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Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?

 
Anonymous Coward
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08/09/2020 07:36 PM
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Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Donald Trump’s top economic adviser seemed to have a difficult time explaining the specific details behind the president’s latest executive orders, which were aimed at providing coronavirus relief measures after negotiations stalled in Washington.

The executive orders would cut additional government unemployment benefits provided during the pandemic from $600 to $400, and offer a payroll tax holiday for millions of Americans, which Mr Trump said he would make permanent if reelected in November.

But none of that was entirely clear when Larry Kudlow, the White House’s director of the National Economic Council, spoke to CNN’s Dana Bash on Sunday morning.

Mr Kudlow asserted the president’s orders on unemployment benefits would actually provide $800 to Americans who lost work due to the pandemic — even though Mr Trump’s measures would offer just half of that amount.

He went on to claim Americans would receive as much as $1,200 under the new measures when asked when the first relief checks would be received, saying: “I don’t want to be as specific as you might hold me to it, as you should, but I think it’s going to be in a couple of weeks, and I think it’s going to come to about $1,200 per person — that’s a huge wage increase.”

The economic adviser’s answer did not provide a specific timeline, or include the fact that the federal government will only pay $400 while requiring states to pay 25 percent. Moreover, it is not possible for someone on unemployment benefits to earn a “wage increase” as they are not working and have no wages to begin with.

“You keep saying $1,200 per person, are you talking about in addition to the unemployment that they’re already getting?” Ms Bash asked Mr Kudlow.

“No, that’s the payroll — no, I’m sorry, I beg your pardon, the $1,200 will come from the payroll tax deferral, on top of this — yeah, I’m sorry,” Mr Kudlow responded.

He then once again asserted that unemployment benefits would amount to “$800 bucks,” leaving the anchor appearing confused.

“$800 or $400?” she asked.

“No, it should be four — it should be $800,” Mr Kudlow said. “If the states step up, we’re prepared to match, that should come out $400 federal, $400 states.”

Ms Bash then moved on from the issue, telling Mr Kudlow: “Okay, we’ll move on because I think this is not what the president said and it’s a bit confusing, and I think the fact that it’s not entirely known is very telling.”

[link to www.independent.co.uk (secure)]
Anonymous Coward
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08/09/2020 07:39 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Donald Trump’s top economic adviser seemed to have a difficult time explaining the specific details behind the president’s latest executive orders, which were aimed at providing coronavirus relief measures after negotiations stalled in Washington.

The executive orders would cut additional government unemployment benefits provided during the pandemic from $600 to $400, and offer a payroll tax holiday for millions of Americans, which Mr Trump said he would make permanent if reelected in November.

But none of that was entirely clear when Larry Kudlow, the White House’s director of the National Economic Council, spoke to CNN’s Dana Bash on Sunday morning.

Mr Kudlow asserted the president’s orders on unemployment benefits would actually provide $800 to Americans who lost work due to the pandemic — even though Mr Trump’s measures would offer just half of that amount.

He went on to claim Americans would receive as much as $1,200 under the new measures when asked when the first relief checks would be received, saying: “I don’t want to be as specific as you might hold me to it, as you should, but I think it’s going to be in a couple of weeks, and I think it’s going to come to about $1,200 per person — that’s a huge wage increase.”

The economic adviser’s answer did not provide a specific timeline, or include the fact that the federal government will only pay $400 while requiring states to pay 25 percent. Moreover, it is not possible for someone on unemployment benefits to earn a “wage increase” as they are not working and have no wages to begin with.

“You keep saying $1,200 per person, are you talking about in addition to the unemployment that they’re already getting?” Ms Bash asked Mr Kudlow.

“No, that’s the payroll — no, I’m sorry, I beg your pardon, the $1,200 will come from the payroll tax deferral, on top of this — yeah, I’m sorry,” Mr Kudlow responded.

He then once again asserted that unemployment benefits would amount to “$800 bucks,” leaving the anchor appearing confused.

“$800 or $400?” she asked.

“No, it should be four — it should be $800,” Mr Kudlow said. “If the states step up, we’re prepared to match, that should come out $400 federal, $400 states.”

Ms Bash then moved on from the issue, telling Mr Kudlow: “Okay, we’ll move on because I think this is not what the president said and it’s a bit confusing, and I think the fact that it’s not entirely known is very telling.”

[link to www.independent.co.uk (secure)]
 Quoting: Anonymous Coward 79099625


hey...immuh hav a lil fuckin dwinky phoo....so ....cheerzzz thoo woo.
Katipo2017

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08/09/2020 07:42 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Tree fiddy?
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08/09/2020 07:45 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Tree fiddy?
 Quoting: Katipo2017


Here's the video:



If you can buy a bottle of vodka for $3.50, Larry wants it.
Anonymous Coward
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08/09/2020 07:47 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Tree fiddy?
 Quoting: Katipo2017


Here's the video:



If you can buy a bottle of vodka for $3.50, Larry wants it.
 Quoting: Anonymous Coward 79099625


“$1,200. Well, at a minimum, we will put in 300 bucks and the states will continue with their 400 bucks,” he exclaimed. “But I think all they have to do is put up an extra dollar and we’ll be able to throw in the extra $100. So it should be — may not be in every case because, as you know, we’re talking averages. Some states higher, some states lower. But on average, Dana, it’ll run to about $800.”

Wut?

