Did Repubs learn from their mistake?

[rightwinger]

I don’t see how $500 billion in payroll tax cuts helps families who are not working. Looks like a hack door way to defund Social Security and Medicare.

Pelosi didn't pass payroll tax cuts. I'm agreeing that anything McConnell proposes will be for the top 5%.

I'm not sure Pelosi shouldn't just call bs. Pass mine, and I'll take up yours with my maj.

I don’t care who gets the credit. Families are struggling. A payroll tax cut does not help them.

We need to help the people who are losing jobs and small businesses.

A corporate tax cut will not help Coronavirus.

I'm not for a payroll tax cut. If people still have jobs, they're spending. The people who LOSE their jobs need money. And that's in UI. Once the virus peaks and recedes, Trump predicts that businesses that closed will restart. I suspect he's right. Assuming the laid off workers still have money coming in to buy shit.

If you are healthy and still working, you do not need a payroll tax cut. That is free money to people who don’t need it.

We need stimulus to fight the virus, help the sick, build hospitals, help those who are unemployed and assist impacted businesses. NOT a gimmick to give everyone a tax cut.

Build Hospitals? Before there are any drawings for a hospital, the crisis will be over, so more money for hospitals that are probably at least two years from completion would not be a wise investment. How would you use stimulus to fight the virus? How would you help those sick because of the virus? No offense but so far your help seems gimmicky.

They are looking for additional hospital beds. College Dorms, empty malls, vacant hotels that can serve as makeshift hospitals. Hospitals have to be shovel ready.

 

[berg80]

This is a moment, like the financial crisis, when we need to throw the kitchen sink at the problem. Had we done that 2009 Repubs would not have spent 7 years whining about the recovery they sabotaged.

 

[berg80]

The measures Congress is looking at really are beginning to resemble the kitchen sink. A $1T+ aid package, not to mention what the Fed is doing in addition to what Congress has already passed.

All those deficit scolds who sabotaged the recovery from the Bush recession are now all in for Dear Leader........a $2.5T annual debt be damned.

 

[Papageorgio]

The measures Congress is looking at really are beginning to resemble the kitchen sink. A $1T+ aid package, not to mention what the Fed is doing in addition to what Congress has already passed.

All those deficit scolds who sabotaged the recovery from the Bush recession are now all in for Dear Leader........a $2.5T annual debt be damned.

We need to be cautious and have well thought out plans an no BS from the government. No lies like shovel ready projects.

It won’t happen but it never happened before.

 

[Bo Didleysquat]

Will the democrats ever learn to stop whining?

No, they are americans after all. You will all whine together as per usual.

 

[Bo Didleysquat]

The measures Congress is looking at really are beginning to resemble the kitchen sink. A $1T+ aid package, not to mention what the Fed is doing in addition to what Congress has already passed.

All those deficit scolds who sabotaged the recovery from the Bush recession are now all in for Dear Leader........a $2.5T annual debt be damned.

Socialism, for when American style capitalism fails. Again.

 

[berg80]

The White House’s evolving spending plan could be unprecedented in its size and velocity, dwarfing the $800 billion stimulus law passed during the Obama administration and the $700 billion Troubled Asset Relief Program enacted during the Bush administration. All told, between several legislative packages advanced on Capitol Hill and actions the administration is taking on its own, the federal government is at “over $2 trillion and counting” on fiscal interventions to halt or slow the economic wrecking ball of the coronavirus, one of the senior administration officials said.

 

[Toddsterpatriot]

The measures Congress is looking at really are beginning to resemble the kitchen sink. A $1T+ aid package, not to mention what the Fed is doing in addition to what Congress has already passed.

All those deficit scolds who sabotaged the recovery from the Bush recession are now all in for Dear Leader........a $2.5T annual debt be damned.

Socialism, for when American style capitalism fails. Again.

Darn capitalism...….doesn't prevent pandemics like Socialism does, eh?

 

[toomuchtime_]

Because if you don't have employers, you don't have employees. If we don't maintain the infrastructure, then the recovery will be longer and more painful.

Oil wells, planes and cruisships don't go anywhere. Shareholders are NOT infrastructure. Sometimes, like with banks, they don't actually have physical assets.

