Quote (InsaneBobb @ Oct 8 2020 12:43am)
Yeah, that worked great. So I heard that a very different way than you did. I may have to listen to it a couple more times for a better evaluation. But how that hit me was that he evaluated a 4 point plan, in order of what needed done:
4. $1200 stimulus 2nd round.
He repeated them, in order, as though they're in rank of importance. And it sounded (to me) as though those 4 would be A piecemeal plan. As in, not an overreaching Covid Relief omnibus bill, just a 4 point bill.
I honestly forgot about schools, been out of college for a long time, let alone primary schools. But hearing they have in excess of 100b reserved for reopening them... Yeah, that's big. I like what he had to say. Dunno that I heard it the way you did, and the emphasis was definitely first and foremost on PPP. But he definitely put a lot more importance on bailing out the airlines, which I still disagree with, but hey, that's politics, right? ;)
I forgot about schools when I listened to this also
No I think we heard it the same, perhaps disagreeing on some semantics The thing is all this money all comes from the same source. Whether congress already allocated it or not it’s still going to come out of the treasury. The idea that there is still 135billion remaining PPP for small businesses is quite honestly absurd. 1 in 6 small businesses in the US have already closed. What are we waiting for exactly? And the extra 25billion being referenced for airlines, this has to be implied new 25 billion becaus they already got 25 in march. Unless they are proposing diverting 25 billion of PPP designated for small business and giving that to airlines, which is more ludicrous than just giving them an additional 25 billion. Looks good on paper I suppose, but disgusting when you think about it. Regardless it’s clear airlines will be getting more aid, just a matter of when. Will be a 500 point day for the dow
$1200 additional month is a political statement and nothing more, bandaid on an arm that is in the process of falling off. Yes you need some bandaids , you also need a hell of a lot more. Of the Only 32% of Americans that even have a 401k, 50% of them needed to make early withdrawals. What does this say for the Americans that don’t even have oneThis post was edited by Bazi on Oct 8 2020 12:09am