Posted on 03/26/2020 6:06:43 AM PDT by Yo-Yo
"It's going to open up like a rocket ship," Trump said of the post-shutdown economy. "I think it's going to go very good and very quickly."
President Trump on Wednesday touted the unprecedented size of the pending $2.2 trillion federal coronavirus stimulus bill but said if it's not sufficient to lift the economy from a recession, additional stimulus might be required.
"If we have to go back, we have to go back," Trump said during the daily White House coronavirus task force briefing.
The stimulus bill would offer a check for an average of $3,000 for a family of four and give 100 percent of workers' salary for up to four full months, at no cost employers, Trump said.
The president also said that unlike typical unemployment insurance, the stimulus bill would also include salary support for independent contractors and self-employed people.
"That's a tremendous thing because a lot of this money goes to jobs, jobs, jobs and families, families, families," Trump said.
Treasury Secretary Steve Mnuchin said during the briefing that he expected the stimulus bill would support the economy for about three months.
"It's going to open up like a rocket ship," said Trump, predicting how the post-shutdown economy will be. "I think it's going to go very good and very quickly."
The stimulus bill also includes funding for millions of ventilators, face masks and other medical equipment, and vaccine research funding. In addition, the bill includes support for corporations. Trump said he support the bill's ban on corporate stock buybacks and limits on executive compensation.
A defiant President Trump said during the Tuesday task force briefing that the coronavirus outbreak proved his policy arguments on immigration, trade, foreign policy and manufacturing. The president also said that the country will remain in an economic shutdown beyond the 15-day period of nationwide “social distancing” to prevent the spread of coronavirus.
“We’ll stay a little bit longer than that,” Trump said during a Fox News virtual town hall with other members of the White House coronavirus task force. “I would love to have it open by Easter.”
However, Americans should focus not on predicting an end date for the coronavirus pandemic, but on aggressively containing the outbreak now, the nation’s top military medical official said Wednesday.
“Worry about today,” said Air Force Brig. Gen. (Dr.) Paul Friedrichs, Joint Staff Surgeon for the Joint Chiefs of Staff, at a Pentagon briefing. “If we stop doing the right thing today based on what we think will happen in a few weeks,” the outbreak will not subside, he warned.
The Pentagon will set up a “Mythbusters” web page to debunk false stories about military takeovers during the COVID-19 pandemic, Defense Secretary Mark Esper said Tuesday.
The full text of the final $2 trillion coronavirus-related stimulus plan hasn't been publicly released, but Senate Majority Leader Mitch McConnell says the GOP-led Senate will still vote Wednesday on the legislation.
The Senate did pass the legislation on a voice vote 96-0 (there were NOT 96 Senators in the chamber,) and the text has been released: https://apps.npr.org/documents/document.html?id=6819239-FINAL-FINAL-CARES-ACT
If $2.2 Trillion isn't enough, then why is there $75 million for the Corporation for Public Broadcasting, $25 million to the Kennedy Center, and a bunch of other non-Chinese Virus related spending?
Porkulus 2 is too small?
Insanity
There’s a lot of that going around these days. I’d say it’s a pandemic!
$10 trillion here we come.
The word ‘bi-partisan’ means some larger-than-usual deception is being carried out. - George Carlin
Seems fatalistic. We don’t have trillions of dollars, but what the heck, we’ll spend it anyway. Scary.
Get out of cash, get into hard assets. Dollar will lose value fast.
Why the hell do we have a Senate majority if they are going to be held hostage by the House and then vote for what the DUmocrats want anyway? BILLIONS in waste, same-day voter registration for illegals, medical coverage for tampons. That’s NOT negotiation!
To give 60 million unemployed people $500/week each for 10 weeks would come to $300 billion.
Pelosi and Schumer aren’t the only math ignorant individuals in DC.
Someone said the cure shouldn’t be worse than the disease.
It’s done. No use complaining about it now! The Best and the Brightest don’t run for political office. Who can blame them! Instead, we get the worst and the dumbest to represent us in local, state and federal government. Hardly any of them are honest people who will put the interests of their constituents ahead of their own, and we know almost all of them can be bought off by special interests quite easily!
Those who can, do.
Those who can’t, teach.
Those who can’t teach, become politicians.
Yup. It explains why such mental “giants” like Plastic Face Pelosi, AOC and Schmucky Schumer are politicians.
He’s becoming Roosevelt and the new deal.
We’ve already spent $7 trillion on our Middle East wars - IRQ, Afghanistan, Libya, Syria. I guess I wasn’t paying attention when my fellow conservative we’re protesting over these costs, because I don’t remember it
I think by then end we’ll see 10 trillion spent on this virus. We’re up to close to five already with the 3. Good news is the senate is on recess until April 20 so maybe by then everything will be somewhat back to normal.
"So that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name"
“Spend all you want, we’ll make more.”
I heard that stuff was taken out of the bill.
"The president also said that...the stimulus bill would also include salary support for independent contractors and self-employed people.
"'That's a tremendous thing because a lot of this money goes to jobs, jobs, jobs and families, families, families,'" Trump said.
"Treasury Secretary Steve Mnuchin said during the briefing that he expected the stimulus bill would support the economy for about three months."
"'It's going to open up like a rocket ship,' said Trump, predicting how the post-shutdown economy will be. 'I think it's going to go very good and very quickly.'"
This is excellent. It is exactly what we need.
The Trump Economy, booming since his election in 2016, provided the enormous funds to make this economic cushion possible.
Had the economy not boomed to unprecedented heights under President Trump's expert leadership, this would not have been possible.
One shudders to think what condition the USA would be in today had Trump not been President!
Imagine huge numbers of suddenly impoverished and desperate people! Imagine the civil unrest!
Imagine the powder keg we would all be sitting on!
Imagine how unscrupulous politicians and their henchpersons would have exploited the situation!
Imagine the danger presented by ambitious and corrupt politicians and bureaucrats, determined to seize control of the USA with its vast wealth and power!
Imagine the danger the USA and the American People would be in right now!
Trump has done a magnificent job of leading America through this crisis.
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