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Omaha Steve

(99,659 posts)
Sat Mar 21, 2020, 10:01 PM Mar 2020

Economic rescue tops $1 trillion as negotiations continue

Source: AP

By JONATHAN LEMIRE, LISA MASCARO and ANDREW TAYLOR

WASHINGTON (AP) — Top-level negotiations between Congress and the White House pushed into the night Saturday on a ballooning $1 trillion-plus economic rescue package, as President Donald Trump urged a deal to steady a nation shuttered by the coronavirus pandemic.

With a population on edge and financial markets teetering, all sides indicated a deal is within reach. At issue is how best to keep paychecks flowing for millions of workers abruptly sidelined by the crisis.

Talks also narrowed on a so-called Marshall Plan for hospitals as well as industry loans to airlines and others all but grounded by the virus outbreak and national shutdown. The post-World War II Marshall Plan helped to rebuild Western Europe.

Officials put the price tag at nearly $1.4 trillion and said that with other measures from the Federal Reserve it could pump $2 trillion into the U.S. economy.



In this image from video, Senate Majority Leader Mitch McConnell, R-Ky., speaks on the Senate floor at the U.S. Capitol in Washington, Saturday, March 21, 2020. (Senate Television via AP)


Read more: https://apnews.com/9aeebd670bd0bc320ae6cebd1c17ddf3

19 replies = new reply since forum marked as read
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Economic rescue tops $1 trillion as negotiations continue (Original Post) Omaha Steve Mar 2020 OP
Last I heard 2 trillion Laura PourMeADrink Mar 2020 #1
stop talking dweller Mar 2020 #2
no bailouts for corporations or share holders, only for individuals and employees. Not another msongs Mar 2020 #3
In today's 3rd world-style Washington politics, that would take a miracle. sandensea Mar 2020 #4
Employees and small businesses...the big corps can use the 25% tax cut they've had for 3 years iluvtennis Mar 2020 #7
did you ever wonder DENVERPOPS Mar 2020 #5
A trillion? We can't afford that rockfordfile Mar 2020 #6
We already paid it. It came out of our taxes. All of it to pay debt. Debt is negotiable. ancianita Mar 2020 #12
Can we afford not to? Sapient Donkey Mar 2020 #15
Read 4)trillion this morning on cbs. They want to kill us. notdarkyet Mar 2020 #18
How much did the corporate tax cut cost the country? BigmanPigman Mar 2020 #8
Yes, we can reverse it...but we need majority in both the House and the Senate. nt iluvtennis Mar 2020 #9
If we do win both and pass it BigmanPigman Mar 2020 #10
+ agree. nt iluvtennis Mar 2020 #11
So what. They'll get used to stability again instead of all this austerity drama. ancianita Mar 2020 #13
60% of the money should go to the American people directly as only their spending it can save cstanleytech Mar 2020 #14
Unless these numbers are increased dramatically, duforsure Mar 2020 #16
Democrats, be careful. lark Mar 2020 #17
Last I heard,... LudwigPastorius Mar 2020 #19

msongs

(67,413 posts)
3. no bailouts for corporations or share holders, only for individuals and employees. Not another
Sat Mar 21, 2020, 10:12 PM
Mar 2020

corporate robbery for the 1%

interest rates are dirt low let corporations borrow money against their possessions

sandensea

(21,639 posts)
4. In today's 3rd world-style Washington politics, that would take a miracle.
Sat Mar 21, 2020, 10:17 PM
Mar 2020

But small miracles do happen.

iluvtennis

(19,862 posts)
7. Employees and small businesses...the big corps can use the 25% tax cut they've had for 3 years
Sat Mar 21, 2020, 10:48 PM
Mar 2020

to bail themselves out.

DENVERPOPS

(8,835 posts)
5. did you ever wonder
Sat Mar 21, 2020, 10:21 PM
Mar 2020

why the politician is standing there all alone with no one else anywhere?

