Giving money to the people.

So many executive orders, so much twitter. What to do? Well, discuss it here for one...

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TrueTexan
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Giving money to the people.

Post by TrueTexan »

We have Moscow Mitch saying give the people $1200 payment to help cover people needs.
Senate Majority Leader Mitch McConnell (R-KY) will propose a stimulus package with direct cash assistance, the Associate Press reported Thursday.

“McConnell plan: Direct payments of $1,200 per person, $2,400 per couple amid virus outbreak,” AP White House reporter Zeke Miller reported.

The Senate is currently working on a third round of emergency legislation to respond to the COVID-19 coronavirus pandemic.
https://www.rawstory.com/2020/03/mitch ... us-report/

But Looney Lindsey Graham wants the payments not to be direct to the people but to trickle down to the people.
Sen. Lindsey Graham (R-SC) is reportedly hoping that President Donald Trump will take a trickle down approach to the next coronavirus relief bill.

During a Republican lunch on Thursday, Graham encouraged his colleagues not to support direct payments to Americans in what’s known as “phase 3” of the package. Rep. Mark Meadows (R-NC) — the new White House chief of staff — was in attendance at the event.

The White House has proposed sending $1,000 to each American adult and $500 for each child. Under the proposal, the checks would go out in two tranches.
https://www.rawstory.com/2020/03/linds ... us-relief/

Leave it to the Reptilians to screw the people with their favorite idea. Trickle Down. Old farts can’t finish, so everything trickles down their legs to the people.
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Re: Giving money to the people.

Post by YankeeTarheel »

48 years ago, George McGovern proposed a $1000 check to every american to offset our recession. He was laughed into losing one of the biggest landslides in history...despite being right. A few years later, when his defeater was forced to resign, Gerry Ford was looking to do a reduced version of the same damn thing.
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Re: Giving money to the people.

Post by shinzen »

While Pelosi and Schumer are pushing for it to go through unemployment insurance and be means tested instead. Why the fuck are they pushing back to make it more complicated?
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Re: Giving money to the people.

Post by wooglin »

shinzen wrote:
Thu Mar 19, 2020 6:00 pm
While Pelosi and Schumer are pushing for it to go through unemployment insurance and be means tested instead. Why the fuck are they pushing back to make it more complicated?
Brilliant. THey should try accessing a state unemployment website these days.

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Re: Giving money to the people.

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wooglin wrote:
Thu Mar 19, 2020 6:05 pm
shinzen wrote:
Thu Mar 19, 2020 6:00 pm
While Pelosi and Schumer are pushing for it to go through unemployment insurance and be means tested instead. Why the fuck are they pushing back to make it more complicated?
Brilliant. THey should try accessing a state unemployment website these days.
Exactly. FFS
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Re: Giving money to the people.

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YankeeTarheel wrote:
Thu Mar 19, 2020 5:58 pm
48 years ago, George McGovern proposed a $1000 check to every american to offset our recession. He was laughed into losing one of the biggest landslides in history...despite being right. A few years later, when his defeater was forced to resign, Gerry Ford was looking to do a reduced version of the same damn thing.
I was one of the 17 people across America who voted McGovern. It was my first vote. I was 19. First time under-21 folks could vote.

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Re: Giving money to the people.

Post by Marlene »

And the right goes for direct aid while the center holds to conservative principles and changes the rules to block the left in an emergency. Pretty sure we are getting all of 1918 through 1939 at once right now.
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Re: Giving money to the people.

Post by kronkmusic »

At least there's some sense of regular people being discussed in Washington right now, and that almost scares me more. It has to look pretty bleek before they admit through policy that the working class is the real backbone of our economy, not bankers and CEOs and hedge fund managers. Makes me wonder what they know that we don't.

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Re: Giving money to the people.

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Re: Giving money to the people.

Post by TrueTexan »

Heard on local news today the Texas unemployment website is crashing because of all he people suddenly laid off .
Facts do not cease to exist because they are ignored.-Huxley
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Re: Giving money to the people.

