NY Times: Trump’s Go-It-Alone Stimulus Won’t Do Much to Lift the Recovery

DerekJohnson

https://nytimes.com/2020/08/08/business/trump-stimulus-recovery.html?action=click&module=Top%20Stories&pgtype=Homepage

Goduckies

Is this from Krugman? How did that prediction go last time.

Bendintheriver

Yeah if we had just followed the rat road map and let felons out of prison, paid illegal aliens $600 a week, eliminated ID to vote laws and fully funded the Kennedy Center for the Arts the economy would have just be humming along.

I find it amazing that liberals who supported BO and biden and got 8 years of a substandard economy due to a record low bounce back from a recession, still want you to believe they know what the heck they are talking about when it comes to the economy.

RaceBannon

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

LebamDawg

RaceBannon said:

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

it's about tim you came to your senses

Postal91

RaceBannon said:

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

Sadly what 2 of my idiot friends said last night... 'he's getting rid of social security'... blah blah blah.

Bob_C

Of course it won’t do much. What would do a lot is opening the fucking economy.

MikeDamone

Postal91 said:

RaceBannon said:

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

Sadly what 2 of my idiot friends said last night... 'he's getting rid of social security'... blah blah blah.

I remember my liking payroll tax cuts when the president i liked did it phase.

https://obamawhitehouse.archives.gov/blog/2012/02/22/president-obama-signs-payroll-tax-cut

NorthwestFresh

Gee, how about doing nothing like your Democrats? Who needs healthily small businesses when we can all just work at Costco and WalMart.

https://twitter.com/krystalball/status/1292855548271001603?s=21

MelloDawg

Postal91 said:

RaceBannon said:

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

Sadly what 2 of my idiot friends said last night... 'he's getting rid of social security'... blah blah blah.

Whether or not that's what ends up happening, the messaging of "I'm going to get rid of the payroll tax" is easy to link to the idea that Social Security will be weakened if he gets re-elected. He could have stopped at signing the EOs, but then commented further.

doogie

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

doogie

People without jobs or not at risk of ever working one again, aren’t going to worry about a payroll tax

NorthwestFresh

MelloDawg said:

Postal91 said:

RaceBannon said:

Trump won't help. Will hurt social security. Bad move. Democrats have your best interests at heart

Sadly what 2 of my idiot friends said last night... 'he's getting rid of social security'... blah blah blah.

Whether or not that's what ends up happening, the messaging of "I'm going to get rid of the payroll tax" is easy to link to the idea that Social Security will be weakened if he gets re-elected. He could have stopped at signing the EOs, but then commented further.

Maybe if your Democrats weren’t so eager to crush the economy and delay relief because of stupid riders on bills like marijuana legalization and other pork projects there would be a bi-partisan plan being enacted. But nope, the economy crashing and millions out of work is the ideal scenario for Democrats, at least nationally, so now Pelosi and Congress are heading off for vacation next week after accomplishing yet again zilch.

Hopefully her $20,000 ice cream freezer is fully stocked by her servants in her SF mansion.

MelloDawg

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

The dueling arguments of "It's Your Governor's Fault" vs. "He's Going To Take Your Social Security Away" in the next 3 months will be interesting. Neither may end up being true, but it is an election after all.

NorthwestFresh

MelloDawg said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

The dueling arguments of "It's Your Governor's Fault" vs. "He's Going To Take Your Social Security Away" in the next 3 months will be interesting. Neither may end up being true, but it is an election after all.

Imagine being a Democrat and thinking that most voting people in a shutdown caused by a virus are worried about their next mortgage and car payments give a shot about a suspension in the payroll tax and it’s implications on SS 15 years from now.

It does show how out of touch Democrats are if they think recycling this old bogeyman has any teeth in this economic climate.

MelloDawg

NorthwestFresh said:

MelloDawg said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

The dueling arguments of "It's Your Governor's Fault" vs. "He's Going To Take Your Social Security Away" in the next 3 months will be interesting. Neither may end up being true, but it is an election after all.

Imagine being a Democrat and thinking that most voting people in a shutdown caused by a virus are worried about their next mortgage and car payments give a shot about a suspension in the payroll tax and it’s implications on SS 15 years from now.

It does show how out of touch Democrats are if they think recycling this old bogeyman has any teeth in this economic climate.

I agree that it doesn't affect many currently and that there are more immediate pressing needs. People my age who think it should matter to them are out of touch. I'm curious how much it moves the needle for those 20 years older than me, however.

What will matter is the unemployment extension and more stimulus. If they can't roll it out effectively or timely enough, it'll fall on Trump to put the onus on the governors and say he did everything he could.

doogie

MelloDawg said:

NorthwestFresh said:

MelloDawg said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

The dueling arguments of "It's Your Governor's Fault" vs. "He's Going To Take Your Social Security Away" in the next 3 months will be interesting. Neither may end up being true, but it is an election after all.

