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The Trump Economy


GG

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3 hours ago, Deranged Rhino said:

 

Of those things, most I never said/authored or pushed. 

 

But you're a liar as your record proves, so this isn't a surprise. Lying asshats gonna prove themselves to be lying asshats. Especially in times like these. 

Call that dumbass by his given name.  Popgun.

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5 hours ago, TH3 said:

 

Fortunately....The White House financial team has taken advantage of the recent good times and have put the Federal Balance Sheet in good order to have enough ammunition to deal the news on hand....

     You're smokin some real good stuff there.?

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11 hours ago, Doc said:

Man, Obama's economy really sucks!

 

Nah, Trump ruined Obama's recovery for reasons. Once the downturn reverses itself, Obama can continue to receive the deserved credit for his 11th Summer of Recovery! PRAISE BE OBAMA!

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1 hour ago, Koko78 said:

 

Nah, Trump ruined Obama's recovery for reasons. Once the downturn reverses itself, Obama can continue to receive the deserved credit for his 11th Summer of Recovery! PRAISE BE OBAMA!

 

….President Incandescent will always be known as the "bright light in US history"...…………..

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1 hour ago, Buffalo_Gal said:

I'm not certain how much more the Feds can do than what they came out with today.

  Anything more would most likely be irresponsible until we can survey the landscape in 90 days to see how various industries are weathering this.

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9 minutes ago, Foxx said:

Trump seeks stimulus package potentially worth more than $1 trillion, including direct payments to Americans

 

if it happens, better main street this time than wall street. although, i'm sure they will not go without either.

  Money is going to have to go to main street whether people like the idea or not.  Quite a bit will have to go in the form of forgivable loans or grants.  Too many small businesses will lack the ability to repay on what would be equal to 30-60 days of lost revenue or worse.  Too many small businesses operate on paper thin margins any given year.  I honestly don't know how landscapers and pizza shop owners make any kind of living if they have to support 4 or more in the household.

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1 minute ago, RochesterRob said:

  Money is going to have to go to main street whether people like the idea or not.  Quite a bit will have to go in the form of forgivable loans or grants.  Too many small businesses will lack the ability to repay on what would be equal to 30-60 days of lost revenue or worse.  Too many small businesses operate on paper thin margins any given year.  I honestly don't know how landscapers and pizza shop owners make any kind of living if they have to support 4 or more in the household.

if they are serious about helping main street, it will come in the form of checks mailed directly to them. tax relief does no good, right now.  

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9 minutes ago, Foxx said:

if they are serious about helping main street, it will come in the form of checks mailed directly to them. tax relief does no good, right now.  

 

Tax relief comes in the immediate 8% pay "raise" from canceling the withholding of the payroll tax.   There will be a different package to help the suddenly unemployed.

Edited by GG
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57 minutes ago, GG said:

 

Tax relief comes in the immediate 8% pay "raise" from canceling the withholding of the payroll tax.   There will be a different package to help the suddenly unemployed.

Thank you. There still are state run unemployment benefits. 

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...now there's a real shocker.......

 

Pressley, Warren say next coronavirus spending package should include student debt cancellation

By Louis Casiano | Fox News

 

Some Democratic lawmakers are calling for student debt cancellation to be included in the next coronavirus relief package as Washington debates how to provide economic assistance to businesses and workers impacted by the pandemic.

Rep. Ayanna Pressley and Sen. Elizabeth Warren, both of Massachusetts, called for congressional leaders to prioritize the issue, which impacts millions of Americans.

“Student loan cancellation has to be part of the next emergency funding package. @SenWarren & I are calling on Senate & House leadership to prioritize this,” Pressley, who served as a co-chair for Warren’s now-defunct presidential campaign, tweeted Tuesday.

 

https://www.foxnews.com/politics/pressley-warren-say-next-coronavirus-spending-package-should-include-student-debt-cancellation

 

 

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6 minutes ago, Nanker said:

Thank you. There still are state run unemployment benefits. 

  What does somebody do if they are still considered employed but they have zero hours worked for the next few weeks?  In other words they have not been fired or terminated.

5 minutes ago, OldTimeAFLGuy said:

...now there's a real shocker.......

 

Pressley, Warren say next coronavirus spending package should include student debt cancellation

By Louis Casiano | Fox News

 

Some Democratic lawmakers are calling for student debt cancellation to be included in the next coronavirus relief package as Washington debates how to provide economic assistance to businesses and workers impacted by the pandemic.

Rep. Ayanna Pressley and Sen. Elizabeth Warren, both of Massachusetts, called for congressional leaders to prioritize the issue, which impacts millions of Americans.

