'We're going big': Trump seeks $1 trillion economic stimulus as U.S. battles coronavirus

[metisdead]

A post using a trolling representation of Mitch McConnell's name and a reply has been removed. 

[Lacessit]

About all that can be done, because the interest rate barrel has reached bottom. Rates are not coming down in the peer-to-peer markets.

[Mavideol]

4 hours ago, zydeco said:

The same airlines that spent $45 billion over the past ten years in stock buybacks artificially boosting their stock price and executive bonuses. 

America the great 555....

[Krataiboy]

7 hours ago, leeneeds said:

The debt of the country will be in  numbers that I can not write.

Name	Number
Million	1 x 106
Billion	1 x 109
Trillion	1 x 1012
Quadrillion	1 x 1015
Quintillion	1 x 1018
Sextillion	1 x 1021
Septillion	1 x 1024
Octillion	1 x 1027
Nonillion	1 x 1030
Decillion	1 x 1033
Undecillion	1 x 1036
Duodecillion	1 x 1039
Tredecillion	1 x 1042
Quattuordecillion	1 x 1045
Quindecillion	1 x 1048
Sexdecillion	1 x 1051
Septendecillion	1 x 1054
Octodecillion	1 x 1057
Novemdecillion	1 x 1060
Vigintillion	1 x 1063
Unvigintillion	1 x 1066
Duovigintillion	1 x 1069
Trevigintillion	1 x 1072
Quattuorvigintillion	1 x 1075
Quinvigintillion	1 x 1078
Sexvigintillion	1 x 1081
Septenvigintillion	1 x 1084
Octovigintillion	1 x 1087
Nonvigintillion	1 x 1090
Trigintillion	1 x 1093
Untrigintillion	1 x 1096
Duotrigintillion	1 x 1099
Ten-duotrigintillion (or Googol)	1 x 10100
Skewer's Number	1 x 10130
Centillion	1 x 10303
Googolplex	1 x 1010100

And when the dust settles after the latest viral tornado, the bankers will have the perfect scapegoat on which to blame the biggest financial crisis in history.

[PaceArrow]

Interesting parallel, that the most dominated Democrat states of New York, Washington and California have the most confirmed cases of the highly contagious respiratory illness. Is there a prophetic message there??

[bristolboy]

9 minutes ago, PaceArrow said:

Interesting parallel, that the most dominated Democrat states of New York, Washington and California have the most confirmed cases of the highly contagious respiratory illness. Is there a prophetic message there??

Probably a function of the fact that they have lots of wealthy people who travel a lot. Georgia also is a hotspot because it has the busiest airport in the world.

[Eric Loh]

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

[zydeco]

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!

[Berkshire]

20 minutes ago, PaceArrow said:

Interesting parallel, that the most dominated Democrat states of New York, Washington and California have the most confirmed cases of the highly contagious respiratory illness. Is there a prophetic message there??

Hmmm...hurricanes always hit the southern US....is there a prophetic message there?

 

Don't be ridiculous.  Most of the COVID in the US started with American travelers returning from overseas.  So you're saying Dems are wealthier and can afford to travel to Europe?  It's about demographics.  But don't feel left out.  Georgia, Florida, Louisiana, Tennessee...they're all catching up fast.  It's the nature of pandemics. 

[lannarebirth]

9 minutes ago, zydeco said:

That's already here. Biggest bailouts evah!

 

We're just getting started:

 

 

[zydeco]

1 minute ago, lannarebirth said:

 

We're just getting started:

 

 

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

[lannarebirth]

1 minute ago, zydeco said:

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

 

It is certainly ironic. He implored Biden and Bernie to wake up but they weren't having it. Bernie announced something today but it's too late and his aides have said he's already winding down the campaign. Our champion Biden, still hasn't said anything, which may be as good as things get for him.

[zydeco]

They used to tell me I was building a dream
And so I followed the mob
When there was earth to plow or guns to bear
I was always there right on the job

 

They used to tell me I was building a dream
With peace and glory ahead
Why should I be standing in line
Just waiting for bread?

