory drive up the stock price, by taking shares off the market. They happen when corporations don't have any projects to invest in. Stock buybacks happen when corporations throw their hands up in and say, "we have too much, we don't know what to do with, here you go shareholders, have it back". I think they are fine on their own. But the government didn't need to go into debt to finance stock buybacks. That's incredibly stupid on the Republicans part. They don't help the people Trump promised to help. They help the shareholder class, who was doing just fine pre-tax cut.
