The Daily Signal - The Consequences of a Federal Bailout for the States

As lawmakers debate over a bailout for the states, Jonathan Williams, the chief economist and executive vice president of policy at the American Legislative Exchange Council, has a warning for states.


"Strings that come with these federal dollars oftentimes outlive the federal dollars, as we've found out with the last time we had a bail out of the states during the Obama era," Williams says. "And I think it's just a dangerous precedent to set that the states would look to the federal government to be their solution for problems that they are well-equipped to handle themselves."


He joins The Daily Signal Podcast today to talk about why should states say no to a federal bailout, if federal bailouts affect states' rights and sovereignty, if federal bailouts potentially affect tax rates, and much more.

We also cover these stories:

  • United States intelligence are maintaining that the coronavirus was "not man-made or genetically modified, however U.S. intelligence also announced that they will be investigating whether the virus originated in a lab in Wuhan, China. 
  • Another 3.8 million Americans filed for unemployment last week according to the Department of Labor’s Thursday report.
  • President Donald Trump says that former national security adviser Michael Flynn is “essentially exonerated” after documents have been opened in his case. 

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The Stack Overflow Podcast - Make it So

What happens when the grizzled captain decides they need to stop delegating and put their hands back on the helm? Sara is rewatching Star Trek and trying to find some wisdom in Picard's approach to crisis.

Where did React come from? What's the line between a library, a framework, and a whole new language? You can learn lots more in this extensive video from the Women in React conference that happened remotely last weekend. 

One thing we didn't know about that conference was that they gave out original swag you can use while playing Animal Crossing. And just yesterday we noticed the Deserted Island DevOps conference, where the entire event is actually happening inside Animal Crossing. 

From there we got to talking about Second Life, Linden Bucks, and the amazing concert that Travis Scott put on in Fortnite recently. The longer this quarantine goes on, the closer we move to a truly virtual work world.  You can find the Fortnite concert here. It's just ten minutes long, but skip ahead to 2:10 if you want to see something really cool. 

Last but not least, Paul didn't take the easy way out. He finalyl sat down and did some parsing.  He is ready for you to make fun of him.

Opening Arguments - OA382: Bernie Sanders Was Right! (The DNC & Payday Lenders)

Today's episode takes two deep dives -- first, into New York's cancellation of its Democratic Presidential Primary, and second, into the Paycheck Protection Program (PPP) and efforts by scumbag payday lenders to take your tax dollars despite being parasites.

We begin with a thorough examination of the DNC's Delegate Selection Rules and the Call For Convention Rules and figure out whether Bernie Sanders can get to 25% -- and why that matters. Learn why Andrew Yang's lawsuit omits what Andrew thinks is the best argument -- Rule 11.C -- and exactly how it comes into play in terms of the candidates' delegate count. We end with some optimism and a bold prediction by Andrew about the Biden campaign!

After that, it's time for a deep dive into a provision of the CARES Act that we didn't cover back in Episode 372, namely, the Paycheck Protection Program. How does it operate? And how are payday lenders operating on two fronts to try and take advantage of it? Listen and find out!

Then, it's time for an all-new #T3BE about a libertarian tax protestor who sets fire to the Internal Revenue Code inside a government building. (We can't make this stuff up.)

Patreon Bonuses

Our next LIVE Q&A is scheduled for Friday, May 1, at 8 pm Eastern / 5 pm Pacific, and you can post and vote on which questions you want to see answered! And don’t forget that we’ve released Law’d Awful Movies #39, Class Action, starring Gene Hackman and Mary Elizabeth Mastrantonio, and featuring guest performer Matt Donnelly of the Ice Cream Social podcast!

Appearances

Andrew was just a guest on Episode 121 of the Skepticrat, talking about the abuse of the Paycheck Protection Program and other crazy legal stories in the news. And if you’d like to have either of us as a guest on your show, event, or in front of your group, please drop us an email at openarguments@gmail.com.

Show Notes & Links

  1. Click here to read Andrew Yang's lawsuit against the DNC; here for the Delegate Selection Rules; and here for the Call For Convention Rules.
  2. This is the April 17, 2020 AP article suggesting that Biden may let Sanders keep his statewide delegates.
  3. Latest news regarding payday lenders: this April 29, 2020 New York Times article suggesting the fix was in at Trump's CFPB, and former CFPB member Jonathan Lanning's blockbuster 17-page email documenting the corruption.
  4. Here's the list of SBA Section 7(a) lenders, and this is the relevant regulation, 13 CFR § 120.110(b).

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