Post by YankeeTarheel »

CDFingers wrote:
Thu Mar 19, 2020 6:50 pm
YankeeTarheel wrote:
Thu Mar 19, 2020 5:58 pm
48 years ago, George McGovern proposed a $1000 check to every american to offset our recession. He was laughed into losing one of the biggest landslides in history...despite being right. A few years later, when his defeater was forced to resign, Gerry Ford was looking to do a reduced version of the same damn thing.
I was one of the 17 people across America who voted McGovern. It was my first vote. I was 19. First time under-21 folks could vote.

CDFingers
I was the only one in my family who did NOT vote for McGovern in 1972...
Because...
...
...
I was only 17 and wouldn't be 18 till 1973.
""If you can convince the lowest white man he's better than the best colored man, he won't notice you're picking his pocket. Hell, give him somebody to look down on, and he'll empty his pockets for you." -- LBJ

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Re: Giving money to the people.

Post by CDFingers »

This video shows what happens when workers can't work, and looks at some of the tools we have left.





Sobering, I must say.

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Re: Giving money to the people.

Post by sig230 »

There were 150,000,000 US jobs in February. A 20% unemployment figure would mean 30 million unemployed. With the current mandatory closures that may be low.

There are about 900,000 food service jobs in New York alone, almost 2,000,000 in California, 1,300,000 in TX, another 1,000,000 in Florida for over 5,000,000 food service jobs in just those four states and that does not include any other industries. Most other states have between 200,000 and 400,000 food service jobs. If though we pick a tiny average, say 100,000 food service jobs in each of the other states we can add in another 4,000,000 plus jobs. So the total unemployment just in food service will likely be in excess of 10,000,000 jobs.

Add another million direct automotive jobs plus about the same number of indirect supplier and transportation jobs.

About 5,000,000 folk work in retail sales while another 3,400,000 are cashiers.

Just in the areas mentioned above we are looking conservatively at over 20 MILLLION jobs.

But then there are the schools. How many people in the US work in schools as teachers or staff?
To be vintage it must be older than me!

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Re: Giving money to the people.

Post by lurker »

i think this will go on for 4-6 months.i haven't a clue what the solution is. tax breaks for the rich isn't it.

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Re: Giving money to the people.

Post by YankeeTarheel »

lurker wrote:
Thu Mar 19, 2020 8:46 pm
i think this will go on for 4-6 months.i haven't a clue what the solution is. tax breaks for the rich isn't it.
Sure it is! But we have to subsidize them with no-interest loans they don't have to pay back and can use for CEO bonuses and stock buyback. And we have to deregulate the hell out of everything for them, especially those pesky pollution, accounting, and OSHA rules!
:sarcasm:
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Re: Giving money to the people.

Post by kronkmusic »

Like I said, 2020 is going to suck, and 2021, and likely 2022. The more I'm learning about the particular details of this economic downturn, the more I believe there is absolutely no way to even remotely spend our way out of it. We would have been better off had we raised taxes the last 3-4 years instead of cutting them, and raised interest rates instead of cutting them, and cut spending instead of ballooning it to outrageous lengths. We would never have seen the DOW sniff 30,000 but that doesn't really seem like it matters now, does it. Yeah yeah, hindsight 20/20, but myself and many others were calling these moves idiotic and dangerous while they were happening. I keep making analogies about coming off a drunken coke binge because it's fairly accurate. Most large businesses have spent the last few years in the VIP room of the trendy club, drinking overpriced liquor and snorting coke off a 22 year old's ass, feeling like the party would never end. Now we're waking up with a horrible hangover to find out we drove drunk and crashed the Escalade into a school bus full of children which then tumbled off a cliff into a retirement home, taking out an orphanage on it's way.

I'm not sure I have any advice for anyone at this point other than to start living like you're already poor. Live today like it's 6 months from now and we have 30% unemployment and you've been unemployed for 2 months and you're not sure where the next mortgage payment is going to come from unless you start selling off prized possessions at a loss.

I hate to be a Debbie Downer, and for fucks sake I hope I'm dead wrong about this to the point I read this in 6 months and I'm embarrassed I ever typed it out, but there's not a single one of us that shouldn't be considering this at this point.

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Re: Giving money to the people.

