Coronavirus Stimulus Package

[Anonymous No.17676472]

Per Trump's press conference moments ago, he will try to pass a stimulus bill through the Senate tomorrow. What this stimulus entails is, hourly wage earners will essentially still get their paycheck if they are forced to stay home in any form as a result of the Coronavirus. Even Munchin was invited to speak about this during the press conference. If this bill passes, and let's hope it does, will the fear over this novel virus be quelled? It could potentially restore confidence in the indices. Or is it too late, and things will only worsen?

[Anonymous No.17676499]

No you fucking retard, the virus is an excuse. This market was bound to fail soon.

[Anonymous No.17676505]

>>17676472
Wtf why should wagies get to be comfy when I get nothing this is bullshit

[Anonymous No.17676515]

>>17676472
it's a payroll tax cut. they won't get their paychecks.

[Anonymous No.17676520]

>>17676472
>can’t produce goods
>run out of goods
>hospitals overwhelmed so people who are sick can’t get medical attention
>riots, companies going over and people losing jobs
>needlessly deflating the value of the dollar
>it’s ok, hourly workers will get their paychecks
Should work out great.

[Anonymous No.17676522]

>>17676499
>the virus is an excuse

Some of the largest economies in the world have already gone into full quarantine, retard. Nice cope, though, flufag.

[Anonymous No.17676534]

>>17676505
Cause youre a lazy slob.

[Anonymous No.17676578]

time to buy crypto, money is going to worth a little lot less

[Anonymous No.17676597]

Wtf only people with jobs? What ahout neets? We need money too.

[Anonymous No.17676601]

>>17676522
>implying that parabolic growth is sustainable.
Virus may have sped up the process by a few months, but shit was getting shaky a year ago. The whole thing was being fucking milked for every last penny. If the coronavirus didn't exist, the market still would have crashed.

[Anonymous No.17676674]

>>17676499
dilate

[Anonymous No.17676695]

I'm a truck driver paid by the mile. So I guess I'm just gigafucked?

[Anonymous No.17676699]

>>17676505
Pay a little now to save a lot later, retard.

[Anonymous No.17676715]

>>17676578

People are price gouging selling hand sanitizer, bottled water and toilet paper.

God bless Capitalism, comrades.

[Anonymous No.17676724]

>>17676674
Ya i'll be sure to dilate my USD right back into the market for cheap when you're sitting on a mountain of toilet paper and shit tier 5.56.

[Anonymous No.17676747]

>>17676515
Exactly this. This will do absolutely nothing for poor wagecucks that live paycheck to paycheck

[Anonymous No.17676752]

>>17676472
I wouldnt be averse to him passing something to goose up our tax returns. That would be clutch as fuck.

[Anonymous No.17676779]

>>17676505
>comfy
Wagies will keep about $100-200 back per month
Of course, that's assuming they are making paychecks. If they are out and missing work, they aren't even making money anyway

>>17676515
this
they won't get paid, but at least they'll pay 60% less of $0

[Anonymous No.17676801]

>>17676472
Stimulus plans basically mean the worst is yet to come. We’re all totally fucked.

[Anonymous No.17676839]

>>17676752
It’s a tax refund, moron. A return is what you file.

[Anonymous No.17676843]

>>17676472

This is literally UBI. Cuckservates are fucking retarded. I wish there was an actual conservative party in the US. Instead you get to pick liberal or retarded neoliberal.

[Anonymous No.17676858]

>>17676601
Proof?

[Anonymous No.17676873]

>>17676472
>hourly wage earners will essentially still get their paycheck if they are forced to stay home in any form as a result of the Coronavirus
RIP all small businesses. RIP the middle class

[Anonymous No.17676877]

Holy shit NEETs blown out forever

[Anonymous No.17676905]

>>17676472
Why don't we just pay the virus to go away

[Anonymous No.17676918]

wow so the spics and niggers at mcdonalds get a paycheck but none of the white people working everything else get nothing. this is america in 2020.

