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Stimulus Debate in the time of Corona

Discussion in 'BBS Hangout: Debate & Discussion' started by justtxyank, Mar 17, 2020.

  1. RayRay10

    RayRay10 Houstonian

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    That is what's strange to me. They're looking down the barrel of the greatest economic collapse in almost 100 years...why wouldn't you try to push out as much money as you can to try to help offset that? What good does sitting on (what most experts say) a surplus of money at this point? Instead, the economy is going to crash in the next couple of months, businesses are going to go bankrupt, millions of people out of work...they're going to be pissed off come November and probably vote them out if they don't relent.

    Are they that caught up on the rich must stay rich and the poor must be poor that they won't change? Do they think they can propaganda their way out of this come November? Is that the only strategy anymore?

    If I'm the Dems, I just keep pushing up proposals like this, over and over, stick to your guns and just ride it out at this point. Just keep pointing out how Mitch and Co. aren't willing to give people money when they need it.

    Then again, I'm counting on the populus to react in a logical manner...after 2016...I'm not sure that can ever be counted on again.
     
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  2. SamFisher

    SamFisher Contributing Member

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    Yeah, again I'm highly skeptical this works. You literally cannot hide the bodies. You cannot hide the starving people. We've never experienced 20% unemployment - it's going to hit everything.



    I don't doubt that they think they can, and over a deadly painful summer, it's going to dawn on them that they can't and maybe they'll start a shooting war with China instead.
     
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  3. dobro1229

    dobro1229 Contributing Member

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    Oh no doubt. The big question is if and when the death hits the red areas, and hit .... frankly.... white people, is there a change in political strategy. You cannot hide or lie your way out of death, and especially death of close family members. Based on what I'm seeing though, these folks are in a cult for sure. My parents are definitely in a cult, and if I was to get Covid and die from it, while they would certainly be sad about my death, I'm 100% sure that it would have zero impact on their cult mindset on the politics of Covid.

    Trump will be able to lie to his cult, and they'll buy it regardless.. but his cult isn't enough to win the election. He's just double, and tripling down on his base strategy like he always has done.
     
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  4. SamFisher

    SamFisher Contributing Member

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    My worst nightmare is that Trump pivots to the Bannony idea of a redistributionist economic nationalism -> soft fascism and then gets elected to a second term and declares himself dictator for life. There's never been a riper moment for this.

    But, I think he's too stupid and addled at this point, also the GOP's backers like Murdoch, Koch, etc are too powerful still to keep this from happening (not because they hate dictatorship, they just like their money way way more), and to overcome them, it would require effort, energy and commitment, something Trump has none of.
     
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  5. KingCheetah

    KingCheetah Contributing Member

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    [​IMG]
     
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  6. NewRoxFan

    NewRoxFan Contributing Member

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  7. SamFisher

    SamFisher Contributing Member

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    GOP really aiming for electoral success:



    Nice own goal dipshit. Your state has a huge COVID19 epic, it's economy is devastated by job losses more so than other states, your state government is billions in the red.....and this is your response.
     
  8. Buck Turgidson

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    Fun thing I learned today: Roger Williams, my US "Representative" (his gerrymandered district runs from south Dallas to south Austin), who happens to be the 9th richest memeber of Congress (net worth $45M), who likes to decry 'socialism' and praises the 'free market', took an undisclosed amount of PPP money from the SBA to help out one of his car dealerships.
     
  9. Invisible Fan

    Invisible Fan Contributing Member

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    Bless that man and his money.
     
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  10. Buck Turgidson

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  11. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    Perfect summary of America these days. God help us.
     
  12. Buck Turgidson

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    He got to the front of the line, which sickens me more than anything.
     
  13. SamFisher

    SamFisher Contributing Member

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    Yeah car dealers exist bc of anti free market laws that allow them to exist and prohibit manufacturer sales, then ****ers like this go to Congress (and there's a lot of car dealers in Congress) and whine about socialism, then put their hands out first.
     
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  14. Buck Turgidson

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    My cutoff is the Burnet/Blanco County line. My other Congressman is Chip Roy.

    I wish I could vote in both elections.
     
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  15. Buck Turgidson

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    Can't edit so...

    Roger Williams Chrysler Dodge Jeep in Weatherford said in a statement that “like millions of small businesses across America, our family-owned business was not immune to the economic damage caused by the government’s shelter-in-place orders and the impacts of COVID-19.”

    Yep, just a small family-owned business.

    https://www.dallasnews.com/news/pol...coronavirus-relief-fund-for-small-businesses/

    Oh, and in case anyone was wondering: he inherited it from his daddy.
     
