It takes Newsweek to finally find someone stating common sense?

[WildBill]

This whole $2k check thing is such a load of political bullshit for both sides, disgusting. Of all places, a Newsweek columnist finally stated the obvious which gets no support from either side that all the $600 checks are such an inefficient use of stimulus. Even if we have to admit Mitch is finally doing something of value.


If the lockdowns aren't doing much to mitigate the impact of COVID, if the disease is still mostly passed from person to person in home and family settings, and if most all the people who die from it would have shortly died from something else—all things much of the available data show are true—then the best stimulus the economy could have would be for the shuttered states to reopen so everyone could go back to work.

If stopping the checks means more people clamoring for a return to normalcy, then McConnell has done the nation a great service. Larry Summers, the liberal economist who served as Bill Clinton's treasury secretary and director of Barack Obama's National Economic Council has said: "There is no good economic argument" for universal checks. The economy is roaring back, in fits and starts, with third-quarter 2020 growth at a never-before-seen 33 percent, adjusted on an annualized basis. The checks Trump, Pelosi and Schumer want can't improve on that. They can put our children and grandchildren deeper into debt than they already are.

https://www.newsweek.com/mcconnells-right-2000-checks-are-bad-idea-opinion-1558341

 

[Bigrunner]

Horseshit!

2.3 trillion dollars to the biggest corporations but $600 to individuals making less than 75K will create unhealthy/unnecessary debt for our children and grandchildren. Lol

 

[WildBill]

Horseshit!

2.3 trillion dollars to the biggest corporations but $600 to individuals making less than 75K will create unhealthy/unnecessary debt for our children and grandchildren. Lol

What will 2k do in a closed economy? The stimulus is a vote buying waste.

 

[Bigrunner]

What will 2k do in a closed economy? The stimulus is a vote buying waste.

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Economy is closed? All bills are gone? People don't need to eat. People don't need medicine. People don't have mortgage, rents, car payments to make. It's simple, people don't need money in a closed economy. Got it.

Btw, $2,000 is not a stimulus it's relief that many people need.

 

[FairWarning]

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Economy is closed? All bills are gone? People don't need to eat. People don't need medicine. People don't have mortgage, rents, car payments to make. It's simple, people don't need money in a closed economy. Got it.

Btw, $2,000 is not a stimulus it's relief that many people need.

I get both sides of the argument. To me throwing grants to bars, restaurants, etc is nice but what happens if they are closed 3 months? How about 6 months?

Here's an idea that is for the people - take some of the frivious BLM money that wasn't given to the democrats and give it to their people.

Wildbill - actually Mitch is for bigger payouts as long as its tied to other pork that benefits Trump.

 

[WildBill]

I get both sides of the argument. To me throwing grants to bars, restaurants, etc is nice but what happens if they are closed 3 months? How about 6 months?

Here's an idea that is for the people - take some of the frivious BLM money that wasn't given to the democrats and give it to their people.

Wildbill - actually Mitch is for bigger payouts as long as its tied to other pork that benefits Trump.

Of course he is. Everyone in Washington got an angle to work. Look I'm for some govt support and some unemployment benefit increases. $600 probably was too much, $300 should have been sent out day the $600 expired. Unemployment checks always get huge flow through to economic growth. Not a huge govt pork guy, but I did train in economics early in my university years and some of this shit is so obvious. Just giving everyone money gets little bang for the buck, but politicians of all stripes love it. Best use of govt spending always is for items that get spent well. State and local governments surely have some pork and made bad decisions, but money given right now isn't going to lead to any more bad decisions, it's going to keep people employed.