[Anonymous No.17676925]

>>17676858
google a fucking chart dude. If you think this is sustainable, I don't have any more words. Remember during 2008 everyone thought it was sustainable? A week later and everyone realized they were just being greedy as fuck and knew this was going to happen. The only people who HONESTLY BELIEVE this growth is sustainable have to be insanely retarded. I guaran-fucking-tee people who actually work in finance have been expecting something like this for the last two years.

[Anonymous No.17676929]

>>17676472
>Trump copying what Commiefornians are doing
This going to make the economy irreparable

[Anonymous No.17676935]

>>17676873
>muh small businesses
S shekelsteins

[Anonymous No.17676945]

>>17676843
>>17676873
What's the alternative, though? Just let millions of people lose their job in the midst of a pandemic? That would only exacerbate things. Besides, this stimulus would resonate well with voters and help him win reelection.

[Anonymous No.17676947]

>>17676695
why would you have to stop driving

[Anonymous No.17676950]

>>17676918
>wow so the spics and niggers at mcdonalds
I don't like these people just as much as you do, but implying that only spics and niggers work hourly wage jobs is one of the fucking stupidest things I've ever heard. I'd almost be willing to be that the majority of white trump voters are hourly. I bet that data exists somewhere.

[Anonymous No.17676977]

>thinking the democrats in the senate will approve a huge stimulus package in election year that will make trump look good
lol

[Anonymous No.17676987]

>>17676935
You're a stupid bootlicking faggot. Go eat more McDonald's you wagie piece of human filth.

[Anonymous No.17676996]

>>17676945
>this stimulus would resonate well with voters and help him win reelection.
which is why it'll never get through the senate

[Anonymous No.17676999]

>>17676945
>hurr durr what could possibly go wrong if we fix the bubble we caused by printing money by printing more money

[Anonymous No.17677011]

The payroll tax is a regressive tax to begin with. We should have the ultra wealthy foot the bill.

[Anonymous No.17677021]

Bitcoin doesn't need a stimulus package

[Anonymous No.17677027]

>>17676945
Hike rates. Hikes rates. Hikes rates. Should have been done a long time ago. Hike rates now and deal with the shitty part now instead of dragging it out.

[SNSS Anon !!BCTebESNF7d No.17677040]

>>17676925
How old are you, dude? Do you remember what happened in the 90s and early 2000s? It is completely sustainable. Check out /smg/ sometime, zoomer.

[Anonymous No.17677067]

>>17676695
its a payroll tax deduction, so if you're paid W2 corporate will pay less on the payroll tax automatially taken from salary (and if you're lucky pass the whole thing to you normally payroll is 50% enployee 50% employer)

if you're 1099 self employed, we pay both ends of the FICA tax so it's a straight forward tax cut. cool.

[Anonymous No.17677096]

>>17676935
You can tell how healthy an economy is by seeing how easy it is to:

1. Open/start a business
2. How well those small businesses profit

A small business is one of the few ladders where a person of lower class can climb up to middle and upper class. A government that tries its best to kill small businesses is doing so to trap people in the lower class and grow the plantation of poor people asking for welfare. While minimum wage laws make the lower class earn a bit more, it is making the lower class earn less in the long run as these laws make it difficult for them to open a small business and evolve into the middle class.

Also laws that hurt the small businesses also help the mega corporations as they have the money to pay these increased wages and with their investments into AI and robots, they don't get hurt by these labor laws at all. So in the end small business owners and the middle class will become ERADICATED.

[Anonymous No.17677103]

>>17676987
Too bad about your brilliant business idea, guess it'll never be bought by a big company now.

[Anonymous No.17677149]

>>17677040
No, I don't remember. Have done a fuck ton of research though. Not claiming to be a professional in this area however. I do browse /smg/ quite a bit as well. Plan on shifting my crypto stack to traditional investments once I cash out in a few years.
>It is completely sustainable.
There's no way. Literally no fucking way. How can something like this be sustainable when people my age can't even afford housing. They can't afford to have children. They can't afford to go to college. The federal minimum wage hasn't risen since the 70s adjusted for inflation. In ten years, who do you think is going to buy these stocks at these prices? Who do you think is going to buy your house that has been rising in price for the past 12 years? Not younger people, that's for damn sure, because they are broke as a joke. Long term growth is sustainable, yes. But the extreme growth we've seen in the past few years during the same time that the entirety of younger generations being absolutely butt fucked? Hell, even 15 years ago wages weren't as fucked and people could afford to invest. I bet if you asked any millennial how much they have in their accounts it would be less than $5k. Lol dood, no way. No fucking way.

