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Kudlow: Mnuchin may offer bigger than $2.2T stimulus proposal

 
Anonymous Coward
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10/11/2020 11:29 AM
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Kudlow: Mnuchin may offer bigger than $2.2T stimulus proposal
White House economic adviser Larry Kudlow said Treasury Secretary Steven Mnuchin "may" offer a proposal priced higher than Speaker Nancy Pelosi's most recent offer of $2.2 trillion.

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Anonymous Coward
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10/11/2020 11:49 AM
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Re: Kudlow: Mnuchin may offer bigger than $2.2T stimulus proposal
They have to prop it up because the shutdowns did much more damage than they are letting on. We're now seeing 800,000 new claims for unemployment each week (reports issued at 8:30 every Thur morning). They know the economy is collapsing (due to the prolonged shutdowns).. and the middle class is collapsing (3rd world type situation developing).

Problem is, this is mostly bailouts for corporations and Wall Street, just like when Obama was POTUS (CEOs and Wall Street insiders will be getting record bonuses). It will be even more pronounced under Biden. Middle class is (deliberately?) being taken down.
Anonymous Coward (OP)
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10/11/2020 12:07 PM
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Re: Kudlow: Mnuchin may offer bigger than $2.2T stimulus proposal
They have to prop it up because the shutdowns did much more damage than they are letting on. We're now seeing 800,000 new claims for unemployment each week (reports issued at 8:30 every Thur morning). They know the economy is collapsing (due to the prolonged shutdowns).. and the middle class is collapsing (3rd world type situation developing).

Problem is, this is mostly bailouts for corporations and Wall Street, just like when Obama was POTUS (CEOs and Wall Street insiders will be getting record bonuses). It will be even more pronounced under Biden. Middle class is (deliberately?) being taken down.
 Quoting: Anonymous Coward 77192746


hesright
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10/11/2020 12:20 PM
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Re: Kudlow: Mnuchin may offer bigger than $2.2T stimulus proposal
Corporations first !

tard





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