 

Once I built a railroad, I made it run
Made it race against time
Once I built a railroad, now it's done
Brother, can you spare a dime?

[metisdead]

An offensive troll post has been removed. 

[Berkshire]

18 minutes ago, zydeco said:

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

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.

[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.

[AussieBob18]

Great move by Trump - hopefully the money will keep the economy moving and stop it collapsing.  Not much positives out of avoiding the virus, but the economy crashes and masses of companies fold and many millions are out of work.  Hope the rest of the world follows suit. Trump knows the truth - his Admin must do what they can to ensure that both the people and the  businesses survive this.

 

 

[lannarebirth]

18 minutes ago, zydeco said:

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.

 

Two weeks is forever. I've been in the house with my wife for 10 days already. I forgot to get a haircut before the SHTF. So my wife gave me one. Forget the CV, I'm gonna need 6 weeks before I can show myself in public now. She thinks it's funny and I'm wondering what kind of toxic household cleaning product mimics the appearance of a late stage CV patient.

 

 

 

Edited March 18, 2020 by lannarebirth

[Mac98]

8 hours ago, samran said:

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

No, he's pure capitalist. He's buying an election with other people's money.

[Eric Loh]

10 minutes ago, Mac98 said:

No, he's pure capitalist. He's buying an election with other people's money.

You just defined kleptocracy. 

[nauseus]

10 hours ago, Cryingdick said:

 

There is no reason for a depression. The economy is fundamentally sound. The short term impacts are going to be big. However later in the year things should become somewhat normal.

The economy is fundamentally sound. Sounds like the Donald himself. The US economy is fundamentally unsound and has been for years. 

[justin case]

and how much to save BANKS & STOCKS again, and again and again ?

 

corona SCARE is a goldmine

[metisdead]

A troll post and a reply has been removed. 

[Kelsall]

Will those Americans who feel Trump is "not my president" be refusing the $1000?

[Chomper Higgot]

25 minutes ago, Kelsall said:

Will those Americans who feel Trump is "not my president" be refusing the $1000?

Will all those who have previously ranted against free handouts, socialism and spending other people’s money?

Edited March 18, 2020 by Chomper Higgot

[Tug]

It’s all trump knows borrow and spend imo it will take several generations to recover from this administration imagine a competent administration that had prepared in January for this not one that had lied and denied to keep the stock bubble inflated.oh well it is what it is imo more debt is not the answere maybe a hold on mortgage payments and granting unemployment benefits but not more debt

Edited March 18, 2020 by Tug

[Berkshire]

1 hour ago, Kelsall said:

Will those Americans who feel Trump is "not my president" be refusing the $1000?

55555  If the US GOV is going to give me back some of MY money that I've paid in taxes, of course I'm going to take it.  What kind of a question is that?  Now if Trump wanted to give me some of his own personal money, I might have to think about it. 

[roquefort]

11 hours ago, lannarebirth said:

 

That's a good idea. Or just liquidate the stock and turn the companies over to the bondholders. Those people are smarter than people who buy stocks anyway.

 

 

 

Why are you obsessed with giving companies to bondholders? Do you hold a lot of corprate bonds?

 

Most peoples' pension funds hold a large proportion of publicly quoted stocks.

[lannarebirth]

5 hours ago, roquefort said:

Why are you obsessed with giving companies to bondholders? Do you hold a lot of corprate bonds?

 

Most peoples' pension funds hold a large proportion of publicly quoted stocks.

I'm not obsessesed with it. It only applies if companies don't have enough money to pay their debt holders and don't meet other covenants agreed upon. I'm sure most pension fund managers have strict criteria to avoid the many many companies that have poor debt to income ratios.

Edited March 18, 2020 by lannarebirth

[URMySunshine]

7 hours ago, Kelsall said:

Will those Americans who feel Trump is "not my president" be refusing the $1000?

I had some respect for his cojones when he said it would be over in May not now he has fallen for the Democrat Corona Hoax. Can't figure out though what part of his medical genius is engaged now and not then ? Most strange ...could it be little Dr Fauci....

Edited March 18, 2020 by URMySunshine