Tom Brady bought a yacht

@no1marauder said
What part of the loan went to a company he was part owner of, not to him personally, didn't you get?

A loan?

It was a welfare check. To a company he founded and owns. Of course this is how welfare works with the upper crust, they all own a "company". Trickle down economics, alive and well decades after it was debunked as valid economics.

@wildgrass said
This might be the first time ever that you and mott the hoople are both posting links to the same sports blog.

I don't really get your defense of these loans. If a SNAP recipient gets a few hundred bucks for groceries and also needs a phone upgrade, he/she is villified for buying it.

But Tom Brady and the thousands of other wealthy people getting free money to perpetu ...[text shortened]... in the same time frame.

Of course Tom could afford the yacht. Why's he also a welfare recipient?

Come on, it goes without saying that this is bad stuff, that EVERYONE and every entity that received money that they should not have, should all give the money back. I truly believe that, I am not patronizing you. So since we both agree with that, where do we go from here? That you single out Brady having done nothing illegal, got my back up!

@no1marauder said
Wrong. It was the Trump administration which oversaw the vast majority of PPP loans.

Whatever you say.
Anyway, I think everyone that got tainted Money should give all of the money back. Why do you just pick out Brady? I think that there was a liberal on the list.!!!!!!

@wildgrass said
A loan?

It was a welfare check. To a company he founded and owns. Of course this is how welfare works with the upper crust, they all own a "company". Trickle down economics, alive and well decades after it was debunked as valid economics.

Your original post was shown to be laughably incorrect.

Flailing in anger at someone who pointed this out doesn't change that fact.

Would it have made you feel better if millions more Americans had lost their jobs during COVID rather than any money being directed to companies that the "wealthy" had some stake in?

@no1marauder said
Your original post was shown to be laughably incorrect.

Flailing in anger at someone who pointed this out doesn't change that fact.

Would it have made you feel better if millions more Americans had lost their jobs during COVID rather than any money being directed to companies that the "wealthy" had some stake in?

How am I flailing in anger here? I am simply surprised to see your support for corporate welfare checks in a political culture that's slashing benefits for education and food using the argument that the govt cannot afford these things.

You give me $100. I use my credit card to buy a tank of gas. It is not "laughably incorrect" to then state that you purchased my gas, even if that wasn't the stated intent. The sports blog reference does not debunk the claim that tom Brady bought a yacht with tax dollars.

@wildgrass said
How am I flailing in anger here? I am simply surprised to see your support for corporate welfare checks in a political culture that's slashing benefits for education and food using the argument that the govt cannot afford these things.

You give me $100. I use my credit card to buy a tank of gas. It is not "laughably incorrect" to then state that you purchased my gas, eve ...[text shortened]... The sports blog reference does not debunk the claim that tom Brady bought a yacht with tax dollars.

Yes it does.

A company that Tom Brady owns part of is not Tom Brady.

There has been nothing presented that indicates that the money sent to TB12 was used for anything but payroll, which was required by the PPP when the loan was disbursed in April 2020.

And Brady brought the yacht eight months later at a price more than six times in excess of the PPP payment to TB12.

Despite your sneering, the neutral site I cited to gave information you were clearly unaware of.

@no1marauder said
Yes it does.

A company that Tom Brady owns part of is not Tom Brady.

There has been nothing presented that indicates that the money sent to TB12 was used for anything but payroll, which was required by the PPP when the loan was disbursed in April 2020.

And Brady brought the yacht eight months later at a price more than six times in excess of the PPP payment to TB ...[text shortened]...

Despite your sneering, the neutral site I cited to gave information you were clearly unaware of.

You need great lengths to justify this. And still none of the gymnastics disputes the facts that the government gave Tom Brady $1 million, he did not pay it back, he then bought a yacht. The point isn't to disparage what Tom did, only to highlight the insanity of the system.

In the larger picture, the wealthy accelerated wealth gains during COVID while the middle class languished and continues to flat line. Income inequality grew. The PPP (and the poor administration of the funds) contributed to that disparity. The wealthy benefitted way more from this stimulus.

@wildgrass said
You need great lengths to justify this. And still none of the gymnastics disputes the facts that the government gave Tom Brady $1 million, he did not pay it back, he then bought a yacht. The point isn't to disparage what Tom did, only to highlight the insanity of the system.

In the larger picture, the wealthy accelerated wealth gains during COVID while the middle class l ...[text shortened]... ion of the funds) contributed to that disparity. The wealthy benefitted way more from this stimulus.

Except the government didn't give Tom Brady a PPP loan; it gave a company he had some stake (what exactly is unclear; it was created more than a decade ago) in one for the express purpose of keeping its payroll in place.

You constantly saying something that isn't true doesn't magically transform it into fact.

@wildgrass said
You need great lengths to justify this. And still none of the gymnastics disputes the facts that the government gave Tom Brady $1 million, he did not pay it back, he then bought a yacht. The point isn't to disparage what Tom did, only to highlight the insanity of the system.

In the larger picture, the wealthy accelerated wealth gains during COVID while the middle class l ...[text shortened]... ion of the funds) contributed to that disparity. The wealthy benefitted way more from this stimulus.

