He did it again!
In the early hours of the morning the White House and the US Senate reached a deal for a $2 Trillion Stimulus package to save the nation's economy.
The House is expected to approve the measure by unanimous consent following a Senate vote,thus placing the largest stimulus measure in American history on the president’s desk after days of political stunts by Nancy Pelosi and Chuck Scumer.
There was a standoff for a brief time yesterday, but when details of what House democrats wanted to add to the bill became known, it was impossible for Pelosi to stand in defiance as the American people would most likely make the democrats pay in November. The handwriting was on the wall. Too much of the dirty details leaked out. I'm proud to add - right here on NT!
Instead the Senate Leader was able to tell the American people that "help was on the way!"
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The legislation, which was still being finalized, is expected to be enacted by the President within days.
Rules of civility apply
WOW !
The Democrats protect the average American from being fucked over by Trump and Cump,
and who did what again ?
The democrats did it again, saved us from crooked donnie and moscow mitch's private slush fund. Crooked donnie thought he was so slick saying he would oversee the slush fund...yeah right, it would go in his bank account
By bailing out the Post Office and overturning the Hyde Amendment?
Hum!
Ya, they showed the entire country what their about. This could have been done Monday! The American people are suffering! And they look for progressive shit to be put into an emergency aid package. I hope they lose everything in November!
They STOPPED a crooked donnie/moscow mitch slush fund with no oversight...that is a WIN for the American people
is it willful ignorance... ?
It's willful stupidity, deaf, dumb and blindness
Tommy...
can U hear me ?
What is wrong with bailing out the PO?....Our local carrier who is a contractor is taking a pay cut because of the virus. Because of the corona virus the amount of mail is dropping.
The USPS deliveries huge amounts of drugs (prescriptions). Many small towns are very dependent on the PO.
You're worried about a slush fund?
There won't be 30,000 ventilators. And there won't be billions of respirators. Achieving that would require manufacturing. We would need all those jobs that are never coming back.
Where do we find the electronics, the touch screens, the motors, fittings, and screws needed to manufacture 30,000 ventilators? China? Mexico? The Philippines? South Korea? Japan? Vietnam?
Trained medical personnel can't even figure out how to sanitize protective gear. They are depending upon a supply chain. And the United States no longer has the industrial base to keep that supply chain going. We've offshored, outsourced, rightsized, and downsized to grow 401k accounts.
The best advice provided by the $3.5 trillion medical sector is 'wash your hands, stay away from sick people, don't touch your face. stay home if you are sick'. We obviously don't possess enough common sense to figure that out on our own; we need experts who developed those guidelines after long, careful study.
And the biggest concern among the political experts on the Democratic side of the aisle is slush funds. Amazing.
Despite your effort to link it to the current crisis - it isn't. That's #1
# 2 And more important, legislation was adopted long ago to make sure the US taxpayer doesn't have to bailout that fantastical pension plan for postal employees. The Post Office has been forced to address their pension costs before they pay anything else each year. Why? because that government pension is not invested in anything and postal employees get to retire in their 50's. Kind of an insult to all those who toil in the real world.
I do get the part about keeping federal workers voting blue.
You mean Schumer has barred Trump and Pence companies from benefiting from the stimulus but of course companies owned by (or invested in) by members are allowed to do so?
So the USPS employees that test positive and can't work aren't part of the crisis..Brillant deduction on your part.
What in the world does their pension plans have to do with the coronavirus?
You do realize that there are a number of professions/jobs that can retire in their 50's right? So all of those are an insult to those that toil in the real world...I could have retired in my 50's as a longshoreman. You should try to toil in that world Vic.
I don't think that you get it at all. BTW the local carrier is a republican and a contractor and is taking a pay cut.
Cheers.
They are covered like all other workers, but we are not going to bail out the Post Office!
What in the world does their pension plans have to do with the coronavirus?
Absolutely nothing - thus we don't bail out the Post Office
You do realize that there are a number of professions/jobs that can retire in their 50's right?
They would be the exception to the rule and you know it
BTW the local carrier is a republican
Link please...
