uspolitics

Looking at the comments here and a lot of the MAGA crowd seems to be loathing at this deal.

Considering my political affiliation is the Money Party, I'm not sure how this is bad? So Pakistan received $1.1B, and they are basically using it to maintain their real estate in America, then they found a state to pay them an income with it.

Hello, people: That's a good thing! This is a wise investment!

This is much better than receiving an IMF loan and building luxury cities in deserts (like Egypt). The real goal of the IMF is to get countries to do productive things with the money they receive, that can turn them a profit and also hedge their risks.

We can argue about whether this is the *best* use of funds to maintain New York City real estate, but there's certainly *worse* options!

The city of New York pays $220 million to rent the entire Roosevelt Hotel in Manhattan to house illegal migrants.

The hotel is owned by the government of Pakistan, and the deal was part of a $1.1 billion IMF bailout package to help Pakistan avoid defaulting on their… https://t.co/hB5Xm2vm4a

John LeFevre

Looking at the comments here and a lot of the MAGA crowd seems to be loathing at this deal.

Considering my political affiliation is the Money Party, I'm not sure how this is bad? So Pakistan received $1.1B, and they are basically using it to maintain their real estate in America, then they found a state to pay them an income with it.

Hello, people: That's a good thing! This is a wise investment!

This is much better than receiving an IMF loan and building luxury cities in deserts (like Egypt). The real goal of the IMF is to get countries to do productive things with the money they receive, that can turn them a profit and also hedge their risks.

We can argue about whether this is the *best* use of funds to maintain New York City real estate, but there's certainly *worse* options!

https://x.com/JohnLeFevre/status/1862945830325428535

lol, people will always find something to complain about. sounds like a smart move to me! 🤑