Let me make it easy; present some evidence that the PPP payment made to TB12 was not used for that company's payroll but was instead funneled to Tom Brady personally.

@no1marauder said
Let me make it easy; present some evidence that the PPP payment made to TB12 was not used for that company's payroll but was instead funneled to Tom Brady personally.

Funneled? Water goes in one side of a bucket, provided by taxpayers, a yacht comes out the other side. Not the same pile of cash, but the Brady bucket of cash/assets goes up. The extra cash not otherwise spent on payroll was spent on a yacht.

This is how rich people not only avoided losses during the pandemic, but saw enormous wealth gains overall. Unfortunately the middle class did not all own LLCs to claim payroll benefits from Uncle Sam.

@wildgrass said
Funneled? Water goes in one side of a bucket, provided by taxpayers, a yacht comes out the other side. Not the same pile of cash, but the Brady bucket of cash/assets goes up. The extra cash not otherwise spent on payroll was spent on a yacht.

This is how rich people not only avoided losses during the pandemic, but saw enormous wealth gains overall. Unfortunately the middle class did not all own LLCs to claim payroll benefits from Uncle Sam.

I'll take that as you have no such evidence.

Millions of middle class Americans avoided financial ruin because of programs enacted during COVID like PPP. Your myopia in not recognizing this is unfortunate.

Here's an interesting article based on an economic analysis which suggests PPP avoided $36 billion in mortgage delinquencies which would have had huge spillover effects.https://www.aeaweb.org/research/ppp-small-business-mortgage

@no1marauder said
I'll take that as you have no such evidence.

Millions of middle class Americans avoided financial ruin because of programs enacted during COVID like PPP. Your myopia in not recognizing this is unfortunate.

Here's an interesting article based on an economic analysis which suggests PPP avoided $36 billion in mortgage delinquencies which would have had huge spillover effects.https://www.aeaweb.org/research/ppp-small-business-mortgage

Thanks, read it. So, there it is. Life and government ain't perfect. It is under the bridge, like Jan 6 , lose some, win some, so it goes.
But, are things like this worth talking about, past history? Its over. You may as well bring up Clinton/Wilensky. Or Epstein, or the horrible keeping of classified docs in Biden's garage.
And why keep saying that so and so will be held accountable.....no one will be held accountable,,,,,,take Brennan, who wrote notes of the efforts to vilify Trump, per Hillary's orders/. They will NEVER be held accountable.
All get boring. And your thingy about payroll protection , Brady,,,,it all happened legally. So it was badly handled, do you want to write bout it? zzzzzzz. nothing will change. zzzzz

@no1marauder said
I'll take that as you have no such evidence.

Millions of middle class Americans avoided financial ruin because of programs enacted during COVID like PPP. Your myopia in not recognizing this is unfortunate.

Here's an interesting article based on an economic analysis which suggests PPP avoided $36 billion in mortgage delinquencies which would have had huge spillover effects.https://www.aeaweb.org/research/ppp-small-business-mortgage

Wel the "evidence" as you put it has already been presented. The PPP loan and the yacht purchase are matters of public record. Just because you don't believe it doesn't mean it doesn't exist.

I didn't know you were a fan of trickle down economics. If the government wanted to prevent people from defaulting on mortgages, they could have paid peoples mortgages. Instead they give hundreds of billions to disproportionately wealthy Americans (folks who had no trouble paying their mortgages), in the hopes that they would not fire their employees. Undoubtedly, PPP caused bifurcating post COVID wealth disparity. I'm against that.

@wildgrass said
Wel the "evidence" as you put it has already been presented. The PPP loan and the yacht purchase are matters of public record. Just because you don't believe it doesn't mean it doesn't exist.

I didn't know you were a fan of trickle down economics. If the government wanted to prevent people from defaulting on mortgages, they could have paid peoples mortgages. Instead they ...[text shortened]... their employees. Undoubtedly, PPP caused bifurcating post COVID wealth disparity. I'm against that.

I'd like the evidence I asked for i.e. some smidgen of facts showing that TB12 didn't use its PPP loan for payroll. You been constantly saying Tom Brady used PPP funds to buy a yacht; are you ever going to retract this now that you know it's not true?

@wildgrass said
Wel the "evidence" as you put it has already been presented. The PPP loan and the yacht purchase are matters of public record. Just because you don't believe it doesn't mean it doesn't exist.

I didn't know you were a fan of trickle down economics. If the government wanted to prevent people from defaulting on mortgages, they could have paid peoples mortgages. Instead they ...[text shortened]... their employees. Undoubtedly, PPP caused bifurcating post COVID wealth disparity. I'm against that.

In case you forgot, there was an economic crisis with the possibility of millions or even tens of millions of layoffs. While you seem to think business owners out of the goodness of their hearts would be willing to front their personal assets to corporations they owned a stake in even when consumer spending and incomes had plummeted, Congress wasn't as ignorant as you (still) are.

The program largely worked in keeping millions employed though some decisions by Trump's Treasury Department made abuses easier.