It bailouts some fiscally irresponsible states. Forgives $10K federally funded student loan debts (My wife would enjoy that but not because od covid) Illegal immigrants get stimulus checks Orders felons released from prison Rewrites immigration laws Expands obama care I am not saying I am against these things occurring but I dont think some of this has anything to do with the coronavirus.
Nothing the trump admin does should surprise anyone... https://www.politico.com/newsletter...-ready-to-deal-on-new-economic-package-788431 Gee, and the republican senate made such a fuss about how necessary transparency was... https://www.washingtonpost.com/busi...6f8f36-803b-11ea-84c2-0792d8591911_story.html
https://www.theatlantic.com/ideas/archive/2020/04/were-replicating-mistakes-2008/609586/ tldr- Party like it's 2007 because everyone is getting money from the sky. Republican ****wits are gonna gum up the system again because regulation bad for their master's deep pockets.... In still another echo of 2008, regulators spent the period before this crisis easing up on the reforms implemented after the last crisis. Led by Randal Quarles, a Trump appointee on the Federal Reserve Board, regulators loosened numerous bank rules in the past couple of years. They also allowed banks and financial players to load up vulnerable companies with risky debt. (In recent weeks, amid capital-market wobbles, bank regulators have eased a variety of regulations even more.) Relaxing financial regulations in the past few years did not cause this economic crisis. And so far, large American banks are not suffering nearly as badly as they did in 2008. But these rollbacks could make the system more vulnerable in the coming months than it should be. Trump regulators “seemed to have an almost willful ignorance about the causes of the last crisis that will make the situation we are in that much more precarious,” said one person involved in the reform efforts and who fought the rollbacks. “The crisis in the markets is just beginning and [the easing of the regulations] will exacerbate the economic pain we are feeling as a result of the coronavirus.” The design of the rescue package has left those who watched and studied 2008 deeply frustrated. “I do not have a good explanation of how we continue to fumble this. I was thinking when this started, ‘At least we have 2008 to guide us to not make the same mistakes,’” said a Hill staffer familiar with the CARES Act. “This will paper over bank balance-sheet problems, help tech valuations and boost leveraged loans. In three months, I think the stock market will look good. But the vast majority of workers will be worse off. The law will amplify inequality and the power of large corporations over labor and the workforce, and they won’t be able to recover for a generation.” This one is a couple months old. Atlantic dropped an article on Collateralized Loan Obligations and it's not pretty.
It wasn't just trump and mnuchin that lied when they promised full transparency about the billions of tax payer money going to bail out businesses... probably because they all know that moneys went to big businesses and left small business to fend for themselves... Rubio vowed to make PPP loans public. Now he asks if they are trade secrets https://www.miamiherald.com/news/politics-government/article243493196.html
And now we know the *real* reason why trump's admin is keeping the PPP bailouts given to businesses private, breaking a promise of transparency. Members of Congress took small-business loans — and the full extent is unknown Some GOP lawmakers who benefited from the Paycheck Protection Program also opposed legislation requiring lending transparency. https://www.politico.com/news/2020/06/16/congress-small-business-loan-320625
Yes...... because we need more home schooling, because that works so well. When racist, false and dangerous teachings are scorned and not allowed in formal schooling, lets funnel people holding these beliefs into home schooling so that they can teach them behind closed doors and spread the ignorance.
I'm not a fan of it, but in the time of Corona I think it could have some merit (just not sure how much). I'd at least extend the lousy $250 deduction to those that home school.
Pretty stupid of them. They should of provided the additional UI benefits extension at $600 if they were not going to include the stimulus check. I never supported the stimulus checks, which is why this doesn't bother me, but don't think $300 will be enough to prevent those that will not be working for the next few months from losing their belongings, being out on the street, choosing between health and food, etc etc. Have Republicans been paying attention to all the massive layoffs that are planned in the next couple of months?
Reading up about it, their goal is to basically throw something out there they know won't get passed by Dems, but should be enough to get all 51 Republican Senators to support. In their minds, they will be able to shift the blame to Dems at that point for not getting something done. Of course,they aren't sure if all 51 Senators will actually approve of the new bill. https://thehill.com/homenews/senate/515503-senate-gop-unveils-slimmed-down-coronavirus-relief-bill
I'm guessing it's just a starting point...they can still amend the bill and add things like the stimulus checks to it. Neither side wants to give the other one credit for anything. It's sad really...but at least the corporation got their bailouts!
Yep, just a tactic they are using since they are so close to elections. Democrats will always be able to say, we had our bill ready in May 2020 and you guys were not willing to negotiate until the end of July, please explain to the American people why you sat on our bill for 2 months and did not even attempt to negotiate another bill with us until 1 week before the expiration of UI benefits.
It’s ****ing infuriating. Until the pandemic in the United States is controlled, jobs aren’t coming back, no matter what the unemployment numbers say. Yet, the idiots in Congress are too worried about playing politics to figure out a way to put money in the average American’s hand to help them deal with our current financial reality. Every single one of them needs to be voted out.
