Is that D.B. Cooper? Money, trees...
Posted on 03/17/2020 11:07:58 AM PDT by Red Badger
Key Points
Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus crisis.
The latest daily briefing came as stocks struggled to recover from one of the worst trading sessions ever.
Markets have shed trillions of dollars amid the coronavirus spread, which has crippled major industries and forced governments around the world to take drastic steps to try to slow the spread of the disease.
====================================================================
Treasury Secretary Steven Mnuchin said Tuesday that the Trump administration wants to get emergency funds in Americans’ pockets “immediately” amid the coronavirus crisis.
“Americans need cash now,” Mnuchin said during a White House press briefing on the administration’s latest efforts to combat the disease. “I mean now in the next two weeks.”
“The president has instructed me that we have to do this now,” Mnuchin added.
The latest daily briefing came as stocks struggled to recover from one of the worst trading sessions ever a day earlier.
Markets have shed trillions of dollars amid the coronavirus spread, which has crippled major industries and forced governments around the world to take drastic steps to try to slow transmission of the disease. States and cities have taken sweeping measures to reduce social interaction, including limiting restaurants to delivery and takeout services. Other businesses have had to lay off and furlough employees.
Mnuchin said that an idea of the administration’s plan will come into focus by “the end of the day” Tuesday.
He added that the U.S. is unlikely to send checks to millionaires.
“I think it’s clear, We don’t need to send people who make a million dollars a year checks,” Mnuchin said. “I think we’re going to do something that gets money to them as quickly as possible. That may not be an accurate way of doing it. Some people obviously shouldn’t be getting a check for $1,000 but we’ll have an idea at the end of the day of what we will be doing.”
President Donald Trump said in Monday’s briefing that the U.S. may be able to get the new coronavirus outbreak under control by July or August at the earliest. Equities tanked as Trump delivered those remarks.
But major indexes rose during the coronavirus task force’s briefing Tuesday, as Trump and his officials signaled that the administration was mobilizing a major economic response that would go into effect soon.
“We’re going big,” Trump said at the presser. “We want to go big, go solid.”
“We don’t want airlines going out of business. We don’t people losing their jobs,” the president said.
More than 183,000 people have contracted the COVID-19 virus and at least 7,167 have died, according to Johns Hopkins University. In the U.S., more than 5,000 people have caught the coronavirus and at least 85 people have died, according to Johns Hopkins.
Other U.S. politicians have already suggested sending checks to Americans as part of an economic relief package. Sen. Mitt Romney, R-Utah, on Monday floated a proposal to give $1,000 to every American to ease the pain caused by the virus.
Meanwhile, lawmakers on Capitol Hill are working to push through more emergency spending plans to respond to the virus. Trump signed an $8.3 billion funding package earlier in March, and a second bill is currently working its way through Congress.
Senate Minority Leader Chuck Schumer’s office said Monday that he will put forth a third proposal with at least $750 billion in spending to combat the coronavirus pandemic.
-- CNBC’s Christina Wilkie contributed to this report.
They could really fix things if they send everyone their own printing press.
Sometimes you know what someone is thinking by what they do.
If the government things we are in a position where they need to give us money in that fashion, things are much, MUCH worse than they are letting on, economically.
i.e. It’s time to get non-perishable foods from the grocery store while they are there to get.
The virus is not the problem. It is the world’s response to it. We have nothing to fear, but fear itself. And it looks like we have a great deal to fear.
But, I have so many more uses for real TP. These greenish sheets aren’t very useful for much. I used to be able to trade them for all kinds of things, but those things don’t seem to be available much currently.
On the other hand, once this episode is over, millions of teens will be eyeballing stockpiles of TP in their parents homes. Wonder what they’ll do with all that excess product...
Speaking as an old guy on SS, how about just reverting to when SS was NOT taxed, so oldsters can get some benefit that makes sense instead of just $1k in a giveaway?
Real TP will be a fungible asset.............................
Yes!
That and bring back the Interest on savings deduction. Used to be $600 before taxes kicked in (Mid 80’s). It should be twice that now...............
LOL!
My bank account is open. I’ve paid so much in taxes the past 50 years that I have NO problem if they want to give some back.
Wow, no kidding. Interesting.
I want my life, my rights and my freedoms back. Extra money isn’t going to do that. And if you’re dead, you can’t spend it anyway.
Same here. And I’ll be sending them a check for around $10k on April 15th on top of what we’ve paid all year. So if they want to send me and Hubby $2k they need to get on it.
You met Jack Chick? What was he like?
[They can just send it to me, and I’ll be happy to distribute it.]
I could wash it and disinfect it. Is that laundering money?
Well, I’d need to keep 10%. Just a basic service fee.
Oh and another 10-15% to ship it back.
Let’s just call it a 25% service fee.
That’s how I look at it.
However many people will start griping and being petty, about how unfair it is that somebody got a “government check”.
I love free stuff, including money.
Cool. I only saw 3 episodes. Ever.
The one where Gus(?) gets blown up by the guy in the wheelchair. Wow, what an episode.
The next one, where he was buying the Cadillac(?) at the end.
The last one was the finale. With the Cadillac. Also, wow.
Spanky needed money and Called CASH USA!
Do ya’ll have Title Max where you live?...................
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.