Statements & Releases
On Friday, March 27, 2020, the President signed into law:
H.R. 748, the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act,” which provides emergency assistance and health care response for individuals, families and businesses affected by the COVID-19 pandemic, and provide emergency appropriations to support Executive Branch agency operations during the COVID-19 pandemic.
Imagine if you would, running for re-election as President, and getting the Congress to give you the biggest economic stimulus in human history, and the Fed giving you Zero percent interest rates.
President Trump just pulled that off.
By November, the economy will be roaring like a raging bull on steroids, and border wall will be going up like the race to build the trans-continental railroad.
So much winning.
If you're going to blame somebody, blame Paul Ryan for losing the House and we know since the Dems hold the House we need to negotiate and get the best out of the deal.
Like a Boss!
Interesting provision here - the Federal Reserve can, if it chooses, avoid the legal requirement to publish its minutes until the National Emergency is over. Basically they can print, spend money, and bailout literally anything, and not have to say a word.
Lets see if I have this correct...
2 trillion bucks is earmarked to
Help keep large businesses afloat
Help for small businesses to make payroll(s).
Help for staes to boost the unemployment funds.
WHO needs the ‘bonus’ checks as presented?
Schools are feeding the ‘children’
Those that HAVE to work are getting some free child care.
Those that HAVE to work are receiving pay checks.
Small businesses are given payroll money.
PDJT (was going to??) says Corps can’t buy their own stocks BUT are they able to take the ‘new money’ and give themselves bonuses?
Definitely reeks of creative bookkeeping....