12/2/20

Politicians Consider Stimulus Plans to Motivate 1%

 Federal politicians are considering a stimulus plan to help get the economy going through the Covid 19 era that would in some way accelerate the concentration of wealth upwardly. Thus the concept of just providing another $1200 payment to all Americans earning fewer than $40,000 annually was thrown out because those Americans would probably spend the money right away and buy things that would make life easier. Instead large checks to and loans that needn't be repaid will go to small businesses like the L.A. Lakers and others struggling to make it to another NBA final later this month. Personally I hope the Lakers win another championship and a Covid 19 relief check and zero interest loans might help them rehab Boogie Cousins or sign a 9th round draft choice.

https://www.cnbc.com/2020/12/02/mcconnell-schumer-far-apart-on-unemployment-benefits-stimulus-plans.html

It is important to take another few months to find a way to send a stimulus plan that is just perfect because there won't be any time to fix anything wrong with it the next four years. Especially since Democrats may take the Senate and find a way to send help to government union workers that have the worst jobs in the U.S.A. with terrible retirement benefits, Speaker Pelosi needs to get that right.  

Especially since no one really understands what the Federal Public Debt means since it has no real material basis anymore like gold, and trillions have been given  to the rich banks along with zero interest rates since the 2008 financial crisis taking several more months to craft a splendid bill works. It is possible that some special pens will be designed to sign the bill into law when the final t's are crossed and i's dotted and the public can read about what's in it. People that have become homeless during the crisis or that were denied unemployment compensation for one reason or another might prefer that those that were prosperous before the crisis receive the most and fasted relief money from the U.S. Government being patriotic and all as they are  confident that the rich are looking out for them.

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