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  16. NewRoxFan

    NewRoxFan Contributing Member

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    Remember all that BS about blue states?????

     
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  17. NewRoxFan

    NewRoxFan Contributing Member

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  18. RayRay10

    RayRay10 Houstonian

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    Mitch just sitting back waiting while tons of people are out of work. Problem with putting a guy like him in charge is he doesn't move quickly when needed and he waits on his corporate overlords to direct him. What does he care...money's still flowing into his pockets.

    Main thing to notice is that the GOP only talks about businesses...they aren't talking about citizens and how to help them out.

    https://www.nbcnews.com/politics/co...navirus-relief-spending-willing-talk-n1211451

    Republican senators still cool to more coronavirus relief spending, but willing to talk about PPP revamp
    GOP Sen. Portman suggests instead of extending unemployment payments, funding could be spent on rehiring bonuses.​

    Senate Republicans appear generally supportive of a bipartisan House plan to fix the PPP loan program to allow businesses greater flexibility in spending the loan money they receive, even as they remain cool to passing another large-scale relief bill.

    "I hear a lot of pushback about the 75-25 [split of how businesses can spend the loans], yeah, so that’s something we could maybe find common ground on," South Carolina Sen. Lindsey Graham told NBC News.

    "I think it would be appropriate to do it," said North Dakota Sen. Kevin Cramer. "I think constituents would like us to do that kind of work."

    The picture that emerges from conversations with Republican senators is that there's a philosophical difference at play: Congress should be focusing on reopening, not relief. In practice, that means ending expanded unemployment benefits, potentially modifying rules for spending money already appropriated, and easing the path for businesses to reopen and rehire — a reopened economy is the relief.

    Senators expressed a similar willingness to tinker with programs they've already passed, while still maintaining that now is not the time to pass another massive relief-oriented spending bill.

    "Why would you load up the money cannon again, and fire that off, when a majority of the biggest monstrosity we've ever even contemplated hasn't even been deployed yet?" asked Sen. Pat Toomey.

    Graham said that a bill his Judiciary Committee is writing to protect businesses from frivolous lawsuits related to the coronavirus would be a key component in any GOP legislation.

    "We’re trying to find common ground with Democrats, think you got to have a regulatory scheme that would protect consumers and employees," Graham said.

    Sen. Rob Portman acknowledged that Republicans have made a mistake by focusing on attacking House Speaker Nancy Pelosi's response to the crisis, rather than offering more alternative measures of their own. He suggested using money Democrats would like to see spent on continuing $600 unemployment insurance plus-ups be spent instead on offering rehiring bonuses.

    "That's what I'm proposing. Back to work bonus to get people back to work when they can get their health care, get their retirement, get other benefits that most people want, people want to go back to work," Portman said. "We shouldn't be creating incentives [to not work] and that's what the House bill does."

    At her weekly news conference on Wednesday, Pelosi said she had not been approached by the administration or the Republican Senate leadership about negotiating a next bill.

    "I think public opinion will be very much our friend in all of this," Pelosi told reporters.

    Senate Majority Leader Mitch McConnell, R-Ky., indicated Tuesday that he's in no hurry to take it up.

    “We still believe, with regard to the coronavirus, we need to assess what we've already done, take a look at what worked and what didn't. And we'll discuss the way forward in the next couple of weeks,” McConnell said Tuesday.

    Missouri Sen. Roy Blunt, chairman of the Republican Policy Committee, signaled movement on future legislation in the Senate is far from imminent,

    “I do think we will move on a Phase 4 before the August break, would be my guess. And it’s more intuitive than informed,” Blunt told reporters Wednesday.

    “I think it’s reasonable for us not to yet have a sense of what either the fight against the virus or the fight for the economy is going to look like in August and September, which is really the period that whatever we do now should be focused on,” he added.

    Blunt also said there are sticking points among Republicans surrounding topics like infrastructure — something that President Donald Trump wants but McConnell has indicated he can do without.

    On his way out of the Capitol, Majority Whip John Thune, R-S.D., echoed Blunt. “I know there’s sort of the sense to do something but the question is what is that something?" he said. "There’s not a broad agreement on that yet, we got big differences of opinion within the conference.”
     
  19. Astrodome

    Astrodome Member
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    Nancy's bill is trash. The politicians should compromise.
     
  20. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    what major part of the house bill is trash? I haven’t read the whole thing. News seems to cherry pick bits and pieces.

    we definitely need something.
     
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