2019-09-19

Next time some idiot rails against welfare.

Ask if they mean corporate welfare like this - https://www.wsws.org/en/articles/2019/09/19/fedr-s19.html

On Wednesday, the US central bank cut its benchmark federal funds rate, reducing the borrowing cost for banks and major corporations that are already posting record profits.
Perhaps even more importantly, the Federal Reserve Bank of New York made two emergency injections of $75 billion into financial markets, in the first such actions since the 2008 financial crisis. The Fed is on track to make a third emergency intervention on Thursday.

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