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"Bij saving lives, we save the economy."

The coronavirus threat to economy -- 'Shut it down now' | CNBC |



'Sapere aude'
by Oui (Oui) on Wed Mar 18th, 2020 at 06:56:20 PM EST
now, Why would the press want to remind Americans about MBS bubble bursting and "Recovery.gov"?
by Cat on Wed Mar 18th, 2020 at 08:37:26 PM EST
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Senate passes coronavirus package as Treasury proposes rescue with emergency checks
$500B total proposed. Inexplicable social media comparisons to the gift of Universal Basic Income (UBI). Kamala?! crawling out of crypt with LIFT promo.

Which coincides with me reminiscing, reviewing Bush (2001, dotcom 9/11) and Obama (2009) "stim-pack" dramas. One (R), one (D) combo tax cuts and accelerated tax "rebates": money earned and exclued from US Treasury collections. tbh, unembloyment insurance benefit extension over two years is what kept The Economy afloat.

I had seen a tweet by an obscure "policy analyst" wondering how homeless and "unbanked" persons could get checks. Simple answer: They won't. Unless miracle. Typically, they are excluded from these middle-class sops, for one reason: INSUFFICIENT employment/quarter and tax filing. More pathetic, SSA programmatic benefit distribution was not mentioned once by an earnest "solutions" correspondent.

by Cat on Wed Mar 18th, 2020 at 09:04:25 PM EST
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Democrats balk at $1,200 rebate checks in stimulus plan
People who pay little to nothing in income taxes but earned at least $2,500 would get a minimum rebate of $600.
Each "check" amounts to ~ 10% advance of total standard deduction from taxable income, ergo min refund of tax withheld 2019; joint and head of household filers less % than individuals. In any event, unemployment insurance (UI) benefit payments are taxed as earned income, as is the custom.

< yawn >

To conclude, 2/3 of social media policy poseurs were in elementary school (2001), 1/3 in middle-school (2009). The "poors" treading US informal economy can expect zip, zero, nada, 0 windfall.

by Cat on Sat Mar 21st, 2020 at 02:24:24 AM EST
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'Sapere aude'
by Oui (Oui) on Sun Mar 22nd, 2020 at 01:24:57 PM EST
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George Soros betting against the British £££, investing in Argentinian bonds by Paul Singer or the silver exploits by the Hunt Bros. Or even John McCaine and the Keating Five home mortgages scandal. Making some VERY BIG BUCKS ... someone else is paying the price. Capitalism in its purest form. How the CoV-2 [C stands for Communist of course] virus is conquering America, traveling via Western Europe ...



'Sapere aude'
by Oui (Oui) on Sun Mar 22nd, 2020 at 01:36:27 PM EST
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