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If this kind of thing is even under consideration, the WH economists must be telling Trump a Depression is coming. Not a recession, a full on depression.
If this kind of thing is even under consideration, the WH economists must be telling Trump a Depression is coming. Not a recession, a full on depression.
I love that it's going to people who file taxes and have tax returns. That makes sense. Why send it to people that don't pay taxes. This is a stimulus move, not a humanitarian one.
Frankly, opening day of the "lockdown" was a joke. May as well send everyone back to work.
I love that it's going to people who file taxes and have tax returns. That makes sense. Why send it to people that don't pay taxes. This is a stimulus move, not a humanitarian one.
Frankly, opening day of the "lockdown" was a joke. May as well send everyone back to work.
This is not necessarily the case. Nothing has been released about how it will be paid out other than those who make a large income will not receive it.
last time they did this it was a joke in 2008 ... instead of spending the money and stimulating the economy most people either banked it or paid an old bill ... but what they did is put a lower income cap on who gets it so the people most likely to spend it with higher incomes never got it
Capitalism is alive and well in America! Bank bailouts, auto bailouts, etc - 2008-2009 and 2020 talks of multiple industry bailouts, repo market nationalization, QE infinity, and helicopter money for starters. Keep capitalism great again!
LOL
I really wanted them to let GM die on the vine back in 2008. Let them file BK, get re-organized and cleaned up on their own. Instead, here comes Uncle Obama AKA Uncle Sam with his bailout that screwed the bondholders royally. GM had so much debt and was run so poorly that they deserved nothing from the feds. We set a very bad precedent, and here we are today. The airlines already have their hand out. I say no way. They can sell planes, they can raise cash, they can take out business loss insurance, they can do it the old fashioned way. We are not all in this together, and this isn't a communist country....yet.
I think they need to be very considerate of the cutoff. A person making 150k a year in a rural community is a lot different than someone in NYC making 150k a year. I make 85k. Above what some people are saying will be the cutoff, but it costs me 800 a month just to go to work, before any other expenses. My property taxes on my small lot in a terrible school district are 10k a year. I know I know i chose to work here. But if my job gets cut even temporarily i cant just run off to a lower COL area.
they want to get this money out to people asap. When they start picking people who get it, it gets bogged down in politics. Give the money to the people, we have an election this fall.
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