 

[Bigrunner]

3 years ago, when the Republicons controlled the House, Senate and President a tax cut was passed giving trillions to the richest individuals and the most profitable Corporations. Sheldon Adelson, the owner of the Sands Casino and a massive Republicon donor, received a 670 million dollar cash windfall in Q1 of 2018 because of the Republicon tax cut. Times that by 4 and billionaire Sheldon Adelson received a tax gift of 2.5 billion in the 1st year of the Trump tax cut. But $2,000 to the poor and working class is unacceptable to some. Lol

https://notonepenny.org/sheldon-ade...-q1-earnings-with-windfall-from-gop-tax-bill/

 

[FairWarning]

Of course he is. Everyone in Washington got an angle to work. Look I'm for some govt support and some unemployment benefit increases. $600 probably was too much, $300 should have been sent out day the $600 expired. Unemployment checks always get huge flow through to economic growth. Not a huge govt pork guy, but I did train in economics early in my university years and some of this shit is so obvious. Just giving everyone money gets little bang for the buck, but politicians of all stripes love it. Best use of govt spending always is for items that get spent well. State and local governments surely have some pork and made bad decisions, but money given right now isn't going to lead to any more bad decisions, it's going to keep people employed.

The same people who claim the virus was racist were for the $600 extra on unemployment. There were too many people who didn't lose their jobs, but were essential workers (thus exposing themselves to the risk) while people who were never making $900-1000/week were getting it on unemployment.

What is upsetting a lot of people now is the money sent overseas for frivious causes. Let those countries deal with them.

 

[Bigrunner]

The same people who claim the virus was racist were for the $600 extra on unemployment. There were too many people who didn't lose their jobs, but were essential workers (thus exposing themselves to the risk) while people who were never making $900-1000/week were getting it on unemployment.

What is upsetting a lot of people now is the money sent overseas for frivious causes. Let those countries deal with them.

And that's a big reason Benedict Donald won. "America First". What a greedy, horrible policy. So Un-American! We used to be the greatest country in the world but the last 2 Republicon presidents have set us back. Greed and stupidity doesn't do much good for a country.

 

[WildBill]

The same people who claim the virus was racist were for the $600 extra on unemployment. There were too many people who didn't lose their jobs, but were essential workers (thus exposing themselves to the risk) while people who were never making $900-1000/week were getting it on unemployment.

What is upsetting a lot of people now is the money sent overseas for frivious causes. Let those countries deal with them.

I don't disagree with any of this. But the point of the extra money then and now is to keep the economy afloat. Have money flowing through as close to normal as practical. Nothing wrong with adding some money to essential workers as well, but good luck with getting agreement on that.

 

[Bigrunner]

I don't disagree with any of this. But the point of the extra money then and now is to keep the economy afloat. Have money flowing through as close to normal as practical. Nothing wrong with adding some money to essential workers as well, but good luck with getting agreement on that.

No, its not about the economy. More people in America than ever are hungry, waiting in foods lines, behind on mortgages and rent. This is not a stimulus, it's relief for the millions out of work. Can you imagine how far $600 goes in New York. But one of the 1st things the Republicons did is add 2 trillion to the deficit so billionaires like Republicon donor Shelley Adelson received a billion tax windfall. Disgusting to use America's debt and deficit to fund trillions of tax gifts to the richest Americans and foreign investors that don't need the money.

 

[WildBill]

No, its not about the economy. More people in America than ever are hungry, waiting in foods lines, behind on mortgages and rent. This is not a stimulus, it's relief for the millions out of work. Can you imagine how far $600 goes in New York. But one of the 1st things the Republicons did is add 2 trillion to the deficit so billionaires like Republicon donor Shelley Adelson received a billion tax windfall. Disgusting to use America's debt and deficit to fund trillions of tax gifts to the richest Americans and foreign investors that don't need the money.

If people are out of work they should be getting unemployment support and those who are feeding them (ie. local governments) should be getting money too. Throwing out helicopter money hoping it falls into the hands of people who are starving is a political game, not a smart stimulus.

 

[FairWarning]

No, its not about the economy. More people in America than ever are hungry, waiting in foods lines, behind on mortgages and rent. This is not a stimulus, it's relief for the millions out of work. Can you imagine how far $600 goes in New York. But one of the 1st things the Republicons did is add 2 trillion to the deficit so billionaires like Republicon donor Shelley Adelson received a billion tax windfall. Disgusting to use America's debt and deficit to fund trillions of tax gifts to the richest Americans and foreign investors that don't need the money.

Those evil republicans.

 

[Bigrunner]

Those evil republicans.

Un-American and greedy Republicons. It's not about county or constitution, it's about their donors. Donors, lobbyists, Moscow over Country. Ask Republicons Benedict Donald and Moscow Mitch.