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

Comments

  • Goduckies
    Goduckies Member Posts: 7,989 Standard Supporter
    Is this from Krugman? How did that prediction go last time.
  • LebamDawg
    LebamDawg Member, Swaye's Wigwam Posts: 8,792 Swaye's Wigwam

    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
    Postal91 Member Posts: 1,895

    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
    Bob_C Member, Swaye's Wigwam Posts: 12,709 Founders Club
    Of course it won’t do much. What would do a lot is opening the fucking economy.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    Postal91 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
    NorthwestFresh Member Posts: 7,972
    Gee, how about doing nothing like your Democrats? Who needs healthily small businesses when we can all just work at Costco and WalMart.

  • MelloDawg
    MelloDawg Member Posts: 6,852
    edited August 2020
    Postal91 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
    doogie Member Posts: 15,072
    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
    doogie Member Posts: 15,072
    People without jobs or not at risk of ever working one again, aren’t going to worry about a payroll tax
  • NorthwestFresh
    NorthwestFresh Member Posts: 7,972
    MelloDawg said:

    Postal91 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
    MelloDawg Member Posts: 6,852
    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.
  • MelloDawg
    MelloDawg Member Posts: 6,852
    edited August 2020

    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
    doogie Member Posts: 15,072
    MelloDawg 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
    creepycoug Member Posts: 24,066
    edited August 2020
    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
    MikeDamone Member Posts: 37,781
    edited August 2020

    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
    creepycoug Member Posts: 24,066

    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
    NorthwestFresh Member Posts: 7,972

    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.
  • creepycoug
    creepycoug Member Posts: 24,066
    edited August 2020

    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.
    What's my post have to do with SS?

    Intellectually, I agree with your take on SS. Entirely.

    Pragmatically, I don't because I know actual people. If you wiped out everyone I knew before starting my professional life, it wouldn't be a concern. If you count all the people I knew before, and I still know them, at least 80% of those people would be fucked without it. You have to know a little bit about what you're doing in the market and a lot of people don't.

    Sure, it's government baby sitting which fundamentally goes against my beliefs. But it's limited and I think we're generally better off with it. So, so, so many people would be fucked without it.
  • MelloDawg
    MelloDawg Member Posts: 6,852

    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.
    What's my post have to do with SS?

    Intellectually, I agree with your take on SS. Entirely.

    Pragmatically, I don't because I know actual people. If you wiped out everyone I knew before starting my professional life, it wouldn't be a concern. If you count all the people I knew before, and I still know them, at least 80% of those people would be fucked without it. You have to know a little bit about what you're doing in the market and a lot of people don't.

    Sure, it's government baby sitting which fundamentally goes against my beliefs. But it's limited and I think we're generally better off with it. So, so, so many people would be fucked without it.
    Yes, and a president saying 3 months before an election he will get rid of a payroll tax which contributes to social security doesn’t seem wise and could move the needle for voters in swing states if they buy into the spin.

  • NorthwestFresh
    NorthwestFresh Member Posts: 7,972
    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.

    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.
    What's my post have to do with SS?

    Intellectually, I agree with your take on SS. Entirely.

    Pragmatically, I don't because I know actual people. If you wiped out everyone I knew before starting my professional life, it wouldn't be a concern. If you count all the people I knew before, and I still know them, at least 80% of those people would be fucked without it. You have to know a little bit about what you're doing in the market and a lot of people don't.

    Sure, it's government baby sitting which fundamentally goes against my beliefs. But it's limited and I think we're generally better off with it. So, so, so many people would be fucked without it.
    Yes, and a president saying 3 months before an election he will get rid of a payroll tax which contributes to social security doesn’t seem wise and could move the needle for voters in swing states if they buy into the spin.

    You do realize that tens of millions can’t pay bills right now, right? @creepycoug seems to be an elitist who for some reason wants people to suffer, but what’s your excise? You’re from a wealthy family?
  • creepycoug
    creepycoug Member Posts: 24,066
    edited August 2020

    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.

    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.
    What's my post have to do with SS?

    Intellectually, I agree with your take on SS. Entirely.

    Pragmatically, I don't because I know actual people. If you wiped out everyone I knew before starting my professional life, it wouldn't be a concern. If you count all the people I knew before, and I still know them, at least 80% of those people would be fucked without it. You have to know a little bit about what you're doing in the market and a lot of people don't.

    Sure, it's government baby sitting which fundamentally goes against my beliefs. But it's limited and I think we're generally better off with it. So, so, so many people would be fucked without it.
    Yes, and a president saying 3 months before an election he will get rid of a payroll tax which contributes to social security doesn’t seem wise and could move the needle for voters in swing states if they buy into the spin.

    You do realize that tens of millions can’t pay bills right now, right? @creepycoug seems to be an elitist who for some reason wants people to suffer, but what’s your excise? You’re from a wealthy family?
    Seems like you have your cock stuck in your mouth. Seems like that’s been happening a lot lately.

    It does warm my heart to know you’re such a man of the people and perfectly comfortable with the government taking my tax money - I haven’t received a dime - to help people who apparently weren’t taught to save for a rainy day. Sounds like you’re primed for communism. Statist.
  • Sledog
    Sledog Member Posts: 37,825 Standard Supporter
    edited August 2020
    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.

    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.
    What's my post have to do with SS?

    Intellectually, I agree with your take on SS. Entirely.

    Pragmatically, I don't because I know actual people. If you wiped out everyone I knew before starting my professional life, it wouldn't be a concern. If you count all the people I knew before, and I still know them, at least 80% of those people would be fucked without it. You have to know a little bit about what you're doing in the market and a lot of people don't.

    Sure, it's government baby sitting which fundamentally goes against my beliefs. But it's limited and I think we're generally better off with it. So, so, so many people would be fucked without it.
    Yes, and a president saying 3 months before an election he will get rid of a payroll tax which contributes to social security doesn’t seem wise and could move the needle for voters in swing states if they buy into the spin.

    Look at your check. If you get one for work. Federal payroll tax is listed separately from SS deductions. So is medicare, state tax yada yada yada. If you got a check, ever, you'd know this.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,709 Founders Club
    edited August 2020
    w
    Gavin claiming all over the press an extra $100 would cost California $700m/week. So there are 40m people in CA, a good chunk under 18, a good chunk over 65, a nice chunk housewives. A few people still have jobs still. 7m people are really on unemployment? No fucking way.

    Anyone wanna call bullshit on that number? In any case there’s a way to get that number down.
  • Goduckies
    Goduckies Member Posts: 7,989 Standard Supporter
    300k uber drivers alone
  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,739 Founders Club
    Goduckies said:

    300k uber drivers alone

    @PurpleBaze true?!?!?!?!!?