Imagine being a Democrat and thinking that most voting people in a shutdown caused by a virus are worried about their next mortgage and car payments give a shot about a suspension in the payroll tax and it’s implications on SS 15 years from now.

It does show how out of touch Democrats are if they think recycling this old bogeyman has any teeth in this economic climate.

I agree that it doesn't affect many currently and that there are more immediate pressing needs. People my age who think it should matter to them are out of touch. I'm curious how much it moves the needle for those 20 years older than me, however.

What will matter is the unemployment extension and more stimulus. If they can't roll it out effectively or timely enough, it'll fall on Trump to put the onus on the governors and say he did everything he could.

The only reason why you object to what Trump has done most recently is because it is quite effective Leaving the Democrats trapped

creepycoug

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

Agree with you here, with one giant asterisk that I'm assuming you will agree with, and that is, the government give-aways are barely a band-aid and we can't keeping doing it. The economy and fundamentals of value creation need to be released by whomever it was that let the dogs out. That's what really needs to happen. For reasons I can't quite articulate, I'm banking on a Trump re-election to hasten that process.

@UW_Doog_Bot can weigh in here, but paying this shit back is gonna be fun, and if we don't and keep printing money, something it seems all administrations like to do now, inflation will rear her ugly mug and then it's high interest rate tim for the country. I don't mind if that happens when I retire, because bond ladders and shit, and because my borrowing days are in the rear-view mirror, but fuck it may come sooner and there are other reasons I like low rates.

MikeDamone

creepycoug said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

Agree with you here, with one giant asterisk that I'm assuming you will agree with, and that is, the government give-aways are barely a band-aid and we can't keeping doing it. The economy and fundamentals of value creation need to be released by whomever it was that let the dogs out. That's what really needs to happen. For reasons I can't quite articulate, I'm banking on a Trump re-election to hasten that process.

@UW_Doog_Bot can weigh in here, but paying this shit back is gonna be fun, and if we don't and keep printing money, something it seems all administrations like to do now, inflation will rear her ugly mug and then it's high interest rate tim for the country. I don't mind if that happens when I retire, because bond ladders and shit, and because my borrowing days are in the rear-view mirror, but fuck it may come sooner and there are other reasons I like low rates.

I’ve been hearing about how “we” are going to have to pay back the debt my entire life. I’ve been hearing about hyper inflation coming any day now for almost as long.

Must have gotten stuck behind peak oil.

creepycoug

MikeDamone said:

creepycoug said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

Agree with you here, with one giant asterisk that I'm assuming you will agree with, and that is, the government give-aways are barely a band-aid and we can't keeping doing it. The economy and fundamentals of value creation need to be released by whomever it was that let the dogs out. That's what really needs to happen. For reasons I can't quite articulate, I'm banking on a Trump re-election to hasten that process.

@UW_Doog_Bot can weigh in here, but paying this shit back is gonna be fun, and if we don't and keep printing money, something it seems all administrations like to do now, inflation will rear her ugly mug and then it's high interest rate tim for the country. I don't mind if that happens when I retire, because bond ladders and shit, and because my borrowing days are in the rear-view mirror, but fuck it may come sooner and there are other reasons I like low rates.

I’ve been hearing about how “we” are going to have to pay back the debt my entire life. I’ve been hearing about hyper inflation coming any day now for almost as long.

Must have gotten stuck behind peak oil.

We?

NorthwestFresh

creepycoug said:

doogie said:

Let the Screamers scream while Trump gets Tanned Rested and Ready to explain why a direct check to You is better than sending 3x that much to kumo, Inslee and Gaffin to mask their failures.

Agree with you here, with one giant asterisk that I'm assuming you will agree with, and that is, the government give-aways are barely a band-aid and we can't keeping doing it. The economy and fundamentals of value creation need to be released by whomever it was that let the dogs out. That's what really needs to happen. For reasons I can't quite articulate, I'm banking on a Trump re-election to hasten that process.

@UW_Doog_Bot can weigh in here, but paying this shit back is gonna be fun, and if we don't and keep printing money, something it seems all administrations like to do now, inflation will rear her ugly mug and then it's high interest rate tim for the country. I don't mind if that happens when I retire, because bond ladders and shit, and because my borrowing days are in the rear-view mirror, but fuck it may come sooner and there are other reasons I like low rates.

Social Security is a government giveaway. It’s a flawed system of zero growth potential that should put more power of that money’s potential growth into those giving it. I’ll go back again to Dubya’s completely rational idea to let people use 10% of the SS account to perhaps make it grow. Your government believes that money is theirs even before its ever eligible for payouts.

Fuck all Democrats and most Republicans.