Comment

So Today, Trump Edited His Prepared Notes to Make Them More Racist

106
KGxvi3/19/2020 2:08:07 pm PDT

Why am I not surprised that the idea of the federal government getting equity in businesses it bails out (including, apparently ones that are not publicly traded) is going over like a wet fart in church?

“One of the ideas is, if we provide assistance, we might take an equity position,” is how Kudlow put it to reporters on Wednesday.

Jay Timmons, president and CEO of the National Association of Manufacturers, appeared on Yahoo Finance on Thursday and firmly pushed back on that idea.

Asked if giving up equity might make his members hesitant to participate, Timmons said, “the answer is yes. I mean, it’s that simple.”

“I’ve talked to some of the smaller manufacturers as well,” he said. “They’ve said, quite bluntly, look if the federal government is going to attach strings or the federal government wants a piece of this business, I’m not going to do that.”

Kudlow had emphasized to reporters that the idea of government purchases of equity was one of many the Trump administration is considering.