They give their speech late at night while they are all alone with their cameraman. That way, when they play it for their constituents back home, their constituents think that he gave the speech to the entire House or Senate. They don't even notice the lack of people. He can say anything he wants and no matter how wrong, there is no one there taking notes or transcripts.........

ancianita

(36,074 posts)
12. We already paid it. It came out of our taxes. All of it to pay debt. Debt is negotiable.
Sat Mar 21, 2020, 11:48 PM
Mar 2020

Human death is not.

Humans are the greatest assets of a nation. Americans create its wealth.

They'd BETTER pay us back what we made and paid. This money is not their money. They want you to think it's their money now, and they're "lending" us back what we already paid in taxes. Why do you think Mnuchin in the Treasury can just come up with a $1trillion? Because it's in the IMF's offshore bank in the Virgin Islands. It's OUR money that they've hoarded.

American wealth is based on American health.

EDIT: Now the offer's $2Trillion.

BigmanPigman

(51,609 posts)
10. If we do win both and pass it
Sat Mar 21, 2020, 10:54 PM
Mar 2020

the GOP and supporters will still hate us and blame us for BS, like they did when Obama and our recent Dem POTUSes saved the day/economy. I wish we could only help those who have enough sense not to vote against their own best interests. It happens over and over and over.....

ancianita

(36,074 posts)
13. So what. They'll get used to stability again instead of all this austerity drama.
Sat Mar 21, 2020, 11:51 PM
Mar 2020

Last edited Sun Mar 22, 2020, 05:26 AM - Edit history (1)

Oh my god! No more apocalypse fantasy! Just peaceful reality!

Let them sweat this. They've had it coming.

We are not what they call us. We are only what we answer to.

We never have to answer to them again.

cstanleytech

(26,293 posts)
14. 60% of the money should go to the American people directly as only their spending it can save
Sun Mar 22, 2020, 12:24 AM
Mar 2020

the economy.
The rest should go to infrastructure spending as it would put a ton of people to work but the corporations should not get any bail out because we already did it once and what did they do?
Bought their stock back, offshored more jobs and kept wages still lower than whats needed for people to be able to do things like be able to stop living paycheck to paycheck not to mention be able to save enough of it for retirement so I say a big FUCK YOU to the corporations wanting a bailout.

duforsure

(11,885 posts)
16. Unless these numbers are increased dramatically,
Sun Mar 22, 2020, 06:12 AM
Mar 2020

We and trump and the gop are screwed , and it'll head us into a possible trump depression from trump and McConnell stiffing the American people ,, and more like 3-4 trillion is needed with a lot more of it going directly to the people or this will fail and will be even worse from their incompetence now. trump and the gop are well aware of this too. Senator Warren is the leader we need now over all this , not pence and trump. Her appointment now would help stabilize the markets well too. Also bring confidence to the American people because trump and pence sure don't. trump and mitch both want to stiff us like trump does to his contractors all the time, and are trying to lower any amounts going to the people , and give it to the large corporations over us.

lark

(23,105 posts)
17. Democrats, be careful.
Sun Mar 22, 2020, 08:37 AM
Mar 2020

They are trying to use this to destroy us. Don't let them touch payroll taxes for us or for business, it's the start of them stealing all of our hard earned money. Don't let them give billions of dollars (for free) to industries that just got billions in tax relief and only used it to enrich themselves. Those co. get loans with interest, not a handout of our money and that includes drumpf.

Don't approve anything that hurts us, or takes away our rights because we will never get them back.

LudwigPastorius

(9,155 posts)
19. Last I heard,...
Sun Mar 22, 2020, 01:04 PM
Mar 2020

any direct payments will be based on income. i.e. you make $150K a year, you get $2,400.00. You make $75K...$1,200. Yo make $30K you get $600.00.

Shouldn't this be the other way around? The less money you make, the less likely you have saved enough to get by.

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