“Student loan cancellation has to be part of the next emergency funding package. @SenWarren & I are calling on Senate & House leadership to prioritize this,” Pressley, who served as a co-chair for Warren’s now-defunct presidential campaign, tweeted Tuesday.

 

https://www.foxnews.com/politics/pressley-warren-say-next-coronavirus-spending-package-should-include-student-debt-cancellation

 

 

  Hopefully, this will end any talk of Warren being a possible VP choice.

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12 minutes ago, RochesterRob said:

  What does somebody do if they are still considered employed but they have zero hours worked for the next few weeks?  In other words they have not been fired or terminated.

  Hopefully, this will end any talk of Warren being a possible VP choice.

It’s called temporary lay-off. It’s been around for years. 

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13 minutes ago, RochesterRob said:

  What does somebody do if they are still considered employed but they have zero hours worked for the next few weeks?  In other words they have not been fired or terminated.

  Hopefully, this will end any talk of Warren being a possible VP choice.

One would think it would be treated as if that person was laid off. 

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15 minutes ago, RochesterRob said:

  What does somebody do if they are still considered employed but they have zero hours worked for the next few weeks?  In other words they have not been fired or terminated.

  Hopefully, this will end any talk of Warren being a possible VP choice.

 

...ignorance is bliss....yet another fine Massachusetts gem.......you graduated and started your loan payback in 2019....how the hell is that relevant to coronavirus now?.....if the creditors want to suspend payments for 90 days with no interest, let THEM handle it.....we need a LizzieVaccine STAT..........

5 minutes ago, Nanker said:

It’s called temporary lay-off. It’s been around for years. 

 

 

...key provision is "lack of work".......upcoming legislation allows states to relax their requirements.....Big Fredo eliminated the 7 day wait period here in NYS and the website crashed last night....so now you can go get in line and forget social distancing.....

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3 minutes ago, OldTimeAFLGuy said:

 

...ignorance is bliss....yet another fine Massachusetts gem.......you graduated and started your loan payback in 2019....how the hell is that relevant to coronavirus now?.....if the creditors want to suspend payments for 90 days with no interest, let THEM handle it.....we need a LizzieVaccine STAT..........

  The dingbat is talking about (complete) cancellation.  There is no connection to Coronavirus.  

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Treasury Secretary warns US could see 20% unemployment rate due to coronavirus, source says

 

Mnuchin's comments came as he urged Republican senators to act on economic stimulus measures totaling $1 trillion designed to avert that kind of worst case scenario.

 

In the same meeting, Mnuchin also said he is concerned the economic ramifications of the coronavirus pandemic could be worse than the 2008 financial crisis, the source said.

 

Mnuchin's comments, which were first reported by Bloomberg News, come amid a rising sense of urgency at the White House and on Capitol Hill to confront the increasingly serious threat of the coronavirus pandemic — on both the public health and economic fronts.

 

https://www.cnn.com/world/live-news/coronavirus-outbreak-03-17-20-intl-hnk/h_2385aa5c7b037af0483c4bb31ee6b735

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14 hours ago, GG said:

 

Tax relief comes in the immediate 8% pay "raise" from canceling the withholding of the payroll tax.   There will be a different package to help the suddenly unemployed.

 

8% pay raise for those still working in good paying jobs is wrong. Have unemployment benefits for low income workers who don't otherwise qualify . Do not give Trump bucks to families still having a income that is livable.

 

The budget deficit during a prosperous time is way too high. The deficit during this emergency will be off the charts serious.

 

The well to do were given a big tax cut by Trump , now is the time to help the working poor who are now unemployed by this pandemic. Walmart and Amazon have 100,000 temp jobs each open in this crisis  so that will help.

 

I do respect  the economic expertise  of GG  100% ,  my opinion is just that

Edited by ALF
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14 hours ago, OldTimeAFLGuy said:

 

...EXACTLY my point....you just cannot manufacture THAT type of stupid........

We've already discussed her origins to the 2024th degree. Papooses are made the same way as little cowboys. Geesh.

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4 minutes ago, ALF said:

Anyone watching the long interview  on CNBC  with Bill Ackman  CEO Pershing Square Capital are in shock. I would not even repeat his dire prediction.

 

He was pretty apocalyptic.   In fairness, people like that should bare open their full investment positions if they are going on airwaves to propose solutions.

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23 minutes ago, ALF said:

Anyone watching the long interview  on CNBC  with Bill Ackman  CEO Pershing Square Capital are in shock. I would not even repeat his dire prediction.

  For the sake of discussion give us an idea.  It's not like a couple of people on an obscure message board are going to end civilization as we know it.

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