[howlingfantods]

On one hand, I understand Ross’ reasoning. If my company were to go to a bank with a federal guarantee, we’d get a very cheap loan.

On the other hand, he thinks an average individual’s response to missing paychecks should be to seek a low interest loan against a government guarantee. That’s comically out of touch. I’ve been working in finance my entire life and I’d have a tough time working through the loan application process.

That’s the type of advice you’d hear a private wealth manager give to his wealthy client. Wealthy people are often asset rich but cash poor so they’ll take out bank loans to finance short term cash flow needs. No doubt Wilbur Ross has availed himself to these services and is shocked that government employees haven’t taken advantage of such conveniences.

[evil-olive]

Reminds me of Mitt Romney's comments in 2012 about borrowing money from your parents:

> “We’ve always encouraged young people, take — take a shot, go for it. Take a risk. Get the education. Borrow money, if you have to, from your parents. Start a business.”

https://www.washingtonpost.com/blogs/election-2012/post/romn...

[newyankee]

After being in the US for so many years now, earlier i used to feel such comments were blatant lies that obviously people with their own agendas do.

However now i feel that some people really live in such a bubble that they do not have a basic understanding of the society they are living in and what 'average', 'above average','middle class' etc. means

[cr1895]

It's one banana, Michael, what could it cost? Ten dollars?

[AnIdiotOnTheNet]

We all live in bubbles, it's the nature of our existence because we have limited capacity for understanding experiences outside of our own.

[gowld]

More recently, see the "small loan of a million dollars" meme.

[dragonwriter]

> On the other hand, he thinks an average individual’s response to missing paychecks should be to seek a low interest loan against a government guarantee.

Uh, if that's what he thinks it is deluded in a way you omit: there is no government guarantee. There is a tradition of backpay after a shutdown, not a legal guarantee. The commitment to pay is the budget, whose absence is the entire reason there is a shutdown.

[snarf21]

Right, take a loan out against all his holdings to pay the people. Definitely a 'pull the ladder up behind you' guy.