Quote: @greediron said:
@ mblack said:
@ greediron said:
@ mblack said:
@ greediron said:
@ mblack said:
#CovidReliefBillFacts
- Over 70% of the country supports the bill. 2/3rd of the country favors it.
- American Airlines will no longer furlough the 13000 workers thanks to the bill. He was happy to announce that the employees should tear the WARN letter. The CEO said if the employees see a congressman they should thank him or her. He forgot to mention except its a Republican senator
- Biden announced another 100 million vaccines. We are now talking about a potential surplus in vaccines and may even help other countries according to Biden (this is not part of the bill)
- This bill has about the same amount if spending like the trump tax cuts. The difference? The Trump tax cut focused on the wealthy. 85% of the covid bill focuses on middle / low income earners
- The bill will make COBRA less expense. Also making it easier to get and keep health insurance. The sad part here though is that Health Insurance provisions expire in two years so buckle up.
- Senator Roger Wicker from Mississippi is now talking about how the bill will help and is good but he voted against it. Remember no Republican senators voted for it. How nice of him to promote the benefits of the so called "terrible" bill. I give him credit though given most of his republican colleagues have avoided talking about the bill.
All this happened within the first 50 days of the Biden administration.
So yes let's keep talking about how it eliminates the debts for CA and NY, focus on how it increases the national debt, prisoners getting covid relief and other trivial nonsense.
Glad you think billions in pork is trivial. I never said that but since you brought it up, yes it is trivial compared to the bill as a whole or compared your the stupid tax cut
Again, what portion of the bill actually was for covid relief? You can see it from the pie chart below... a lot of it. I am assume do can do addition
If every citizen got a check, it wouldn't even be 1/4 of the entire bill. You are right. The checks cover almost 1/4 of the bill from the chart below.
So the farcical govt lockdowns (1st anniversary of 15 days...) drives the airlines to bankrupcy, but we should be thankful 13,000 workers get to keep their jobs for another few months. What about the millions of small businesses that didn't? The same lock down saved lived. Trump and co actually were cosistent in messagingw e would have saved more lives. I cant help you if you think keeping a business open is better than staying alive. You can ask the 500K people who died because of backwards thinking of peeple like you... oh wait they are dead so we cant ask them.
85% of the bill focuses on middle/low class? What gymnastics do you have to do to make that shit up? NYC and SF are low income? Cuomo/Deblasio/Shumer/Pelosi are certainly not middle to low income.
I don't do gymnastics. That is for republicans and people like you. I present facts if I don't have any I don't push feelings as facts.
I hope the chart below answers your questions however feel free to post another far fetched theory
I would address your responses if I could read them in english.
350 B for NYC and SF. Pure Pork
178 B for teachers unions that still won't open the schools. Why do they need more money than they already have when they aren't even open? Should be taking a pay cut, not getting more pork.
Small businesses/restaurants get much less, 134 B. The ones that took it the hardest get tokens. And it will probably be sucked up by mega corps that support Nance.
But hey, at least this one didn't have billions for transgenders in Pakistan.
True to form. Still sticking to the discredited pork line I see. "And it will probably be sucked up by mega corps that support Nance." So much for an insightful take.
The money to schools is to help them prepare so they have a safe environment for kids, teachers and all involved. It is helping them open safely. Something that is hard for you to comprehend I imagine.
Here is the state breakdown of the bill. Below are the top 7 recipients (states and tribal gov)
- CA: 42 Billion
- TX; 27 Billion
- NY: 23 Billion
- Tribal Gov'ts: 20 Billion
- FL: 17 Billion
- IL: 13 Billion
- PA: 10 billion
So again, how many times do you need to be proven wrong before you stop spreading falsehoods?
If you are going to point out typos you should make sure you don't make any. But what do I know?
By the way that is a lame excuse to avoid the facts presented on the pie chart. Not surprising given your specialty in moving the goal post.
And you seem fine with Pork, so I guess that ends the conversation. $86 B (edited as I had the number way too low) for bailouts of union pension funds as well. Pork, Pork, Pork.
and it wasn't typos, it was completely incoherent sentences. " compared your the stupid tax cut" "Trump and co actually were cosistent in messagingw e would have saved more lives."
Good day, it was fun mocking you for a while, but you keep droning on and on doing more harm to your arguments, so I will mercifully stop responding.
Hahaha.
- First it was 350 Billion to SF and NYC. That has been abandoned after exposed as false.
- Then it was the 178 Billion for teachers that was abandoned after you were educated on how the process works.
