So I’ll caveat this comment by saying I largely agree about this post; need for a bailout, the political reasons “bailout” is a dirty word and the fact average Americans (correctly) got a big bailout in the pandemic. In regards to the anti-bailout backlash, I really don’t think you can discount the fact that a variety of libertarian(ish)…
So I’ll caveat this comment by saying I largely agree about this post; need for a bailout, the political reasons “bailout” is a dirty word and the fact average Americans (correctly) got a big bailout in the pandemic.
In regards to the anti-bailout backlash, I really don’t think you can discount the fact that a variety of libertarian(ish) VC rich guys are yelling for a bailout is nauseating. I’m thinking specifically of David Sacks. He’s a Peter Thiel acolyte and an Ann Rand libertarian and here is he is screaming for a bank bailout that conveniently benefits him personally*
*Fun fact. I’m pretty sure David Sacks got my Twitter deactivated. Likely because I called him a pathetic Putin admirer and told him he was a complete shit of a human being. I should state not only do I not regret telling him this, I was being kind and holding back telling him this.
So I’ll caveat this comment by saying I largely agree about this post; need for a bailout, the political reasons “bailout” is a dirty word and the fact average Americans (correctly) got a big bailout in the pandemic.
In regards to the anti-bailout backlash, I really don’t think you can discount the fact that a variety of libertarian(ish) VC rich guys are yelling for a bailout is nauseating. I’m thinking specifically of David Sacks. He’s a Peter Thiel acolyte and an Ann Rand libertarian and here is he is screaming for a bank bailout that conveniently benefits him personally*
*Fun fact. I’m pretty sure David Sacks got my Twitter deactivated. Likely because I called him a pathetic Putin admirer and told him he was a complete shit of a human being. I should state not only do I not regret telling him this, I was being kind and holding back telling him this.