[Anonymous No.17677170]

>>17676996
But the senate is Republican majority, and it is in their best interest for Trump to get reelected, not for the Democrat nominee to get elected.

[Anonymous No.17677206]

>>17677149
>Who do you think is going to buy your house that has been rising in price for the past 12 years?
10 mexicans who work all day for half the price of a whitey

[Anonymous No.17677219]

>>17676695
Start driving vaccines or something for the Natioanl Guard? idk?

[Anonymous No.17677235]

>>17676873
I just realized if that was the case, there would be people that would literally bug-chase the virus so they could get paid to stay home in quarantine.

[Anonymous No.17677255]

>>17676999
But what does it matter? As the global indices are crashing investors are now more than ever demanding US treasury bonds. By this fact alone we can continue printing money with no major repercussions, as the world still feeds from our hands. Inflation isn't the problem, debt is.

[Anonymous No.17677259]

>>17676947
States start getting quarantined, no freight, no un/loaders, I get sick myself, etc.

[Anonymous No.17677277]

>>17676977
>not realizing the Republicans are the majority in the Senate
>not realizing a bill needs only a simple majority to win

To respond to my posts ever again.

[Anonymous No.17677325]

>>17676945

Better than then losing their jobs AND their savings being worthless due to more loose money policy.

The government either needs to accept that a global reserve currency is going to be deflationary, or actually spend money on things that actually help people like infrastructure or healthcare, not just hand it out in gimmis to try to buy elections.

[Anonymous No.17677343]

>>17677235
Hope not. The news doesn't really mention where this hourly pay will come from. Will the government foot the bill, or is the law going to force the small businesses to pay their employees sitting on their asses?

If the latter, +50% of small businesses in America will close for bankruptcy.

[Anonymous No.17677344]

>>17676472
How does dumping money into the system at a time of decreased productivity fix the problem though. Cost fo goods will just increase to match increased money supply and increased scarcity of commodities.

[Anonymous No.17677408]

Tax cuts will work... as long as people aren't going to be trapped in their houses and willing to go out XD

[Anonymous No.17677443]

>>17677343
Well they can just do what they've been doing and borrow the money from chi-

oH wAiT

[Anonymous No.17677456]

>>17677344
I think Trump just wants to keep the bubble going until the elections.

[Anonymous No.17677469]

>>17677443
oH FUCKK!!

[Anonymous No.17677474]

>>17676522
>Some of the largest economies in the world have already gone into full quarantine, retard. Nice cope, though, flufag.

[Anonymous No.17677500]

lmao, passing a bill through the senate is jack shit, it would have to pass congress and there's no way congress will authorize a payroll tax cut. Fucking Trump and his jew cronies doing EVERYTHING they can to put us deeper into a deficit. Great idea Trump! Tax cuts fix everything!

[Anonymous No.17677539]

>>17676779
A payroll tax has nothing to do with wagies. The tax break is for businesses only. Wagies dont pay payroll tax only the business does. Wagies pay income tax.

[Anonymous No.17677544]

>>17677500
If Democrats had their way they would spend more on welfare to help people. What's the difference on our deficit?

[Anonymous No.17677571]

>>17677344
that's economics 101 but the real world is a little more complicated than that, money has been dumped in tot he system for a decade now without significant inflation

supply of goods and inputs is essentially unlimited now because of the globalised market. the only thing that inflates is real estate and equities

[Anonymous No.17677578]

Gosh darn, if only the US had a progressive social system that forced employers to give their workers paid sick leave and vacations. If only we lived in a society that valued work as well as valuing time off from work when you're ill or want a vacation. If only... but no, because of this shitty system people are living paycheck to paycheck and one week of missed work means their rent checks bounce, means they get evicted, means their utilities get shut off because they don't get paid anything if they don't show up to work due to illness.

