Well we just pumped 1.5 trillion into the market and it helped stocks go up for like 15 minutes, so comparatively, this would be a huge boon to people like me and my wife, who has already been laid off from CoVID and was our family's primary earner.
Well we just pumped 1.5 trillion into the market and it helped stocks go up for like 15 minutes, so comparatively, this would be a huge boon to people like me and my wife, who has already been laid off from CoVID and was our family's primary earner.
This is not a headline I expected to read today.
These are not the same things.
These are not the same things.
We didn't do that, the Fed did, and that money was already in the market.
This proposed legislation would have to come out of the federal budget, and would be paid by us taxpayers.
Yes and no. Basic income is a given and it's HARDLY a yang idea. For basic income to work accordingly, you also need to not cut in other aids.
Not really, even the right wing economists are suggesting this kind of economic stimulus.
Yes, I specifically remember the '08 amount was a one time $600 check for stimulus purposes.
His dad was trying to actively fight racial segregation in the 70s, so the potential was always there even if he's towed some standard GOP lines the past few decades.
I think he's just decided to double down on crossing the aisle since the GOP hates him after the Impeachment Hearings.
I'd be okay with that.
Some members of the GOP are actually starting to act like human beings with empathy. Only took a viral outbreak to make it happen. Cool. Now help us get Medicare for All so that people don't have to fear a sickness putting them on the street.
Really seems like Mitt is trying to "right the course" of the GOP, doubt it will get him far outside a doomed to fail bid for president but may as well see how far he goes
Not really, he's just not an idiot and is willing to listen to economists about the potential fallout from the pandemic.
GOP handing out money to people other than rich white guys? Shit is going to get crazy
He might be the last Reagan Era GOP
I mean.., yes Mitt Romney's heart and mind are in the right place with this proposal but it really does feel like these politicians are shooting from the hip and don't know where to aim.
They're totally disorganized and have no plan. A $1k per person stimulus is an okay first step but they also need to make interest free loans of higher amounts available to low income families right now. 1k can put groceries on the table for a few weeks but it can't help with emergency expenses.
They're totally disorganized and have no plan. A $1k per person stimulus is an okay first step but they also need to make interest free loans of higher amounts available to low income families right now. 1k can put groceries on the table for a few weeks but it can't help with emergency expenses.
His ideology hasn't changed, he just doesn't want the economy to tank.
Maybe, though "Reagan Era GOP" created or exacerbated the majority of our current problems. Not exactly a compliment.
This is a proven stimulus method that has helped gas the economy in the past.
$1,000 a month for every American is the right move IMO.
How can we afford this? Is like asking how can we afford to break our leg jumping out a car that is going off a cliff. You jump, take the damage, figure it out.
No one is coming out of this unscathed. Just accept it.
How can we afford this? Is like asking how can we afford to break our leg jumping out a car that is going off a cliff. You jump, take the damage, figure it out.
No one is coming out of this unscathed. Just accept it.
not sure about that. The guy was flat our saying Iran had nukes and would use them when he ran for president, even when the CIA was publicly saying the opposite.
maybe his true nature is kinder. When running for president as a republican you have to turn into a racist, lowest common denominator asshole it seems.
No, this is the opposite of shooting from the hip. Economists have been recommending direct stimulus to the populace for a bit now. This is him listening to people like Greg Mankiw.
Countercyclical fiscal policy.
It's why doing mass tax cuts while you're 10 years deep into a bull market is incredibly dumb and short sighted.
Depending on how long people will be out of work, this will not be enough. Unemployment should be raised to either 75 or 100%.
Nah, that makes no sense. Unemployment is about 2x this amount per month, and if they give you this and reduce your unemployment by half then you really cant consider this a stimulus, kinda makes it pointless.
This is a really good idea. And talk bozos into it while we are at it.
Willard, you're starting the sound less like a republican each and every day.
Only give it to people who've "earned" it.
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Wasn't eventually. To take the UBI you had to forgo all other assistance programs.
With Trumps absurd vanity I bet he will be very enthusiastic about this just so he can plaster his face and signature on the check because that's the closest he'll get to having his face immortalized like other presidents on money right now.