- The Pork line now has moved to pensions. Yeah screaming Pork, Pork Pork makes it right. Sounds awfully familiar.
- There is only one person on this thread that is rambling without fact and moving the goal post with baseless claims but yes you win the "mocking" title.
Every claim you made has been debunked but yes I am the one doing more harm to my arguments. You have not responded to a single fact that was presented to you besides moving the post so yes you do us all a favor by not responding. Like they say "a broke clock is right twice a day". This is the first correct decision you made today. So there is hope for another (hint: you actually keeping to your word and not responding).
You have demonstrated the limitations of your thought process enough and it is getting tiring educating you on the bill on a public forum
Quote: @mblack said:
@ Vikergirl said:
https://twitter.com/CAPAction/status/136...80963?s=19
Thanks!
Wait for some to come reiterate the false talking point on how it primarily is to bail out NY and CA and question the source of your info.
It should be repeated that EVERY republican voted NO. These are the same people that voted for the tax cut bill the went mostly to the wealthy and did not care about the national debt. We were even told they would eradicate the national debt in 8 years even though they were growing it in astronomical proportions.
and they are still pounding the table for another tax cut from the estate tax, a tax that predominantly (90%) affects the 10% of earners in America.
It's sad how many middle americans are closer to being poor, broke, than being the wealthy class that their party only supports.
Quote: @mblack said:
@ Vikergirl said:
https://twitter.com/CAPAction/status/136...80963?s=19
Thanks!
Wait for some to come reiterate the false talking point on how it primarily is to bail out NY and CA and question the source of your info.
It should be repeated that EVERY republican voted NO. These are the same people that voted for the tax cut bill the went mostly to the wealthy and did not care about the national debt. We were even told they would eradicate the national debt in 8 years even though they were growing it in astronomical proportions.
This shows how little the GOP actually gives a fuck about their own voting base. They all voted no for you and your communities to get the relief you need. They believe you are schmucks, rubes, who only take the red meat of FEAR of Antifa, Dr. Seuss, scary public health care, do not stop supporting the troops, or the fossil fuel economy, tax cuts for the promise that hey you might be a millionaire in America. When the fuck is middle America going to wake the fuck up.
Their lack of empathy is astounding and their voters keep signing up for more. They deserve what they get at this point, they haven't hit bottom yet.
Quote: @BigAl99 said:
@ AGRforever said:
we arent going to raise rates. The fed picked this path long ago during the obama administration. Come hell or high water, print and print big.
Why do you assign it to the Obama admin and not the aftermath of the Bush admin? Just curios, have heard, somewhere, the economy may have had something to do with fiscal policy at the time. How did that work out, I mean we did get tax cuts in the aftermath, or is that not work in your narrative.
Ummmmmm......because we didnt raise rates off zero for Obamas entire term....that is until the moment Trump was elected....and he became a lame duck.
We should have been raising rates in early 2011. We should have had intrest rates availible to cut for the next recesion in 2012 but those cuts would have slowed Obamas economy down and we certainly couldnt have that.
Even if we didnt raise rates the Fed could have stopped its quantitative easing earlier or even ***gasp*** started quantitative shrinking as early as mid 2012 or so instead of waiting till Trump was president to contract the economy by $50Billion per month at its peak.
Think what you want, but the Fed was in the bag for Obama and did everything in their power to make Trumps economy look bad.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
Quote: @StickyBun said:
@ AGRforever said:
@ StickyBun said:
@ AGRforever said:
....outside of the headline that prisons cost taxpayers $80 billion annually.
That wasnt the point. I’m well aware that people in cages cant make a living. My point was wont the prison system just take the check the moment it hits their account? Almost like a wage garnishment?
Dude, I don't want prisoners to get a stimulus check. I'm not arguing about that,
We’re on the same side here. I’m merely saying that the money wont actually hit a prisoners hand. It’ll get taken for “services” rendered for their extended stay hotel.
Quote: @AGRforever said:
@ BigAl99 said:
@ AGRforever said:
we arent going to raise rates. The fed picked this path long ago during the obama administration. Come hell or high water, print and print big.
Why do you assign it to the Obama admin and not the aftermath of the Bush admin? Just curios, have heard, somewhere, the economy may have had something to do with fiscal policy at the time. How did that work out, I mean we did get tax cuts in the aftermath, or is that not work in your narrative.
Ummmmmm......because we didnt raise rates off zero for Obamas entire term....that is until the moment Trump was elected....and he became a lame duck.
