Mar 22, 2020, 12:11 pm
(This post was last modified: Mar 22, 2020, 14:32 pm by Resurgence. Edited 7 times in total.)
US Treasury Secretary Steven Mnuchin has announced that the Federal Reserve will be allowed to leverage up to $4 trillion of liquidity to support the country’s economy amid a worsening coronavirus crisis.
Mnuchin said on Sunday that the coronavirus economic relief bill being finalized in Congress will also include a one-time $3,000 payment for families. This is the average for a family of four. So smaller families will receive less.
[They throw that number out there, but the truth is that MOST people will receive less than that. Also, they mention families - what about individuals? Why can't they be direct and tell everyone exactly what they might receive? It wouldn't look as good to announce: "We care about the people in this pandemic and we have been working hard on a plan to help you so we ask for $4 trillion liquidity for the Fed. The citizens will receive a ONE-TIME payment of $500 to $1,000."]
He said the additional liquidity measures for the Federal Reserve aims to help a broad base of American businesses to get through next 90 to 120 days.
The United States is enduring its own fast-growing coronavirus crisis that has seen businesses shut down en masse, workers laid off overnight, schools close and millions of people adjusting to life confined to their homes.
Major states in the United States are implementing stay-at-home directives as the coronavirus death toll nationwide has surged past 300.
There are now over 26,000 confirmed cases in the US and the disease has, so far, killed more than 326 people.
US officials were first saying that the coronavirus stimulus package being negotiated by the US Senate would be worth around $1.3 trillion or $1.4 trillion.
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Bernie recently announced $2,000 for citizens during the pandemic.
The establishment thought they had to one-up him, so they use the amount of $3,000 for their plan (despite the fact that most will receive less than that).
They don't want to lose face, so they are willing to throw out a few crumbs. I'm sure it grieves them immensely to give out any amount to the people.
This is an important time to be pushing for UBI and more payments to the people.
Next, I think Bernie should suggest $5,000 a month for citizens during the pandemic.
https://www.presstv.com/Detail/2020/03/2...-announces-$4-trillion-liquidity-for-Fed
https://www.ibtimes.com/coronavirus-econ...ry-2944394
Mnuchin said on Sunday that the coronavirus economic relief bill being finalized in Congress will also include a one-time $3,000 payment for families. This is the average for a family of four. So smaller families will receive less.
[They throw that number out there, but the truth is that MOST people will receive less than that. Also, they mention families - what about individuals? Why can't they be direct and tell everyone exactly what they might receive? It wouldn't look as good to announce: "We care about the people in this pandemic and we have been working hard on a plan to help you so we ask for $4 trillion liquidity for the Fed. The citizens will receive a ONE-TIME payment of $500 to $1,000."]
Quote:Under one component of the plan a "significant package working with the Federal Reserve will have up to $4 trillion of liquidity that we can use to support the economy," Mnuchin told "Fox News Sunday."
He said the additional liquidity measures for the Federal Reserve aims to help a broad base of American businesses to get through next 90 to 120 days.
The United States is enduring its own fast-growing coronavirus crisis that has seen businesses shut down en masse, workers laid off overnight, schools close and millions of people adjusting to life confined to their homes.
Major states in the United States are implementing stay-at-home directives as the coronavirus death toll nationwide has surged past 300.
There are now over 26,000 confirmed cases in the US and the disease has, so far, killed more than 326 people.
US officials were first saying that the coronavirus stimulus package being negotiated by the US Senate would be worth around $1.3 trillion or $1.4 trillion.
-----------------------------------------------------
Bernie recently announced $2,000 for citizens during the pandemic.
The establishment thought they had to one-up him, so they use the amount of $3,000 for their plan (despite the fact that most will receive less than that).
They don't want to lose face, so they are willing to throw out a few crumbs. I'm sure it grieves them immensely to give out any amount to the people.
This is an important time to be pushing for UBI and more payments to the people.
Next, I think Bernie should suggest $5,000 a month for citizens during the pandemic.
https://www.presstv.com/Detail/2020/03/2...-announces-$4-trillion-liquidity-for-Fed
https://www.ibtimes.com/coronavirus-econ...ry-2944394