The Next Stim Package

It appears the economics will be the savior of the nation during this pandemic.

We have already had 4 or 5 stim packages to lift the morale and hopes of the American people while steadily increasing the profits of corporations.

And now I hear the Dems and others are talking about another round of stim to help cope with this virus….but what should be included in the final bill?

How about such deals as pay check guarantee or mortgage/rent assistance or maybe some economic stabilizers……

For the next stimulus package, some lawmakers want to go bigger. Much bigger.

While it could be weeks before members of Congress land on the next bipartisan bill to combat the economic fallout of the coronavirus, many have no shortage of ideas about what that could look like. House Democrats, after all, have already passed their $3 trillion opening bid, with a focus on getting more than $900 billion to states and cities.

Make no mistake, focusing on an influx of funding to local governments is hugely important and could do a lot to stave off the long-term economic effects of the crisis. But other ideas that have been proposed — like a federal paycheck guarantee or rent cancellation — would also be more ambitious ways to address the problem than what lawmakers have done so far.

A focus on implementing such expansive stimulus could well be warranted given the scale of the problem: Economists say that Congress’s economic support needs to match the devastating nature of the issue at hand. As of mid-May, the country’s unemployment rate is still growing, with more than 36 million people applying for unemployment insurance within the first eight weeks of the crisis.

https://www.vox.com/2020/5/18/21246421/congress-stimulus-ideas

But then I ask…who will these “guarantees” actually benefit…the average American or the people that control their lives?

Plus I do NOT see Trump approving of this stim package….this would not benefit many of his buddies….or enrich himself.

Any thoughts?

I Read, I Write, You Know

“lego ergo scribo”

8 thoughts on “The Next Stim Package

  1. Our government surprised us with a generous package to allow people to be furloughed at home, and some support of the self-employed too. But once that ends, the real shock of unemployment is going to hit hard. Then there will have to be tax increases, to pay back the money given out. What they give with one hand is eventually taken back with the other.
    Best wishes, Pete.

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