Bullshit. As stated I could have retired in my 50's as a longshoreman. Think that wasn't toiling. In fact, many corporations if you have combined years of service and your age you can retire in your 50's. If being able to retire in your 50's bothers you so much you should have chosen a different profession.
Since I speak to him a least a couple of times per week I'm pretty sure he isn't lying to me about being a republican or contractor...The real world Vic.
And you are telling us that's the norm? If you really believe that, let's see the proof. For most of us it's 65 with a minimum term of service.
Since I speak to him a least a couple of times per week I'm pretty sure he isn't lying to me about being a republican or contractor...The real world Vic.
Oh, your'e talking about one letter carrier that you know? Not the majority of Postal employees! Thanks for the clarification.
Nice job of cherry picking my comment Vic. I guess when you have nothing that the best you can do.
Again if you feel that you had to work till 65 that's your problem. I didn't and I'm fine with it. Choice Vic and it seems that I made better choices than you did on the age retirement portion.
I stated in my very first comment that he was our local mail carrier and a contractor. Reading is essential.
Defection! Your argument was that retiring in one's 50's was common. I disagreed and asked for proof.
I stated in my very first comment that he was our local mail carrier and a contractor.
You did, but that is hardly a counter argument to "I do get the part about keeping federal workers voting blue."
Bullshit, I never said it was common. I said that some people and industries can. Me being one.
First, it wasn't a counter-argument because you have no proof that federal workers all vote blue. It was a point that this man was a contractor and a republican.
According to the article I read this morning, along with the Administration no company a member of congress has will be able to apply for relief funds. And as I posted down below earlier we can't yet read the bill yet so neither of us really knows what the language actually says. It should be posted soon.
I actually retired 3 times. My last gig was after I retired full time at 64 years old. In the next five years I consulted as an expert witness in Maritime and interlinked tranportation services. I was court approved as an expert witness in CA, WN, OR, and DC.
Finally called it quits at 70 years old.
You only seem to care about said slush fund and having NO oversight....just let crooked donnie and moscow mitch STEAL money with no accountability, yeah, that's the ticket.
I do? Show me where
You sound like Luther, my high school buddies father.
Luther served 20 years in the Navy then retired. Next he did another 20 years with the Post Office and took a second retirement.
When I first started hanging with his son Ronnie, in the late 60's, Luther was in his early 70's and running a successful electrical contracting business.
Luther never really completely retired a third time but, in his late 80's, he let Ronnie handle most of the day to day stuff at the business.
.
Me, I'm just one of those guys who worked 30+ years with the phone company and then retired up in the hills back in the woods, in my mid 50's.
My latest job is volunteering at our local animal shelter. I ''work'' there 5 days a week working with the bully breeds to get them ready to be adopted and have a forever home.
Probably the most rewarding work I've ever done.
Thank you and you and your family stay safe.
Vic - this isn't won yet. The Democratic controlled House still has to review/approve the Bill and, I'm willing to bet, it will still be an uphill battle.
I'm gonna wait until ALL have approved/disapproved the bill.
Here's the latest from the House:
"But, support for Pelosi's climate-change push in the stimulus bill withered Tuesday. The former chief of staff to Rep. Alexandria Ocasio-Cortez, Saikat Chakrabarti, wrote on Twitter: "I helped write the #GreenNewDeal and I think this is ridiculous. The tiny little emissions standard increase doesn’t even do anything meaningful to stave off climate change and gives the @GOP leverage to get rid of real help for working people. Solve the problem at hand. Hospitals would get significant help as well."
yeah... Mitch certainly has everything under control...
I know, I already broke the news in Post 10
That will be disposed of tonight. One way or the other this Bill will get through the Senate by Morning and House should be voting on it by Friday. The Senators have a valid point, but that is actually in there because the Treasury Secretary wanted a uniform system for each states unemployment offices, some of which operate with computer systems that are 35 years old. On the other side of that is Bernie Sanders who wants the flawed language left in. We will see two votes tonight and it will move to the House.
No they don't. Like people are going to quit their jobs in mass just to have four months of pay from unemployment.
