The Coronavirus thread

I think Nancy is wishing she had agreed to $1.8T deal offered by Trump/Mnuchin
It was close to a lot of what she wanted versus now starting over with Cocaine Mitch's number of $500B
Mitch and the GOP Senate won't move much for Nancy.
And you're right, they would have moved if Trump/Mnuchin said to take the deal.
But elections have consequences & the American people told the Orange Man Bad to pound sand
And he is doing just that, leaving Nancy to talk to Mitch about getting something done.
Nancy is going to have to defend the $2.2T as all Covid related costs and not pork & state bail outs for Pre-Covid debt levels.
Mitch is going to say, we got $500B for UI benefits, schools & some testing/vaccine money.
Classic example: NY MTA wants another $12B on top of the $4B they got in March.
I don't believe there is $16B of Covid related damage to MTA considering they had $45B+ in debt coming into 2020.
Their whole operating budget for 2019 was just over $16B, so you produced zero revenue in 2020, I don't think so.
And sorry, the American people aren't paying for your capital improvement projects as part of Covid costs.
You were circling the financial drain pre-Covid due to no one's fault but your own mismanagement.
That's a NY problem not a US problem
It is like this with every state with their hands out for $hit that is not Covid related.
Keep saying No Mitch & trot out your deal for UI benefits, testing, schools & business/state assistance that is proven as Covid related.
And point out the BS bail outs Nancy & Co keep adding into their deal.

Quote: JCW09

think Nancy is wishing she had agreed to $1.8T deal offered by Trump/Mnuchin

lol... Donny would have actually won re-election had he taken Nancy’s offer.

Quote: Tanko

He wants to increase M2V. The velocity of money. The rate at which money changes hands and moves through the economy. It has been falling for the past twenty-five years and is at a historic low. Four rounds of QE only resulted in a nominal multiplier effect when M2V failed to increase. You can’t have an economic boom without M2V going higher. M2V increased at the end of every recession, but it has been falling further since 2010.

The Fed is currently purchasing $80 billion in Treasury securities and $40 billion in mortgage backed securities every month to keep interest rates near zero.

That's kinda my point. A healthy economy would not need to reduce abnormally low interest rates event further to promote growth. The discount rate in January, before the Covid crash was apparent, was around 2% after being reduced three times in 2019.

Major New Study: No Evidence Masks Work

"In the first comprehensive, peer-reviewed study the efficacy of face masks to prevent the spread of Covid has been called into question. Within the margin of error there is virtually no difference between a masked group and an unmasked group, Danish scientists discovered." Dr Ron Paul

https://youtu.be/8PAwc8nlE_Q

Quote: JimRockford

That's kinda my point. A healthy economy would not need to reduce abnormally low interest rates event further to promote growth.

Why not? It doesn’t matter whether or not the economy is healthy. Lower interest rates spur investment and growth.

Especially if that investment brings the supply side back to the US. Never going to happen now.

We will probably see negative interest rates at some point, but for now, Powell is trying to avoid them, because they limit bank profitability.

Never mind our profitability. Low interest rates created a real estate and stock market bubble while robbing people of the ability to safely build wealth through compound interest. Today, interest bearing accounts return less than the rate of inflation.

Apparently, it’s all about the banks.

Don Jr. has COVID.

Karma ain’t done with 2020 yet!!

Quote: ams288

Don Jr. has COVID.

Karma ain’t done with 2020 yet!!

https://www.bloomberg.com/news/articles/2020-11-20/donald-trump-jr-infected-by-coronavirus-and-in-isolation

Oh dear. What a pity. Never mind.

Quote: ams288

Don Jr. has COVID.

Karma ain’t done with 2020 yet!!

Hopefully he makes it. Don’t want anyone to die from this. Not much chance given there are only a couple of dozen croking each day now. It was down to a couple of dozen right Don Jr?

The previous three posts show plainly the hate liberals have in their hearts.

Quote: AZDuffman

The previous three posts show plainly the hate liberals have in their hearts.

You act like hating evil people is a bad thing....