Originally posted by carthage
Biden looks to be wanting to make the Covid Economic fallout worse by picking his buddies from Goldman Sachs to head the SEChttps://www.npr.org/2021/01/26/960868526/biden-picks-gary-gensler-to-head-sec
Don't know who that is, but says he's a professor at the MIT Sloan School of Management.
$1,400 stimulus checks look likely—but the recipients might change this time
The promise to Georgia voters was simple: Deliver the Senate chamber to Democrats and they'd deliver $2,000 stimulus checks.
Georgia voters did just that. So to make good on the promise President Joe Biden's first legislative push is for an economic aid bill including $1,400 direct payments. When added to the $600 checks signed into law by then President Donald Trump in December, it would equal a total stack of $2,000. -snip
3rd check likely.
Originally posted by Quincy
So goofy that they went with 1400 dollars. Like, 2000 was EXACTLY what america needed no more no less.Political dickery
It's considered an addition to the $600.00 doled out under Trump/Republicans to bring the total to $2,000.00. The reason behind the number.
Though I guess they could have aimed for $2,000.00 now, as the initial $600.00 was nothing much.
Originally posted by carthage
He promised 2000, and then reneged.
Typical Biden.
Are you sure about that? I recall it was Schumer who was fighting for the $2,000.00 checks before McConnell shot that down to $600.00. Don't recall Biden saying $2,000.00 on top of the $600.00 already passed if he won. I could be wrong here, crappy move if so.
But why be completely negative. You're scrounging for money and you're likely going to get more than Trump/Republicans gave you in a payment.
I get why the value is now 1400 dollars I can do that basic of math at least.
It's just funny in a way that it was like "Oh no, the american people only need 2000 dollars and then they are fine, and since they got 600 a month ago like, that will still add up yanno it's like hey all copacetic! Plus I'm strapped for government cash we have to bail out the hedge fund guys soon so money aint cheap yanno bootstraps!"
Originally posted by Quincy
I get why the value is now 1400 dollars I can do that basic of math at least.It's just funny in a way that it was like "Oh no, the american people only need 2000 dollars and then they are fine, and since they got 600 a month ago like, that will still add up yanno it's like hey all copacetic! Plus I'm strapped for government cash we have to bail out the hedge fund guys soon so money aint cheap yanno bootstraps!"
I've heard of instances of people getting money and using it to splurge because they didn't really need it to cover the essentials. A few of them via social media.
But I get it, you don't punish the majority for something out of their control.
You needed the furlough scheme we had. Where businesses were paid to keep paying employees who were not working (instead of firing them), but that pay was capped to an average salary.
Paying the huge mortgages for People on big salaries who lose their job should not be a priority. However we did also pay banks to give mortgage holidays which would give even those wealthier individuals time to sort out their finances.
What you guys (or Trump) did though, just bailing out the stock market, was just atrocious. Not just morally, but even economically that was just so idiotic.
But hey im sure the Trumps and the Clintons and the Bushs and Obamas are all that much wealthier for it. Screw your average Joe right?
I never really understood the reluctance in giving a per month allowance for affected people.
Wouldn't you want people to have money, to buy things, to keep eating and etc....
It's literally how countries get out of major recessions..by spending money on major infrastructure projects.
Though I understand it was literally a cash bonus but what do you think people would use that cash on.
Originally posted by Zenwolf
Soo...we're getting $2000 anyway?...Just in now $600 and $1400......Then wtf was the point of denying $2000 to begin with?....What? That makes no sense..
McConnell blocked/reduced and then added bloat to his new proposal: McConnell blocks $2,000 stimulus checks, then ties them to unrelated Trump demands on tech and election
Originally posted by Robtard
McConnell blocked/reduced and then added bloat to his new proposal: McConnell blocks $2,000 stimulus checks, then ties them to unrelated Trump demands on tech and election
Remember when tying unrelated crap to the green new deal was terrible and purely so it not passing could be blamed on the other side?
It was terrible then but it'll be perfectly acceptable now.