zydeco

2 minutes ago, Berkshire said:

Actually, Trump may be using Obama's playbook from 2008....

 

[The Economic Stimulus Act of 2008 provided payments averaging $600 per person, injecting more than $100 billion into the economy within a matter of months.]

[The payments were directly deposited into bank accounts by the U.S. Internal Revenue Service (IRS) to taxpayers who filed their taxes electronically, or came as paper checks to other taxpayers. Individuals who didn't make enough to pay federal taxes still had to file an IRS statement that year to get a payment.]

[Economists concluded that it was one of the most effective measures deployed to blunt the impact of the worst downturn since the 1930s.]

 

https://www.yahoo.com/news/explainer-white-house-1-000-182527422.html?.tsrc=jtc_news_index

 

I do recall receiving money from the IRS through direct deposit, but can't remember how much.  And yes, I was in Thailand at the time.

That is exactly how I remember it, too. A similar system will likely be responsible for payouts this time, too, especially since they are promising the money within two weeks. Two weeks is not a lot of time to create paperwork, have people apply, then be screened, then approved, and only then get the money.

1 minute ago, lannarebirth said:

 

We're just getting started:

 

 

Funny. Trump will get re-elected on Andrew Yang's platform. 

6 minutes ago, WalkingOrders said:

I see your point on distribution of 1k by means, or to those under a certain income level. I do believe that hardship for people on min wages, paycheck to paycheck will be significant, potentially life altering. But making the determination of what that income level should be, may be difficult. Perhaps, under 100k, or even less?

Getting better. But I like the idea that we are all in this together. A few at the top (I'm talking about you Boeing) should not make out like bandits for designing faulty airplanes and using their loans and profits to buy back their own stock. No firm that engaged in stock buybacks should get any bailout money until and unless they they sell off the stock they bought back.

4 minutes ago, Eric Loh said:

After this massive bailouts, US economy will be upgraded from zombie to full fledge kleptocracy. 

That's already here. Biggest bailouts evah!

20 minutes ago, rhyddid said:

1,000 USD in US you eat for 4 days and then on anger strike

Anger strike seems like a good idea. I'll get around to it when the government stops giving bailouts to giant corporations who used loans and profits to buyback their own stock the last ten years.

1 hour ago, webfact said:

Concerning public health, foreigners coming from six infected zones - China, Macao, Hong Kong, South Korea, Italy, and Iran - as well as countries with continuing transmission of the virus, are required to have health certificates issued in the previous three days, as well as health insurance coverage.

This seems unclear. With the inclusion of "as well as" he seems to be adding the second group of countries "with local transmission," which would, then, now include the US and UK, along with Germany, France, and Japan. The only people being allowed in without paperwork, it appears, are Russians and Indians.

10 minutes ago, JHolmesJr said:

The 2020 lineup:

 

Boundless energy, optimism, solid track record, kept promises

 

VS

 

Dementia, Establishment Corruption, Thin-skinned Belligerence

Narcissistic, incoherent, lying, jumping bean

VS

Perhaps somebody utterly sane, vital, and experienced coming out of the convention who is not Biden.

2 minutes ago, lannarebirth said:

Given the very high unemployment rate we are about to experience, I agree, healthcare will loom large. Biden is marginally better on that but still terrible. For my family Trump would be better though I could never vote for him. So my financial calculus is Biden worth the extra $!0k/yr I'm paying for Obamacare. Of course healthcare isn't the only issue.

It will mostly be about debt. I suspect a sizable majority of Americans are already so debt burdened that a couple of weeks without a salary will push them over the edge. Unless mortgages, loans, and credit card balances disappear, people will be nothing but debt serfs for the rest of their lives. The Fed may go to ZIRP or NIRP but those credit cards are not budging from 20 percent interest rates. As far as health care, I do believe there are a lot of people in government gleefully, albeit quietly, rubbing their hands together over the prospect of this virus doing away with the sickest of the sick and the very elderly and thus "saving" Social Security and Medicare/Medicaid. 

1 minute ago, Jingthing said:

No guarantees there will even an election at all so I can't take your post seriously. I agree though that 45 is running to stay out of prison. 

No problem with an election, especially if the incumbent is able to "screen" all the voters for the virus as they try to enter the polling places.

1 minute ago, lannarebirth said:

 

I'm not convinced that the DNC doesn't want Trump to win.

Considering the economic abyss we are falling into, which could last for a decade, it may be that the Democrats don't want any part of the blame.

Global debt is over $250 trillion. Is the Fed going to bailout everybody?

Getting more and more like China every day.

5 minutes ago, bristolboy said:

And what percentage of your expenditures will stimulate the US economy compared to those living in the USA?

A lot more than Donald Trump's and Jeff Bezos'. 

7 minutes ago, mtls2005 said:

 

Clueless.

 

Best to not expose your ignorance.

 

 

He only understands his own filing status.

9 minutes ago, bristolboy said:

If it's to help those in need, then make it dependent on how much income you earn.

Why stop there? Do it for SS too. Why should Warren Buffet, Bill Gates, or Tim Apple be eligible for SS?

16 minutes ago, WalkingOrders said:

I do have concern about the national debt.

Not if you support Trump, who has increased it to $23.5 trillion and when you add on what he is proposing now through QE, Repo, bailouts, and tax cuts, it could be another $8 trillion. As I said, yesterday the US debt is screaming towards $30 trillion plus and Trump did it.

32 minutes ago, WalkingOrders said:

Retired military, that is called a pension, and you are damn right we deserve it! The situation of injecting cash into the United States economy, as part of an economic stimulus in response to crisis, is not meant to stimulate the Thai economy. That is obvious. Residency in the USA, proved by having local address should be a requirement. Residing in Bangkok!

And if I live in Bangkok and purchase things from the US, that doesn't stimulate the US economy? BTW, I stimulate spend a lot more than $1000 every month in the US, although I'm still in Bangkok.

1 minute ago, Langsuan Man said:

With all due respect those military member chose to live overseas and accept all the inconveniences that entails

I have a suspicion that some of these people wanting an exception for expats who retired military are themselves retired military. They, you see, deserve it. Nobody else does.

13 minutes ago, Cryingdick said:

 

Check in the mail to a verified address with in the USA or one of its territories or pick it up in person with valid federally recognized ID such as a driving license with the star and TSA endorsement..

You want to pile on costs to the program, just because you have a vendetta against expats because you felt mistreated in Thailand. Well, guess what, they'll do this the same way they did it last time, when Obama cut a $400 check to everyone and had it direct deposited. Everyone was eligible by having filed taxes the year before or by filing a blank form if you were on SS or disability? BTW, are you getting a monthly check from the government already?

26 minutes ago, samran said:

The rugged individualists are totally conflicted right now. Their demigod acting like he is Bernie Sanders. 

If you're a corporation. But if you're an individual and want health care. Well, wait a minute. You see, that is baaad socialism. Trump will use the $1000 per (individual or household?) to hide behind his multi trillion dollar giveaway of taxpayer money to the likes of Boeing, the cruise ship companies, and airlines.