Rarely do massive government interventions of this sort ever do any long term good.
How did this piece of crap go from $3Billion to $8Billion to $300Billion, toe $1 Trillion to $2Trillion?
This is the STUPIDEST think Trump has let happen on his watch.
He should NOT have signed it, he should have redlined everything in it that was NOT virus related and held it up for the cameras to see.
Then said “Strip all this pork out and send it back to me.”
That was the phrase that is killing businesses. Many lower paid people are walking out of their jobs thinking they not only get unemployment insurance for 10 months but also an additional $2,400 a month ($600/week) to go with it. They literally make more on unemployment than if they worked.
Write legislation quickly and stuff like this happens.
When emotion and not facts are the main ingredient, this happens.
“Let’s rush this krap thru and then we can read it to see what’s in it.”
Freepers knew this was in there and so did every member of congress who voted for it.
A month ago I would have said it was insane if someone said Trump is the “worst president ever”. Now I am not so sure after this socialist, free market crushing piece of crap that essentially will change American structure forever. He just endorsed everything Democrats stand for. How can you put the genie back in the bottle now? They will say, “If it is good once, why not always?” and win again and again with that message.
an extra 600 bucks for four weeks ? Give me a break.
chump change
There was no good reason to shut the country down if you look at the map. This will be an end to the economy and the sheeple will gladly accept socialism in the fall. I plan on closing the business and practicing society distancing. Get as far away from this crap as possible.
We all knew it was in there, the Senate was suppose to fixit before passage
That was no “drafting error.” It was very deliberate.
Intentional by the Dems to keep unemployment high for as long as possible
I am of the mind that there truly is little difference between a R and a D in Washington. Whenever there is a bill in a crisis, such as this or a hurricane, instead of just funding the “emergency”, there always is other crap thrown in that is frivolous. Always.
One of my employees already received a call fro ma friend of his, suggesting he should boost his income by going on employment.
In principle, I agree that this was stupid. In practice, we are going to be a long time in recovering from this. All the Freepers who signed onto this hysteria now need to grapple with the cost. Will the long term weakening of our economy and the surrender of freedom been worth the lives saved? Does it stop here? How many other prog dreams will we help fulfill based on “it saves lives”?
The WW2 analogy is deeply flawed. In that war 415,000 mostly young men were sacrificed to preserve our freedom and the freedoms of our allies. In this war, we are sacrificing our freedom to save lives. At least that is that we are being told.
Nonsense. In most states after taxes, the added 600 will be CLOSE to what the previous job paid. Add to that, it’s temporary.
If the question is does unemployment being equal to employment income disincentivize reemployment? The answer might be yes in some cases. This is exactly what many in congress seem to be suggesting. Linsey Graham saying as much while calling out for someone to write the necessary code.
So, as is, worse case is this 600 might delay some rejoining the work force around the time things are assumed to be getting back to normal. Personally, I think smart people realize the good jobs will be snapped up early. You want to squeeze every last unemployment dollar you’ll end up working the drive thru.