That is ridiculous in itself.
Funny that think this is fine yet not the Dem senators that wanted oversight of corporate payments.
that's the biggest hypocrisy
the wealthy can screw US over left and right, while if a lowly worker (average American) might get a few extra bucks ahead, HOLD THE PRESSES
The really sad part is that a lot of the people that defend things like that are part of the lowly worker class.
It is like they are doing the bidding of the wealthy. Hell the wealthy don't even have to try, just stroke some workers ego by telling them they might make it there one day...
People should receive more for not working than working?
Like people are going to quit their jobs in mass just to have four months of pay from unemployment.
Compensation does not involve quitting. The question is if people would want layoffs in order to get compensation plus the $600 or if employers would find it easier to lay people off in such circumstances. The work ethic is still an important part of American society. We wouldn't want to destroy that, would we?
Funny that think this is fine yet not the Dem senators that wanted oversight of corporate payments.
No, the dems wanted to load it up with their shit
Nope, sorry, I don't buy it.
It is in no way incentive for a company to lay off people. That is being used as an excuse. Especially when part of the bill is money for companies so it doesn't have to come to that.
Also unemployment does not match what one would have been making. It is a fraction of what one would get with their former paycheck. Giving them a full pay check for several months will help them pay the bills.
Giving four months of extra money is in no way going to destroy the fabric of society or destroy some fictional work ethic.
When blue dog Joe Manchin is upset with the Republicans, you know it's serious.
Chuck Schumer called it an "outstanding agreement". Too bad he wasn't man enough to stand up to Pelosi Monday.
Trump n cump won't be raiding our tax dollars because the DEMOCRATS demanded oversight, what a terrible day and a half delay...
WTF, fck those corporate execs profiting from this virus !
Is that what they wanted?
Speaker Pelosi: "There is a whole concern in our country that if we're giving tens of billions of dollars to the airlines, that we could at least have a shared value about what happens to the environment."
Yup, and I made sure NT members saw what that difference was yesterday!
The deal includes $500 billion for a major corporate liquidity program through the Federal Reserve, $367 billion for a small business loan program, $100 billion for hospitals and $150 billion for state and local governments.
It will also give a one-time check of $1,200 to Americans who make up to $75,000. Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600.
This is my favorite part..........but of course the title of the article invokes just the Trump name/businesses but what would one expect. The meat, to me which I am going to bold, is this from Schumer......................
Wonder how much of a sticking point this was for the Dems (and some Repubs)?
LMAO!
Good, why should his businesses get anything since he's a stable genius and knows more than anyone on the planet, he can figure out how to take care of his personnel. Since he's been fleecing the american public for money for his golfing, he can use that money to pay his people
So Trump is fleecing the American public for golfing. Then what was Obama doing with his golfing, shoot-a-rounds with college basketball teams, etc?
I have no problem blasting presidents for their excessive luxury travel expenses; but it applies to all Presidents. Funny how Congress doesn't want to address this issue outside of griping about it when they are out of power. Seems they want the luxury for their side when they next occupy the White House.
I believe most of us get 2 to 3 weeks vacation, and another 2 to 3 weeks personal time, each year. Don't see why Presidents can't be limited to the same. Also, setting a strict monetary budget cap for this time off as well. If they want to exceed the budget, then all expenses come out of their pocket. Since all Presidents seem to consider themselves great budget gurus it shouldn't be a problem for them.
Whataboutism at it's finest.
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So they took a couple extra days, it was well worth it to get a better deal for the American people. If they have oversight of the huge corporations who wanted to get a sweetheart deal allowing them to exhibit their usual greed it was worth it.
As people were dying, people were going out of business, and this is the crap the Democratic Party was throwing out there!
Vic, are you going to provide any evidence this time? Or are you going to abandon the comment thread again?
Yesterday, I took the trouble yesterday of posting the text of the House proposal. I thought you read it.
I refer you to "Pelosi holds American workers hostage."
I try to avoid your posts unless I am looking for a good laugh (which is wayyy too often nowadays). Care to post the link to the proposal text again?