China can contain the virus because they don't have this issue, their gov't is authoritarian and can literally weld people into their homes to prevent them from leaving and you can't do jack shit. This outbreak is probably going to be worse here than it was in fucking China, the epicenter.

[Anonymous No.17677655]

>>17677578
no question it's going to be worse in the US, you idiots are charging $2.5k for the test alone when every other country is doing it for free. even if the gov guarantees their $7/hr wage while they are sick they still can't access the medical system

[Anonymous No.17677667]

>>17677578
I can get the morality behind paid sick leave but paid vacation is just "free shit"

[Anonymous No.17677683]

>>17677578

You'll never be a real woman, tranny.

[Anonymous No.17677689]

>>17677667
why not? The vast majority of the world does this and they don't have many issues. I can get making exceptions for businesses with >100 employees or something like that, but major corporations have all the ability in the world to provide paid vacations to their workers.

[Anonymous No.17677703]

>>17676999
The bubble wasn't caused by printing money. It was caused by millennials and boomers using low interest rates to buy debt and hodl on shit coins and shit stocks instead of reinvesting it in their local communities and businesses.

THE FED LITERALLY GAVE US OVER A DECADE OF FREE MONEY AND ALL WE DID WAS BUY SHIT COINS WITH IT AND TRY TO "MAKE IT" LIKE A RICK ROSS VIDEO

FUCK I HATE YOU ALL SO MUCH

[Anonymous No.17677712]

>>17677683
Ah yes, the typical /pol/cel tranny strawman. Real nice work buddy, great argument!

[Anonymous No.17677718]

>>17676472
Reeeeee i need to get a retail job asap. Screw trying to find a good paying job with my worthless college degree. Ive been unemployed for over half a year! At least if i get a minimum wage job and corona gets serious i can neet it up with money!!!!

[Anonymous No.17677743]

>>17677103
huh? No I'm not ever selling out I'm staying right here. I do what i like I'm not trying to boom to the moon on some half baked get rich quick scheme I just make a quality product and sell it locally. You know, a business? Work? Is any of this making sense to you?

[Anonymous No.17677758]

>>17676472
>fear over this novel virus be quelled?
Lol this bill admits defeat. Ramp up fear cause dow is going to 100.

>>17676505
Ive been unemployed for over half a year and havent been able to get a job. If something happens i cant even get an interview if quarantines happen in the usa.

[Anonymous No.17677800]

They better keep those wagies in the amazon warehouses working. The rest can have a little break

[Anonymous No.17677815]

First he was trying to downplay it because he saw it as a threat to his re-election, now he's trying to get on top of it and use it to get him re-elected. Isn't politics fun?

[Anonymous No.17677842]

>>17676472
>hourly wage earners will essentially still get their paycheck if they are forced to stay home in any form as a result of the Coronavirus
he didn't say this shit you fucking idiot. He said he was working on a payroll tax exemption which, if passed, would mean an exemption for the employer and they would be expected to (acting in good faith) pass it on to the employee by still paying them their ducats. I'll give you 3 guesses what will actually happen

[Anonymous No.17677863]

>>17677842
I become gay

[Anonymous No.17677872]

>>17676578
Crypto is also tanking.

[Anonymous No.17677874]

>>17677743
Not during the current circumstances, no.

[Anonymous No.17677879]

>>17677863
you're already gay anon and what happens is the employer pockets the money and replaces the employee who took time off.

[Anonymous No.17677903]

>>17677842
Lol most of them are going to keep it.

