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Rep. Alexandria Ocasio-Cortez, D-N.Y., is criticizing President-elect Biden's new coronavirus relief, arguing that it doesn't go far enough to help people in need during the pandemic. Biden's stimulus plan, which includes the increased payments, would cost $1.9 trillion. According to The Washington Post, most people would end up with a total of $2,000 in stimulus, including $600 checks dispensed in recent legislation. But that wasn't enough for Ocasio-Cortez, who appeared to want the latest checks to reach $2,000 as she and others have repeatedly requested. "$2,000 means $2,000. $2,000 does not mean $1,400,″ she told the Post.

In his latest report on federal government waste, a project he completes every year, Sen. Rand Paul (R-Ky.) highlights $54.7 billion in government spending that he deems wasteful. Among the items noted this year is the creation of a $6.9 million “smart toilet,” which operates with three cameras, one of which can identify a user’s “analprint.” As explained in The Festivus Report 2020, researchers at Stanford University used $6,973,057 in funds granted through the National Cancer Institute, which is part of the National Institutes of Health (NIH) to create a so-called “smart toilet.” The purpose of the toilet is to...

President-elect Joe Biden on Saturday pressed President Trump to immediately sign a COVID-19 relief bill that is stuck in limbo, blasting what he deemed Trump's "abdication of responsibility." Biden noted that the bill contains provisions for small businesses and extended unemployment benefits, as well as stimulus checks, and could help struggling families as they come up against the pandemic's economic fallout during the holiday season. "It is the day after Christmas, and millions of families don't know if they'll be able to make ends meet because of President Donald Trump's refusal to sign an economic relief bill approved by Congress...

The roughly $900 billion stimulus package is on its way to President Donald Trump for his signature, though it’s unclear whether he will sign the bill that would deliver aid to Americans, mutliple news outlets reported on Thursday. The massive 5,593-page bill, which includes the $1.4 trillion omnibus, is being flown on the plane to Florida, where Trump is staying at his Mar-a-Lago resort for Christmas...

President Trump reads the list of items Congress put in the COVID "relief" bill. He is ticked. Says Americans and small businesses should be getting the $$$.

In a Wednesday statement with Senate Minority Leader Chuck Schumer, House Speaker Nancy Pelosi said she supports a $908 billion economic relief measure presented by a bipartisan group of lawmakers on Tuesday. The bipartisan bill is roughly half the amount offered by the White House during negotiations with Pelosi before the election. In October, President Donald Trump's negotiators raised their compromise offer to $1.8 trillion after House Democrats had approved a $2.2 trillion package. But Pelosi opposed the White House compromise, arguing that it did not go far enough and that the language regarding the government health care response to...

The Black Lives Matter movement (BLM) casts itself as a spontaneous uprising born of inner city frustration, but is, in fact, the latest and most dangerous face of a web of well-funded communist/socialist organizations that have been agitating against America for decades. The Black Lives Matter movement claims that only whites can be racists. And while justifying violence to achieve “social justice,” the movement’s goal is to overthrow our society to replace it with a Marxist one. Many members of the black community would be shocked to learn that the intellectual godfathers of this movement are mostly white Communists, “queers”...

The latest economic stimulus package narrowly passed by the House on Friday was a tiptoeing act for Democratic leadership, not because they tried to craft a $3 trillion piece of bipartisan legislation - neither Republicans nor the White House were consulted - but because they struggled to get members of their own party on board. As a result of the inability to appease the entire caucus, some moderate and liberal Democrats crossed the aisle to join Republicans to vote against the proposal that includes another round of stimulus checks, state and local aid, an expansion of unemployed benefits and rent...

The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit. That is partly because America’s central bank is not allowed to take much credit risk itself, and loans to lower-rated borrowers have a higher chance of losses. The risk is exacerbated by the spread of coronavirus which have brought economic activity to a screeching halt. To alleviate that constraint, the U.S....

The helicopters are dumping money out the door. You will pay for it down the road, one way or another. Might as well get a piece. And in fairness......some of you really do need it. This event is unprecedented, at least within living memory. We will cover: - $350 BILLION LOANS YOU DON'T HAVE PAY BACK - If You Apply for certain loans, you get $10k In 3 Days. If You Don't Get Approved That $10k Advance Gets Forgiven. - Avoid Penalties on Retirement Fund Withdraws; Can Put Money Back In - 10 BILLION OF DISASTER LOANS - Defer Your...

The numbers speak for themselves. Rather than "give" 6,000.00 per person to the individuals to use as they see fit, Washington demands their cut: 1,000.00 back (maybe) IF you have less than 90,000.00 income limit, otherwise nothing. And the rest going to the people the Washington political class selects and the democrat's ABCNNBCBS press corpse approves! 2 trillion is roughly 1/10 of the entire US economy. How will they spend all of that in two months?

Total absurdity of a "Virus Bill" listed: Here's a review of what's in this stimulus package.. Courtesy of Dave Wukawitz ✅Here’s what’s in the stimulus deal. $100,000,000 to NASA, because, who knows why. $20,000,000,000 to the USPS, because why the hell not $300,000,000 to the Endowment for the Arts / because why not $300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing $15,000,000 for Veterans Employment Training / for when the GI Bill isn't enough $435,000,000 for mental health support / thats a lot of suicide hotlines $30,000,000,000 for the Department of Education...

President Donald Trump Tuesday said he was the person who canceled the deal to pass coronavirus legislation in excess of $2 trillion after House Speaker Nancy Pelosi included "a lot of things" that had nothing to do with people who have been put out of work because of closures over the spreading coronavirus epidemic. "I canceled the deal," he said in a Fox News virtual town hall. "I said, 'I'm not going to send that deal.' Nancy Pelosi came and put a lot of things in the deal that had nothing to do with the workers, that has to do...

According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of critical importance for strategists to understand and acknowledge this human tendency, as it causes one to easily fall prey to a number of cognitive biases, which prevent one from seeing things how they really are, and more important for the strategist, how they are likely to become. One of the most famous cognitive biases is confirmation bias. As we prefer to be proven correct, we naturally incline towards information that confirms our views...

President Trump’s tax reform has delivered more than a trillion dollars of stimulus to the American economy through corporations repatriating profits held overseas in order to avoid penalties that the tax law had imposed on bringing home the funds earned abroad. Bloomberg reports: Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday. (snip) Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul,...

Video: Elijah Cummings ALSO called Baltimore “drug infested” – Trump is called “racist” for saying same thing.

Now solidly into the second year of Donald Trump’s presidency, we can look back at Barack Obama’s legacy with some context. Many aspects of Obama’s eight years in office will go down in history as a success, but not all of them. Let’s take a look at the worst mistakes he made and one force that may have rested even outside his control. 1. Confidence in the economy recovered post-Obama. 2. Obama oversaw a period of struggling labor. 3. The stock market struggled during Obama’s tenure. 4. The 44th president heightened tensions in the Middle East. 5. Obama let the...

A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...

Just because the so-called “conservative” and “liberal” punditry and politicos refuse to answer this question, doesn’t mean we should stop asking it. In 2009 President Obama along with congress passed the roughly $900 billion stimulus bill, the American Recovery and Reinvestment Act. The “non-shovel ready” spending took place within fiscal year 2010/2011. The amount is significant because the injected stimulus was 30% more than the entire federal budget for the same year.

Distinguished law scholar Elizabeth Warren teaches contract law, bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America's credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class. Series: "UC Berkeley Graduate Council Lectures" [6/2007] [Public Affairs] [Business] [Show ID: 12620]