Posted on 11/22/2020 5:59:21 PM PST by where's_the_Outrage?
WASHINGTON — Advisers to President-elect Joseph R. Biden Jr. are planning for the increasing likelihood that the United States economy is headed for a “double-dip” recession early next year. They are pushing for Democratic leaders in Congress to reach a quick stimulus deal with Senate Republicans, even if it falls short of the larger package Democrats have been seeking, according to people familiar with the discussions.
Until now, Mr. Biden, Speaker Nancy Pelosi of California and Senator Chuck Schumer of New York, the Democratic leader, have insisted that Republicans agree to a spending bill of $2 trillion or more, while Senator Mitch McConnell of Kentucky, the majority leader, wants a much smaller package. The resulting impasse has threatened to delay additional economic aid until after Mr. Biden’s inauguration on Jan. 20.
Many of the president-elect’s advisers have become convinced that deteriorating economic conditions from the renewed surge in Covid-19 infections and the looming threat of millions of Americans losing jobless benefits in December amid a wave of evictions and foreclosures require more urgent action before year’s end. That could mean moving at least part of the way toward Mr. McConnell’s offer of a $500 billion package.
(Excerpt) Read more at msn.com ...
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If President Trump wins re-election the markets are tanking because he is being re-elected.
If Biden gets elected, it is tanking because of Covid-19, not the fact Nancy blew a bailout package.
I don’t see it.
In the worse case Soros and his ilk will get only what Dem House Members who are retiring can give them.
Next election, the House turns Republican- turns “Trump” even.
Four more “Summers of Recovery?” That would rack up 12 of them for Burisma Joe.
After looking at these charts of personal and business bankruptcies by state, i wonder why. But, then - this is their goal. How can they look like a savior if all is good and fine.
https://www.moneygeek.com/coronavirus/states-most-coronavirus-bankruptcies/
“When was the first recession?”
the Covid lockdown.
That wasn’t a real recession. Now, eight years of 0bama, that was a real recession!
I think they mean “Creates Renewed Recession.”
“... bankruptcies by state, i wonder why...”
Their goal is the “iron bowl”.
Look it up. It’s the basis of all tyrannies.
Dominion voting software
The republicans would not impeach Joe they wiil love him just like they did Obama.
You think they will get reelcted after the big cheat? No way republicans will be out.
You think they will get reelcted after the big cheat? No way republicans will be out.
then quit. but quit everything. including bitching about it on internet message forums, because fatalistic attitudes like that one are going to **cking bury us.
and this is *despite* holding our own so far in the senate; so that blows huge holes in your theory. if you live in GA, get off your dead ass and vote.
Yup. Batten down the hatches.
Just like the depression that Paul Krugman said would happen if Trump won in 2016, because he said a recession was coming in 2017, Hitlery was going to manage the decline, Trump would just make it worse.
If, by mid December it looks like Biden will be president expect a big wave of tax increase/asset expropriation avoidance... selling.
yes....I am hoping and praying this national nightmare is exposed and Trump gets the presidency he deserves for 4 more yrs...
There will be no republican winners after this is Trump is not successful.
I don’t see the dems allowing any chance in 2022 or 2024.
But still in secret as for me, I reject Old 🐌 Slow Joe as President.
What is an “iron bowl”?
Omgoodness- is it the ‘iron rice bowl’ ? They certainly know how to create a crisis and solve it for their benefit. Control. This way they can try to be sustainable.
This need to control. Psychopaths. All of them.
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