[Anonymous No.17677905]

>>17677879
fuck

[Anonymous No.17677938]

>>17677149
I've got over $90k emergency fundu saved, and around $140k for my 2 kid's futures. You just need to get a job that isn't shit-tier, and that may require a bit of work to get. Sorry, it won't be automatically awarded to you.
You can continually blame everthing else for your own shortcumings, or you can stop being a hysterical faggot, and maybe someone will hire you.
>t. former hysterical blame fag

[Anonymous No.17677978]

>>17677842
there is no need for that kind of hostility anon especially when you are wrong, he is trying to guarantee the wages of hourly workers

https://edition.cnn.com/2020/03/09/politics/donald-trump-economic-response-markets-coronavirus/index.html

inb4 you call CNN fake news

[Anonymous No.17678003]

>>17677235
I'm going to lick train seats tomorrow
wish me luck gaybois

[Anonymous No.17678062]

>>17677938
Dude I joined the military at 18, and I'm almost halfway to retirement with a steady as fuck pension. I also have $140k networth at 24 years old. I'll be fine. I'm talking about my fellow millenial fags. It's okay to be concerned for others.

[Anonymous No.17678086]

>>17677978
>Trump pushes payroll tax cut and assistance for hourly workers in coronavirus economic response
>A senior administration official told CNN on Monday the White House is reconsidering the possibility of major economic stimulus legislation, though Trump and his top economic adviser Larry Kudlow both indicated Friday the White House wasn't interested in such a move.
>The President has been privately downplaying the seriousness of the coronavirus epidemic, insisting that it will be short-lived and over within a couple of months.
>Kudlow's predecessor at the National Economic Council, Gary Cohn, told CNN on Monday that the government will likely need to bail out airlines if the coronavirus crisis persists and that monetary stimulus will not help ease the economic pain.
Don't be dense and read thru the lines anon. Literally from your article. He said the shit about a possible stimulus to fluff the poorfags a bit who are scared, but they really don't give a shit about them. He means a payroll cut to help companies and a bailout eventually if things get real bad. Poorfags and wagies can drop dead in their eyes

[Anonymous No.17678111]

>>17676695
you have like zero risk idiot. you are literally driving alone living in your private own truck

[Anonymous No.17678171]

>>17677655
Bitch more boomer. I get a month of paid paternity leave, 160 hours of PTO, 40 hours of family sick leave, and unlimited paid sick days.

[Anonymous No.17678188]

>>17678086
the point is he said it and that you are posting like you're still on /b/

[Anonymous No.17678258]

>>17678188
>what happens is the employer pockets the money and replaces the employee who took time off.
here's what I said. Trump only confirmed a payroll tax exemption was in the works. We know how that's gonna turn out because we have multiple examples of trickle down never trickling down. The other nebulous shit will fail to materialize as is par for the course with DC. And I'll post however I want you bitch

[Anonymous No.17678735]

>>17677040
The 90s where a shorter bullrun ended in a crash that took the nasdaq 13years to recover? The 2000s where a 5 year bullrun ended in the GFC?

Yes, I'd say we're due for a crash

[Anonymous No.17678865]

>>17676520
The dolar is still stable and worth more than other currencies.
We'll survive this one.

[Anonymous No.17678886]

>>17676858
Jesus you have to go back

How’d you even stumble across this board anyway? Took a wrong turn?

[Anonymous No.17678890]

why does this seem entirely insubstantial

[Anonymous No.17678910]

>>17678171
.gov is good

[Anonymous No.17678940]

>Defund CDC, healthcare, and public services
>Oopsie toopsie we has a fucky wucky virusuwu
>End up spending 50 times the initial amount you saved slashing budgets because it's all last minute and already out of control
GG republicucks dis 7D chess 3spicy5me

[Anonymous No.17678942]

>>17676873
He also literally said they were looking I to loans for small businesses. Keep up.

[Anonymous No.17678962]

>>17676505
let me coof in your mouth

[Anonymous No.17678995]

>>17678942
From where is this money coming from?

[Anonymous No.17679012]

>>17676472
All this Virus was used for was that the Elite Cucks can find a scape goat to crash the economy.

[Anonymous No.17679049]

>>17678995
From out of your fucking wallet you giant, mouthbreathing faggot.
That's right you Boomer, the poors are gonna take all that money you "worked so hard for."

Seriously. Just go fucking end yourself. This is a giant, global catastrophe. Just them letting this out is a giant red flag. The only other option is letting the entire US know they're 100% fucked and there will be anarchy.

