We have a new tridum grain trailer that needs to get repainted because of a **** up. The company has no employees now and is in restructuring mode. Yes, a trailer is a priority. But we're told we have to wait. Shit is going south and it's not the conservatives fault big wheel it the liberal shit show.
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Are the payments repayable?????
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Big Wheel, I meant that personally for Bucket, I don't want to see him stressed right out. Maybe I am looking at this wrong but what if the government instead of just handing out money, guaranteed loans to these small businesses so that they could make payroll even while they were closed. Then nobody would have to be laid off, would be less strain on the EI system and even if some of these loans are defaulted on it becomes the same as just handing out the money. The majority of people will try and pay it back and the government gets some of it's money back, now it is just gone
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Originally posted by Misterjade9 View PostBig Wheel, I meant that personally for Bucket, I don't want to see him stressed right out. Maybe I am looking at this wrong but what if the government instead of just handing out money, guaranteed loans to these small businesses so that they could make payroll even while they were closed. Then nobody would have to be laid off, would be less strain on the EI system and even if some of these loans are defaulted on it becomes the same as just handing out the money. The majority of people will try and pay it back and the government gets some of it's money back, now it is just gone
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The payments are just enough to prevent the peasants from rioting in the streets. Too much of a payment and the citiots would blow it on non-essentials. Be grateful for those payments, they are preventing truckloads of marauders from coming to see what you have stocked in your freezer/fuel tanks/bins. The economic devastation is going to be far worse than the risk of dying from this.
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https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for
Any relief for you?
Can imagine this is just the beginning, stay tuned, more to follow.
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Anyone company on the receiving end of money from the government should be required to lower employees and CEO’s salaries to a max of $500,000 for at least 3 years or until they have paid back the money given to them, including stock options. We have seen in the past that a lot of money was funneled to the top end when government money was given to companies. If they want money they should become lean themselves.
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Originally posted by farmaholic View Posthttps://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for
Any relief for you?
Can imagine this is just the beginning, stay tuned, more to follow.
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Originally posted by farmaholic View Posthttps://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html#Income_Support_for
Any relief for you?
Can imagine this is just the beginning, stay tuned, more to follow.
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Originally posted by farmaholic View PostAny relief for you?
Can imagine this is just the beginning, stay tuned, more to follow.
Anyway, its the same trend, loans for the west, cash with no strings for the east. The oil bailout package is all credit lines, maybe a bit of cash so oil worker go clean up wells or something.
I talked to FCC about the govt funding for farmers. Term loans repayable within 2-3yrs and you have to apply and justify how you were wronged by the virus.
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