We should have been raising rates in early 2011. We should have had intrest rates availible to cut for the next recesion in 2012 but those cuts would have slowed Obamas economy down and we certainly couldnt have that.
Even if we didnt raise rates the Fed could have stopped its quantitative easing earlier or even ***gasp*** started quantitative shrinking as early as mid 2012 or so instead of waiting till Trump was president to contract the economy by $50Billion per month at its peak.
Think what you want, but the Fed was in the bag for Obama and did everything in their power to make Trumps economy look bad.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
people can say what they want, but inflation is real and its happening hard core. building costs are double and triple what they were just a year ago, some of this is covid related due to mfg shutdowns, but much of this is simply demand, all I keep hearing when I see people spending stupidly on materials is how money is so cheap they have to use it. My question is once interest rates are raised, and all this buying slows down and material prices come back down to earth... what happens to all these homes and buildings that are being built with these hugely inflated prices? right now a $300k home is costing upwards of $500k to build in many areas, when the market goes back to $300k to build a home, how do those people in these newer homes handle losing that $200k? Its leaking over into the used home market as well and into about every other aspect of our economy, except for food, so far those prices are still low somehow.
Quote: @Skodin said:
@ mblack said:
@ Vikergirl said:
https://twitter.com/CAPAction/status/136...80963?s=19
Thanks!
Wait for some to come reiterate the false talking point on how it primarily is to bail out NY and CA and question the source of your info.
It should be repeated that EVERY republican voted NO. These are the same people that voted for the tax cut bill the went mostly to the wealthy and did not care about the national debt. We were even told they would eradicate the national debt in 8 years even though they were growing it in astronomical proportions.
This shows how little the GOP actually gives a fuck about their own voting base. They all voted no for you and your communities to get the relief you need. They believe you are schmucks, rubes, who only take the red meat of FEAR of Antifa, Dr. Seuss, scary public health care, do not stop supporting the troops, or the fossil fuel economy, tax cuts for the promise that hey you might be a millionaire in America. When the fuck is middle America going to wake the fuck up.
Their lack of empathy is astounding and their voters keep signing up for more. They deserve what they get at this point, they haven't hit bottom yet.
so pork = empathy.
Makes sense to a simpleton. Buy their votes and they will buy anything you say.
Quote: @JimmyinSD said:
@ AGRforever said:
@ BigAl99 said:
@ AGRforever said:
we arent going to raise rates. The fed picked this path long ago during the obama administration. Come hell or high water, print and print big.
Why do you assign it to the Obama admin and not the aftermath of the Bush admin? Just curios, have heard, somewhere, the economy may have had something to do with fiscal policy at the time. How did that work out, I mean we did get tax cuts in the aftermath, or is that not work in your narrative.
Ummmmmm......because we didnt raise rates off zero for Obamas entire term....that is until the moment Trump was elected....and he became a lame duck.
We should have been raising rates in early 2011. We should have had intrest rates availible to cut for the next recesion in 2012 but those cuts would have slowed Obamas economy down and we certainly couldnt have that.
Even if we didnt raise rates the Fed could have stopped its quantitative easing earlier or even ***gasp*** started quantitative shrinking as early as mid 2012 or so instead of waiting till Trump was president to contract the economy by $50Billion per month at its peak.
Think what you want, but the Fed was in the bag for Obama and did everything in their power to make Trumps economy look bad.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
people can say what they want, but inflation is real and its happening hard core. building costs are double and triple what they were just a year ago, some of this is covid related due to mfg shutdowns, but much of this is simply demand, all I keep hearing when I see people spending stupidly on materials is how money is so cheap they have to use it. My question is once interest rates are raised, and all this buying slows down and material prices come back down to earth... what happens to all these homes and buildings that are being built with these hugely inflated prices? right now a $300k home is costing upwards of $500k to build in many areas, when the market goes back to $300k to build a home, how do those people in these newer homes handle losing that $200k? Its leaking over into the used home market as well and into about every other aspect of our economy, except for food, so far those prices are still low somehow.
Time to start laddering CD's(certificates of deposit), my father made a killing doing that with his Fireman pension, late 70's. He had one coming due every month, when he passed really took care of Mom, then she got into class c mutual funds from her banker, that sucked, deregulation of fiduciary role for banking institutions.
Quote: @BigAl99 said:
@ JimmyinSD said:
@ AGRforever said:
@ BigAl99 said:
@ AGRforever said:
we arent going to raise rates. The fed picked this path long ago during the obama administration. Come hell or high water, print and print big.