[Anonymous No.17679066]

>>17677149
Based, but

>>17678062
>(((muh pension)))
How can you say all that about the sham economy, but then talk about your awesome pension? that shit might not be there once this whole circus act is all finished & the curtains drawn

[Anonymous No.17679125]

>>17677758
>unemployed for over half a year and havent been able to get a job.
Friendly reminder you are competing with 30 million illegals and HB2 holders.

[Anonymous No.17679197]

>>17676472
Helicopter money is here

[Anonymous No.17679213]

>>17676472
is this why futures are so fucking high now or is that just fed fuckery?

[Anonymous No.17679236]

>>17678995
I think they're just going to create it, like always, and we know how that always ends.

[Anonymous No.17679261]

>>17677872
not for long.

[Anonymous No.17679267]

>>17676472
neets need money too. wtf happens if we get sick? Trump needs to fix this.

[Anonymous No.17679280]

>>17677842
>employer and they would be expected to (acting in good faith)

[Anonymous No.17679355]

>>17677539
>Wagies dont pay payroll tax
have you never had a job?

[Anonymous No.17679477]

>>17676925
>1900
>Dow hits 80 points
>This is the top gentlemen!!!

[Anonymous No.17679513]

>>17679213
The slingshot move?

[Anonymous No.17679534]

>>17677842
>He said he was working on a payroll tax exemption which, if passed, would mean an exemption for the employer and they would be expected to (acting in good faith) pass it on to the employee by still paying them their ducats.

pic related my face

[Anonymous No.17679543]

>>17679049
This

[Anonymous No.17679553]

>>17679534
KHAZAR MILKERS

[Anonymous No.17679566]

Hello friends *ting ting* it’s me. Excuse me please for a brief announcement.

Fuck boomers
Fuck jannies
Fuck trannies
Fuck Jews
Fuck nuggets
Fuck jeets
Fuck Jewish tranny jannies
Fuck the stock market
Fuck the economy
Fuck the corona virus
Fuck Winnie the Pooh.

[Anonymous No.17679623]

>>17679553
Here's some more, Also FUCK JANNIES.

[Anonymous No.17679638]

>>17679623

[Anonymous No.17679726]

>>17679638

[Anonymous No.17679915]

>>17677938
truly financial fags are parasites. Some dipshit like you without a sense of purpose or principle goes to work for a large firm as one of their monkeys, does something a computer will do in 10 years, and makes bank for it. A janitor is more essential to society than you, and they make 25k a year. Hopefully it all comes tumbling down just so we can see former wall street brokers resorting to selling their waxed assholes to crack dealers in the bronx

[Anonymous No.17680074]

>>17677474
the jew media wasn't even acknowledging da flu until it went critical mass and G L O B A L S A T U R A T I O N level

[Anonymous No.17680148]

>>17676752
you have to be 18 to post here zoomer

[Anonymous No.17680180]

>>17679915
based

[Anonymous No.17680234]

>>17676715
If only we had communism. Then no one would have anything to price gouge with

[Anonymous No.17680260]

>>17676843
>This is literally UBI
lol where did all these retards come from? Brainlets like this guy shitting up the board is the true epidemic we need to deal with

[Anonymous No.17680288]

>>17677096
Based.

[Anonymous No.17680307]

>>17677712
Trannydiscord is that way ---->

[Anonymous No.17680334]

>>17678258
Get a job faggot, then you can also benefit from tax cuts.

[Anonymous No.17680388]

>>17680260
Best to browsing on here starts in 4 hours & will last about 4 hours.

[Anonymous No.17680429]

>>17677277
The bill has to go through the house as well. The house is majority democrat.

[Anonymous No.17680440]

>>17676505
NEETs on suicide watch

[Anonymous No.17680441]

>>17680234
Communism is like the 1930s US under capitalism, no one has anything!

[Anonymous No.17680488]

>>17676472
Why does the girl on the right get a crown? I want a crown.

[Anonymous No.17681007]

>>17677096
Good post