Trump team prepares rescue package of at least $800 billion (downturn, economic, election)

[TylerJAX]

Originally Posted by beach43ofus

Blue stimulus good

Red stimulus bad

Conservatives are being compassionate, helping others, saving lives, saving homes, saving families, saving employers, stimulating the economy during a crisis...what is your objection to this?

Conservatives must set aside their convictions to help fellow Americans in need.

As President Trump said earlier today, We must set aside partisan politics to beat this enemy.

I'm glad that you boarded the Keynesian Train, brother.

[SoCal25]

Originally Posted by Wardendresden

Heard an economist today say one trillion dollars won't do it. We need at least FOUR trillion dollars. And if that sounds atrocious, think of the cost of a depression that will make 1929 pale in comparison. And remember, some of the "horrible" socialist programs like social security began during that depression.


When your house is on fire, you don't quibble over the cost of water to put it out.

LOL...I saw $1.5T and $2.0T, they have to keep upping the estimate to get a headline.

[Hopeful for Life]

Originally Posted by Wardendresden

Heard an economist today say one trillion dollars won't do it. We need at least FOUR trillion dollars. And if that sounds atrocious, think of the cost of a depression that will make 1929 pale in comparison. And remember, some of the "horrible" socialist programs like social security began during that depression.


When your house is on fire, you don't quibble over the cost of water to put it out.

Social Security IS Horrible- a huge theft of income to be redistributed to others who contribute less.

[Hopeful for Life]

Originally Posted by beach43ofus

Blue stimulus good

Red stimulus bad

Conservatives are being compassionate, helping others, saving lives, saving homes, saving families, saving employers, stimulating the economy during a crisis...what is your objection to this?

Conservatives must set aside their convictions to help fellow Americans in need.

As President Trump said earlier today, We must set aside partisan politics to beat this enemy.

Repub politicians are opportunists who are attempting to buy voter loyalty with their bribes.

[Threerun]

Originally Posted by workingclasshero

trumps average deficit is still lower than Obama's average deficit of 1.06trillion including fy16 which was 1.4 trillion


the average deficit of Obama...1.06 trillion.....6 out of 8 years with trillion+ deficit, including his last full year FY16


deficits didn't drop under Obama....6 out of 8 years with trillion dollars deficits including his LAST YEAR

10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 1,641,103,866,572............................1.6 trillion deficit fy10

10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11

09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12

10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion

10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14


10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion



10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16

source: US Treasury

Well that's just dandy comparing it to Obama. My comment was directly related to YOUR comparison of the US to Europe. Remember?

Originally Posted by workingclasshero

and European nations are opening up as much as 20% of their GDP (including poor spain)...20% of our GDP would be in the 5 trillion range


trump is being conservative... yes he is opening up needed monies, but being smart about it

The page I referenced is US spending relative to GDP which is a measure of prudence, and Trumpo has taken us further into that abyss than what he inherited from Obama.

Maybe if you post something like, oh, spending per GDP for European countries maybe you could actually... oh.... frame it with reference to your own damn country.

[Mr.Retired]

Originally Posted by beach43ofus

Blue stimulus good

Red stimulus bad

Conservatives are being compassionate, helping others, saving lives, saving homes, saving families, saving employers, stimulating the economy during a crisis...what is your objection to this?

Conservatives must set aside their convictions to help fellow Americans in need.

As President Trump said earlier today, We must set aside partisan politics to beat this enemy.

Opinion: Well done...............truly non partisan when all Americans receive a handout in the mailbox.

President Trump is making sure China is finally repaying Americans rather than politicians after years of being ripped off...........

[FreedomPenguin]

How does this work? Do people not working, social security, disabled 100% veterans, etc or people who don’t even have a job, do they get this too? They shouldn’t as they didn’t lose money in first place. I’m perplexed how sending $$$ to everyone will benefit society

[DaBurgh]

Lets not forget that the Leftists would currently rather have the Senate bogged down with Impeachment witnesses instead of focusing on a national crisis

[Finn_Jarber]

Originally Posted by workingclasshero

no..a big no

I don't think there should EVER be bailouts... not by bush, not by Obama, and not by trump

Then what do you mean Trump is being conservative by demanding a MASSIVE bail out and redistribution of funds?

[Myghost]

Originally Posted by Finn_Jarber

Distribution of wealth seems to be Trumps #1 priority.

I have been wondering how his base will spin or interpret this whole thing. Think about these facts:
-The left was correct that the Virus is not a hoax, reporting of it has been real, it will not disapear like a miracle.
-Trump has basically been forced to come around (thank God) and take the recommendations of the medical/science community
-The response to the crisis has been very progressive:
--Checks to all are expected (Is Trump buying votes?)
--Bailouts of the economy are expected (is this time better than when Obama did it?)
--GOP is being forced to consider American Citizens, instead of just business interest
--ALL of these actions acknowledge that trickle-down solutions don't work


When this is all over, will the GOP go back to taxing the working class and giving it to business, or do we think this is a fundamental shift, where the right finally acknowledges (permenantly) that progressive ideas work better (not flawlessly) than constantly redistributing wealth from the middle class to the elite?


TDS-Label all you want. Look at what is happening. Trump's response is EVERYTHING HE HAS RAILED AGAINST for the past 3-4 years, goes against everything he was saying just a week ago about the virus, and is a carbon copy with enhancements of Obama's successful response to the GWB-Recession.