Why do you assign it to the Obama admin and not the aftermath of the Bush admin? Just curios, have heard, somewhere, the economy may have had something to do with fiscal policy at the time. How did that work out, I mean we did get tax cuts in the aftermath, or is that not work in your narrative.
Ummmmmm......because we didnt raise rates off zero for Obamas entire term....that is until the moment Trump was elected....and he became a lame duck.
We should have been raising rates in early 2011. We should have had intrest rates availible to cut for the next recesion in 2012 but those cuts would have slowed Obamas economy down and we certainly couldnt have that.
Even if we didnt raise rates the Fed could have stopped its quantitative easing earlier or even ***gasp*** started quantitative shrinking as early as mid 2012 or so instead of waiting till Trump was president to contract the economy by $50Billion per month at its peak.
Think what you want, but the Fed was in the bag for Obama and did everything in their power to make Trumps economy look bad.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
people can say what they want, but inflation is real and its happening hard core. building costs are double and triple what they were just a year ago, some of this is covid related due to mfg shutdowns, but much of this is simply demand, all I keep hearing when I see people spending stupidly on materials is how money is so cheap they have to use it. My question is once interest rates are raised, and all this buying slows down and material prices come back down to earth... what happens to all these homes and buildings that are being built with these hugely inflated prices? right now a $300k home is costing upwards of $500k to build in many areas, when the market goes back to $300k to build a home, how do those people in these newer homes handle losing that $200k? Its leaking over into the used home market as well and into about every other aspect of our economy, except for food, so far those prices are still low somehow.
Time to start laddering CD's(certificates of deposit), my father made a killing doing that with his Fireman pension, late 70's. He had one coming due every month, when he passed really took care of Mom, then she got into class c mutual funds from her banker, that sucked, deregulation of fiduciary role for banking institutions.
Yep My FIL had CDs in the 70s and early 80s that were paying returns that the stock market wasn't touching in the 90s. I've heard about it but never witnessed it myself, would be nice as I get closer to retirement to find those safe investments that still paid double digit returns. I doubt we ever see that again though. I can't imagine its profitable enough for the bankers when the rates go that high, since it encourages saving and all.
Quote: @BigAl99 said:
@ JimmyinSD said:
@ AGRforever said:
@ BigAl99 said:
@ AGRforever said:
we arent going to raise rates. The fed picked this path long ago during the obama administration. Come hell or high water, print and print big.
Why do you assign it to the Obama admin and not the aftermath of the Bush admin? Just curios, have heard, somewhere, the economy may have had something to do with fiscal policy at the time. How did that work out, I mean we did get tax cuts in the aftermath, or is that not work in your narrative.
Ummmmmm......because we didnt raise rates off zero for Obamas entire term....that is until the moment Trump was elected....and he became a lame duck.
We should have been raising rates in early 2011. We should have had intrest rates availible to cut for the next recesion in 2012 but those cuts would have slowed Obamas economy down and we certainly couldnt have that.
Even if we didnt raise rates the Fed could have stopped its quantitative easing earlier or even ***gasp*** started quantitative shrinking as early as mid 2012 or so instead of waiting till Trump was president to contract the economy by $50Billion per month at its peak.
Think what you want, but the Fed was in the bag for Obama and did everything in their power to make Trumps economy look bad.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
people can say what they want, but inflation is real and its happening hard core. building costs are double and triple what they were just a year ago, some of this is covid related due to mfg shutdowns, but much of this is simply demand, all I keep hearing when I see people spending stupidly on materials is how money is so cheap they have to use it. My question is once interest rates are raised, and all this buying slows down and material prices come back down to earth... what happens to all these homes and buildings that are being built with these hugely inflated prices? right now a $300k home is costing upwards of $500k to build in many areas, when the market goes back to $300k to build a home, how do those people in these newer homes handle losing that $200k? Its leaking over into the used home market as well and into about every other aspect of our economy, except for food, so far those prices are still low somehow.
Time to start laddering CD's(certificates of deposit), my father made a killing doing that with his Fireman pension, late 70's. He had one coming due every month, when he passed really took care of Mom, then she got into class c mutual funds from her banker, that sucked, deregulation of fiduciary role for banking institutions.
you cant compare a CD to a mutual fund. Theyre two completley different types of assets.
And as far as the CD rates over the years. Up until Obama when we unattached inflation and intrest rates from reality.
If you take intrest rates and take out inflation plus taxes, CD rates have returned 2-2.5% year in year out.
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