So, I guess no stimulus - Printable Version
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RE: So, I guess no stimulus - BostonCard - 10-12-2020
There is nothing insane about negative interest rates. There is nothing magical about the number zero. Inflation-adjusted interest rates have been below zero in the past:
https://fred.stlouisfed.org/series/DFII10
BC
RE: So, I guess no stimulus - BostonCard - 10-14-2020
[tweet]https://twitter.com/ThePlumLineGS/status/1316440950361731075?s=20[/tweet]
Raise your hand if you are surprised that all of a sudden Republicans are finding religion about fiscal restraint.
BC
RE: So, I guess no stimulus - chrisk - 10-14-2020
(10-14-2020, 05:23 PM)BostonCard Wrote: [tweet]https://twitter.com/ThePlumLineGS/status/1316440950361731075?s=20[/tweet]
Raise your hand if you are surprised that all of a sudden Republicans are finding religion about fiscal restraint.
BC
If the Republicans lose the Senate, they will have no say. If they vote no on stimulus, the Democrats will be able to use that against them in 2022. The key will be to raising taxes on a limited number of people.
RE: So, I guess no stimulus - Goose - 10-14-2020
(10-14-2020, 05:33 PM)chrisk Wrote: If the Republicans lose the Senate, they will have no say. If they vote no on stimulus, the Democrats will be able to use that against them in 2022. The key will be to raising taxes on a limited number of people.Yes, that has worked so well previously in many other nations, particularly in Europe.
RE: So, I guess no stimulus - OutsiderFan - 10-14-2020
When the Republican Party has realized it is so dead it must re-brand itself, it should call itself Chameleon. It is astonishing how disingenuous, hypocritical, and utterly without principle the GOP Congressional caucus is.
Dem POTUS: But the debt and deficit!
Rep POTUS: Nobody cares about the debt.
Dem POTUS: No SCOTUS nominee in election year, so new POTUS can decide!
Rep POTUS: We will rush in a new SCOTUS while people are voting.
Dem POTUS: We need more free trade deals to help American business!
Rep POTUS: Let's impose tariffs.
Dem POTUS: He's acting like a King!
Rep POTUS: We will do whatever POTUS wants.
Dem POTUS: We will use Congress to investigate everything about this POTUS!
Rep POTUS: We don't want Presidential harassment.
Dem POTUS: We will stop everything they want to do.
Rep POTUS: We will never pass anything unless it can pass with only Republican support.
Dem POTUS: Must be impeached for the slightest transgression!
Rep POTUS: He has learned his lesson, so need for impeachment.
I could go on with more examples of hypocrisy only matched by duplicity, not strictly about the POTUS and their party vis-a-vis the GOP, but will spare the board for now.
They are now crying about Russian disinformation campaigns being taken off Twitter and Facebook. The POTUS is re-tweeting claims Osama Bin Laden wasn't really killed, among the myriad of crackpot conspiracy theories driving their habitation of an alternate reality universe because they are so unable to accept truths they would rather not be reality.
RE: So, I guess no stimulus - Snorlax94 - 10-14-2020
(10-14-2020, 05:33 PM)chrisk Wrote:So the current word is Mnuchin now says no stimulus deal before the election. I think that is unfortunate for the sake of the country. I know many small businesses need another round of PPP and many families need cash. I feel like people don’t appreciate how much the last stimulus was propping things up, and accounts are starting to empty.(10-14-2020, 05:23 PM)BostonCard Wrote: [tweet]https://twitter.com/ThePlumLineGS/status/1316440950361731075?s=20[/tweet]
Raise your hand if you are surprised that all of a sudden Republicans are finding religion about fiscal restraint.
BC
If the Republicans lose the Senate, they will have no say. If they vote no on stimulus, the Democrats will be able to use that against them in 2022. The key will be to raising taxes on a limited number of people.
I’m hopeful that after the election, we will get a stimulus package.
In the Dem sweep scenario, the lame duck Congress will have an incentive to make a deal. For senators who lose, why not try to send some pork to your old friends on the way out. For senators who will remain, just imagine how bad you will look crippling the US economy until the next Congress is sworn in, who will then promptly save the economy with a stimulus package. They might as well pass something.
It’s hard to imagine a minority filibustering a stimulus package. They might do that for gun rights or abortion rights, but a depression will hurt red states and blue states, it will bankrupt households and small businesses.
RE: So, I guess no stimulus - Goose - 10-15-2020
(10-14-2020, 07:20 PM)Snorlax94 Wrote: It’s hard to imagine a minority filibustering a stimulus package. They might do that for gun rights or abortion rights, but a depression will hurt red states and blue states, it will bankrupt households and small businesses.
This entire situation is so hard to imagine that anything is possible, but I basically agree with you. It all depends on how many GOP senators want to hang on to the very limited Trump base as opposed to actually trying to advocate/articulate a rational conservative ideology, which we really haven't seen any trace of in the current administration. It is lots easier to tell the public what you think they want to hear, try to bribe them with borrowed OPM, and then to do nothing else, but maybe things will be serious enough that won't happen. OK, I admit it, it probably will happen, from both parties, but I am a hopeless romantic.