1dunno1
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08/09/2020 07:56 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
This man should be put in front of firing squad...and even then I would contemplate if I should waste the bullet.
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08/09/2020 08:01 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
$800-$600+$400=POTATO
Tubbs

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08/09/2020 08:02 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
vodka5
Is This The Real World Or Is It Just Fantasy.
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08/09/2020 08:06 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Man watching that bitch you can see how CNN tries to bring forth a gotcha question ? Larry was having none of it. lmao
Anonymous Coward
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08/09/2020 08:20 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
$800-$600+$400=POTATO
 Quoting: Anonymous Coward 71375307


800 + 400 = 1200.

einstein-duh11
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08/09/2020 08:24 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
LARRY KUDLOW: The president felt he had to take action on an eviction moratorium.

STEPHANOPOULOS: But his executive order doesn't actually include an eviction moratorium.

KUDLOW: ... look, that's not entirely true.

STEPHANOPOULOS: It is true. I just read it.

No, it is not true. Read it for yourself:

[link to www.whitehouse.gov (secure)]
Anonymous Coward
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08/09/2020 09:09 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
That was confusing but I think that I understand what he was getting at. The $800 figure is what they believe is the total for state and fed combined. The order provides a mechanism for $400 + and that's on top of what states are already providing. Total benefit of $800 (weekly) is achievable in states like California.
Anonymous Coward
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08/09/2020 09:12 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
His $1200 comment was on the subject of the tax holiday. Conceivably, some could get a total boost of that much over the rest of the year. Trump will have to begin campaigning on getting Congress to forgive it though.
Anonymous Coward
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08/09/2020 10:14 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
His $1200 comment was on the subject of the tax holiday. Conceivably, some could get a total boost of that much over the rest of the year. Trump will have to begin campaigning on getting Congress to forgive it though.
 Quoting: Anonymous Coward 78247049


LOL...so everyone will receive precisely $1200 as a benefit from the payoll tax deferral? That's your explainer?

How many bottles of vodka have you emptied so far today?
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08/09/2020 11:06 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
Donald Trump’s top economic adviser seemed to have a difficult time explaining the specific details behind the president’s latest executive orders, which were aimed at providing coronavirus relief measures after negotiations stalled in Washington.

The executive orders would cut additional government unemployment benefits provided during the pandemic from $600 to $400, and offer a payroll tax holiday for millions of Americans, which Mr Trump said he would make permanent if reelected in November.

But none of that was entirely clear when Larry Kudlow, the White House’s director of the National Economic Council, spoke to CNN’s Dana Bash on Sunday morning.

Mr Kudlow asserted the president’s orders on unemployment benefits would actually provide $800 to Americans who lost work due to the pandemic — even though Mr Trump’s measures would offer just half of that amount.

He went on to claim Americans would receive as much as $1,200 under the new measures when asked when the first relief checks would be received, saying: “I don’t want to be as specific as you might hold me to it, as you should, but I think it’s going to be in a couple of weeks, and I think it’s going to come to about $1,200 per person — that’s a huge wage increase.”

The economic adviser’s answer did not provide a specific timeline, or include the fact that the federal government will only pay $400 while requiring states to pay 25 percent. Moreover, it is not possible for someone on unemployment benefits to earn a “wage increase” as they are not working and have no wages to begin with.

“You keep saying $1,200 per person, are you talking about in addition to the unemployment that they’re already getting?” Ms Bash asked Mr Kudlow.

“No, that’s the payroll — no, I’m sorry, I beg your pardon, the $1,200 will come from the payroll tax deferral, on top of this — yeah, I’m sorry,” Mr Kudlow responded.

He then once again asserted that unemployment benefits would amount to “$800 bucks,” leaving the anchor appearing confused.

“$800 or $400?” she asked.

“No, it should be four — it should be $800,” Mr Kudlow said. “If the states step up, we’re prepared to match, that should come out $400 federal, $400 states.”

Ms Bash then moved on from the issue, telling Mr Kudlow: “Okay, we’ll move on because I think this is not what the president said and it’s a bit confusing, and I think the fact that it’s not entirely known is very telling.”

[link to www.independent.co.uk (secure)]
 Quoting: Anonymous Coward 79099625


hey...immuh hav a lil fuckin dwinky phoo....so ....cheerzzz thoo woo.
 Quoting: Anonymous Coward 68159710


Yep..."only the best people"
Anonymous Coward
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08/09/2020 11:34 PM
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Re: Larry Kudlow is drunk again! Says Americans will get a $1200 relief check "in a couple of weeks". No wait - $800. Or is it $400?
His $1200 comment was on the subject of the tax holiday. Conceivably, some could get a total boost of that much over the rest of the year. Trump will have to begin campaigning on getting Congress to forgive it though.
 Quoting: Anonymous Coward 78247049


LOL...so everyone will receive precisely $1200 as a benefit from the payoll tax deferral? That's your explainer?

How many bottles of vodka have you emptied so far today?
 Quoting: Anonymous Coward 73694092


He shouldn't have used $1200 as his example. I understand why he did it but it was a bad choice because it automatically makes everyone think about the stimulus checks that they're not getting (yet, anyway). I think he was trying to say something like: "Hey, the tax deferment will work out to roughly $1200, so that's kind of like a stimulus check."

And it may be so, but a bad idea to equate the two because people really like the idea of getting more free money (myself included).





GLP