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Marlene wrote:
Thu Mar 19, 2020 6:52 pm
And the right goes for direct aid while the center holds to conservative principles and changes the rules to block the left in an emergency. Pretty sure we are getting all of 1918 through 1939 at once right now.
Right? Fucking hell. I swear this country kills me. This time maybe literally.
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To be vintage it must be older than me!

From Deep South Texas

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Re: Giving money to the people.

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Trump administration’s plea to states: Keep mum about unemployment stats.

https://www.nytimes.com/2020/03/19/worl ... cases.html
The Trump administration is asking state labor officials to delay releasing the precise number of unemployment claims they are fielding, an indication of how uneasy policymakers are about further roiling a stock market already plunging in response to the coronavirus outbreak.

In an email sent Wednesday, the Labor Department instructed state officials to only “provide information using generalities to describe claims levels (very high, large increase)” until the department releases the total number of national claims next Thursday.

The email, which was shared with The New York Times, noted that the reports were monitored closely by financial markets and should therefore remain embargoed. “States should not provide numeric values to the public,” wrote Gay Gilbert, the administrator of the department’s Office of Employment Insurance.
The border between civilization and savagery is porous and patrolled by opportunists. Resist fascism. Vote like your democracy depends on it.

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Re: Giving money to the people.

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Senate Republican plan includes corporate tax cuts, limits on paid leave and $1,200 checks for taxpayers.

Senate Republicans unveiled an economic rescue plan on Thursday that would provide hundreds of billions of dollars in loans to big corporations and small businesses; large corporate tax cuts; and checks of $1,200 for many taxpayers, as well as impose limits on a paid leave program enacted this week to respond to the coronavirus crisis.
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Re: Giving money to the people.

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kronkmusic wrote:
Thu Mar 19, 2020 9:24 pm
I'm not sure I have any advice for anyone at this point other than to start living like you're already poor. Live today like it's 6 months from now and we have 30% unemployment and you've been unemployed for 2 months and you're not sure where the next mortgage payment is going to come from unless you start selling off prized possessions at a loss.
That's the ticket. Just don't spend anything you don't have to. Read cooking books.

re: Congress: House has to sign off on any fungoo the Senate tries to pull.

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Re: Giving money to the people.

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K9s wrote:
Thu Mar 19, 2020 10:13 pm
https://www.nytimes.com/2020/03/19/worl ... cases.html
market already plunging in response to the coronavirus outbreak.
i have for my retirement a little managed portfolio, the details and day-to-day of which i know very little, and they've lately taken to sending me reassuring emails of which i understand very little, except that the tone and timing make me anxious. something to the effect of "things are fine, but will get better". but? while my understanding of such things is minimal, my personal suspicion is that the marketplace is a hollowed-out shell, the appearance of substance coming from service-based companies circulating money in a great big circle, measured by transaction, not by actual volume, CEOs getting bonuses all the while. covid has merely focused our attention. sorry to be so cheerful. i hope there's some left for me when all this is done.

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Re: Giving money to the people.

Post by highdesert »

I hope this gets resolved very quickly and they decide eligibility and how it will be paid. As a former bureaucrat I don't envy the federal agency that writes the regs and administers it or maybe it's pushed to the states as unemployment. Saw that B of A will allow delayed payments of mortgage and credit card payments - shit the banks should be super generous they'll make bundles from all the government borrowing and they're already flush with money.
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Re: Giving money to the people.

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Multiple Senators (so far) dumped millions in stocks after COVID-19 briefing but claimed it was a Dem Hoax (until the trades when through)

https://www.ajc.com/news/state--regiona ... 2HTpl1EpL/

Ron Johnson (R-WI) and Diane Feinstein (D-CA) also have some shady looking trades, but not necessarily criminal.

Burr (R-NC), Inhofe (R-OK), Perdue (R-GA), and Loeffler (R-GA) profited off the backs of American dead. Their first thought after a classified briefing was how to profit off this crisis. They didn’t mobilize to help families or prepare a response. They dumped stock and lied about the pandemic. I am surprised Trump hasn't already pardoned them.
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Re: Giving money to the people.

Post by CDFingers »

When Andrew Yang proposed giving a grand to the People, it was socialism.

But now the orange spirochete is the Messiah because of it.

If the .gov was a comic strip, I'd erase several of the characters.

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