No, I don't like re-posting the same evidence over and over again, especially when it is well reported evidence. The House published 65 pages yesterday. I posted numerous pages along with the link.
Please feel free to avoid
These seeds at this location are pure right wing propaganda. He even uses happy talk language when he praises conservatives, just like propagandists do. Its quite obvious.
Then you shouldn't be here.
You have never provided evidence on request. Why would I think you have any now?
Without saying anything about him personally, generally that seems to be the Russian recommended play on misinformation.
It's still there for all to see. The article is on file with "We the People"
All day yesterday I posted parts of the Pelosi plan
Yet no link to the full bull bill?
Doesn't Google or other search engines work for you?
Trying to come up with excuses for Vic?
Not at all. Just trying to figure out why it seems so hard for you to Google stuff like millions of folks manage to do every single day, even rather young children seem capable of doing it.
WTF would Vic need me to make any excuse for him? That is illogical.
He posted tons of pages of the bill yesterday AND included the page #s of the bill.
That is true, but Vic didn't spoonfeed the Pablum to him.
Hahaha! McConnell thought he could ram something through without Pelosi onboard? No $500B play money for Mnucin!
Pelosi got caught with her paw in the "cookie jar."
Didn't you hear? It's a bipartisan cookie jar now! McConnell got some of his cookies and Pelosi got some of her cookies. That's how the cookies crumble in a Representative Democracy.
All they needed was a good whippin' to discover bipartisanship. Marc Thiessen wrote a great piece in the Washington Post today all about it.
"But for Democrats obstruction the relief bill would already be signed into law, banks would already be extending lifesaving loans to keep businesses afloat, and relief payments to struggling families would already be in the works."
If you're including me in the "them", you having reading comprehension issues. I never picked sides on this issue except to say one side isn't going to dictate any bill that has to get fast tracked through. It never happens without a super majority.
Oh, I do admit to saying I didn't back the Republican plan to give the Treasury Secretary $500B of my tax money without some strings. Now it's reported that money goes to the Fed and has an over-site committee and a new IG. That is a small part of this bill we can't even read yet.
Printing all this money will most likely increase inflation later.
The Fed later pulled that money back out of the economy. And I said most likely. It really depends on how long this economic slump lasts as well as how much the Treasury has in bonds vs how much they have to print. There may also be other mechanisms I haven't accounted for, but historically printing money increases inflation. Inflation in and of itself isn't a bad thing. It encourages savings while it discourages borrowing.
I didn't say shit about Trump.
There were several stories from 2018. Here's one from May 2018 at Forbes -
What Does Reverse QE Mean For Investors?
[Removed]
Until I see that supposed 1,000 plus dollar check, I won't take anything the turtle has promised seriously.
This just in:
There is another glitch:
Four Republican senators are warning that they will oppose the $2 trillion coronavirus response package unless a “massive drafting error” in the legislation, which they say would create an incentive for employers to lay off employees, is fixed.
"You want to destroy what's left of the economy? Pass it the way it’s written," Sen. Lindsey Graham, R-S.C., said in a press conference. "If you want to help people, pay them their wages, but don’t pay them more not to work."
The concern from Sens. Graham, Tim Scott, R-S.C., Ben Sasse, R-Neb., and Rick Scott, R-Fla., is that the current version could pay workers more in unemployment benefits than they're currently making, by sticking a $600 per week payment on top of ordinary benefits that are calculated as a percentage of income. This could disrupt the labor market further, the lawmakers warn.
foxnews.com/politics/gop-senators-oppose-coronavirus-bill-error
Can you remember when the damn gop lost their collective hive mind when Obama inherited those early trillion dollar deficits in 2009 and 2010? Well, Trump will be going out after only four years having blown Obama's quaint old school five hundred billion dollar deficits into Trump's Giant Five Trillion Dollar Nightmare Monster Deficit From Hell. Typical for the damn gop. They do it every time. It is just like clockwork...
Sure Enough, "He did it, again". Trump and the gop ruined it for everyone. Return To Normalcy - BIDEN 2020...