Posted on 03/22/2020 8:23:05 PM PDT by bobsunshine
Yes—— I think that Trump, Mnuchin and McConnell (remember, FT. Know is in KY, and he and Mnuchin visited there to inspect the gold reserve, and both told us it was all there-honest!)
think that all 3 cooked up this beautiful rope-a-dope goading the “don’t give a damn, ruin the economy and don’t care about deaths, and don’t allow any taxable stipend” demonrats.... into proposing things having nothing to do with the virus-— but, importantly denied a certain segment of America their “recovery money from Trump”.... Democrats said.... NO! Trump gotcha!
Save that as a screen shot-— it is going to very shortly be quite useful. Already Biden is trying to game what Pelosi and Schumer set up against his chances-— and he’s saying we should not have denied American workers help that was on the way!!!! Yess!! Trump playing the “know it will be rejected” pretend Bernie.... gets the dope to trash the democrats whose support he needs. What a setup.
Democrats block McConnell from holding Monday morning vote on coronavirus bill
Is The Conservative Treehouse trustable? I have my doubts.
Corrections, insights welcome.
Remember in November!
MAGA, also KAGA! (Keep America Great Always!)
Supporting PDJT with a new patriot Congress that will promise to fully support his already excellent work for MAGA will effectively give fast-working Trump a third term in office imo.
It IS the realization of what AOC and the gang,and... De Blasio were yelling for... Nationalize all major corporations-— so we can become overnight- Venezueala! Yeah baby-— that’s a ticket to run on. Hard for sloe Joe to argue he’s a capitalist against the super Bernies,and the fool Pelousi.
As if there was ever a doubt about the actions of the socialist/communist/democrat party. There was no way in hell they were giving President Trump a victory in the war we are waging.
CTH has been pretty darned good with info and commentary about a lot of stuff. Very good source for Supreme Court case discussion/decisions also. I like it, though some of the legalese is way over my HS educated head.
Isn’t there SOME WAY to get pelousy and upchucky tossed into Jail and/or removed from office/control ???
“DOW Futures Collapse…” is not what I wanted to read before bedtime.
This seems to give some straight forward info on the bill
https://taxfoundation.org/cares-act-senate-coronavirus-bill-economic-relief-plan/
And the link to the bill
https://www.congress.gov/bill/116th-congress/senate-bill/3548
The presidential coup attempts continue.
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Exactly. And if the DemocRATS destroy America in the process...they’ll shed no tears as long as they can rule over the ruins.
lol...I know your not!...but you should be....
2 sides to every story......
Example 1: “I don't need the money.”
Example 2: “ There's no need for this ridiculous cash back to workers.
(I get it though...its all about YOU..../s )
Some other changes
1. This Division also establishes a series of grants available for entrepreneurial development programs, and it empowers the Minority Business Development Agency to provide financial assistance to qualifying small businesses disrupted by COVID-19.
This Division directly appropriates $299.4 billion for the fiscal year ending September 30, 2020, to remain available until September 30, 2021, for the provision of these 7(a) loans, and $265 million for entrepreneurial development programs. Also appropriated is $300 million for the administration of the Small Business Act and $25 million for the Office of the Inspector General (OIG) in connection with overseeing this administration. A final $10 million is appropriated for minority business centers of the Minority Business Development Agency.
2. The remaining $425 billion, and any funds not used in the categories above, would become available to the Secretary to make loans and other investments in the support of programs established by the Board of Governors of the Federal Reserve System that support lending to eligible businesses, states, or municipalities (section B4 loans). This does not, however, appear to expand the powers available to the Federal Reserve to establish these programs. Recipients of a B4 loan must also undertake not to participate in any stock buy-backs while the loan or loan guarantee is outstanding. In addition, any requirement that B4 borrowers maintain employment levels is however curiously missing. Finally, B4 loans within this category expressly cannot be reduced by any loan forgiveness as is typical of loans of the kind.
The bill would also require that recipients of these loans be identified within six months of loan assistance.
3. What is not entirely clear for the $425 billion pool of capital available to struggling businesses that represent loans in category B4 is the interaction between the Federal Reserve and the Treasury Secretary, who can authorize the required loans and investments, but only to advance the interests of Federal Reserve liquidity programs. Given that almost half a trillion dollars is involved, it seems likely that the bill’s authors are seeking to ensure that the Treasury and the Federal Reserve work in tandem for the disbursement of these funds. Perhaps the intent is that Treasury design loan programs for affected businesses, states, and municipalities, and the loans are then bought by the Federal Reserve via its 13(3) programs. The result is that businesses receive substantial relief on loans where the risk ends up being borne entirely by the Federal Reserve, which Treasury has the funds to finance if needed.
Short sellers are very happy
Despite arguments otherwise, let’s be real here: the Dems care more about destroying Trump more than aiding the American people.
The real question here to me is this: Will the Dems be held accountable for their actions over the past 3 years and now with Covid 19 pandemic?
So the Fed and the Democrats are responsible for the collapse of the American economy.
ALL DEMOCRATS ARE VILE, EVIL, VICIOUS, LYING DESTROYERS OF GOOD THINGS AND PEOPLE!!
Why isn’t PDJT calling them out live on this...it is all over abortion funding. He needs to expose the now.
Thanks for the links.
The only problem is that the unemployment systems throughout the different states are employer funded and not designed to handle the volume of claims due to a national emergency. In addition, those locked down or quarantined because of exposure or confirmed case of Coronavirus likely would not be eligible for regular unemployment insurance benefits as they would not be able, available, or actively seeking work. Benefits payable under the situation would most likely have to be under the disaster (DUA) emergency declaration
this ‘money’ does not actually exist.
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