Companies are not going to allow their assets to remain tied up in cruse ships and airplanes for extended periods of time if they are not making money. They will cash out and move their investments to other fields where they can earn money. Unless they expect the economy to quickly snap back, it makes more sense to sell these high maintenance assets at a loss and invest the money somewhere else.

You do realize the gop's argument against the auto bailout was that someone would buy the factories? And I seriously would doubt you if you told me you were for the auto bailouts.

I wasn't opposed to the bailout, but I was opposed to the conditions Obama put on it, forcing the companies to produce smaller cars when the market, as we have seen, wanted SUV's, but that's different subject. What we were talking about had nothing to do with politics or ideology of notions of social justice; the question is, is it better for the government to help maintain the infrastructure in the tourism and airline industries, keeping people employed during this slowdown or to allow it to disappear and the people to be unemployed?

Well I would be ok if the govt just loaned the money to airlines and cruise companies, so long as the assets were collateral. Sort of, just barely.

However, with the auto bailout, there really wasn't anyone who was going to buy the factories. Toyota wasn't selling cars either. The bailout pretty much wiped out shareholders, but saved the jobs.

But the airlines and cruisehips and oil drillers are going to fire their workers. And sell their assets for all the cash they can get, and reinvest it. They'll lose money, but they'll make it back. If we're bailing them out, why not bail every 401k for the haircuts we just took.

Now small biz will take a hit. But Trump already made loans available.

McConnell's just lining the pockets of the 5%.

Helping the airlines, cruise ships is about maintaining the infrastructure so that workers will have jobs to go back to. Who do you think owns teh airlines? You do if you own mutual funds or have a pension coming to you, and if you or your children are going to college then your are benefiting from those stocks because colleges and universities invest their monies in thee stocks. You are wearing such deep ideological blinders you can't see anything before you.

 

[berg80]

Gary Cohn says the US is in a recession that will cost ‘trillions’ as unemployment ‘skyrockets’
Gary Cohn says the US is in a recession that will cost 'trillions' as unemployment 'skyrockets'

The U.S. is in a recession that will see unemployment soar and cost trillions of dollars to solve, Gary Cohn, former White House economic advisor and Goldman Sachs executive, told CNBC.

With markets in turmoil and companies announcing a stream of layoffs, the former National Economic Council director under President Donald Trump said the economy is facing a substantial downturn.


“We’re in recession, I’m not going to tell you that we’re not in recession right now. You cannot remove the consumer from the U.S. economy ... and say that we’re not in recession,” Cohn said on “Closing Bell. “The unemployment number is going to skyrocket.”

Wall Street forecasts see the unemployment rate likely soaring past 10% in short order even though it most recently was at a 50-year low of 3.5%. Job loss estimates are well into in the millions, likely the fastest move the U.S. has ever seen.
......................................................................................................................................
After sabotaging the recovery following the Bush recession how much deficit spending will Repubs allow to stave off a depression?

 

[bigrebnc1775]

9:50 am: Trump administration wants an $850 billion stimulus plan, reports say
Treasury Secretary Steven Mnuchin heads to the Capitol today to discuss a third coronavirus response package with Senate Republicans as policymakers try to stave off economic calamity.

The Trump administration wants an $850 billion economic stimulus plan, Politico and The Washington Post reported. The White House’s proposal would include about $50 billion in aid to an airline industry battered by the global pandemic, according to the Post.

Congress already passed $8.3 billion in emergency funding to help stop the coronavirus disease’s spread. A separate plan to expand paid leave benefits, boost unemployment insurance and make testing more affordable is working its way through the Capitol this week. —Jacob Pramuk
Coronavirus live updates: Tom Hanks, Rita Wilson released from hospital, Mulvaney self-quarantines
.......................................................................................................................................
The mistake being to refuse to cooperate with Dems in the wake of the financial crisis by constantly trying to shrink the size of stimulus packages. As much as anything this caused the weak, prolonged recovery the Repubs blamed on Obama. This proposal is just another example of epic hypocrisy.

Will leftist ever learn any thing other than being ignorant?

 

[mikegriffith1]

There are so many myths and half-truths in the OP that it would take several pages to debunk all of them. The Republicans were fine with several parts of the 2009 stimulus package but objected to such things as clearly dubious "infrastructure" projects (that ended up being huge wastes of money), economically unfeasible "green" tax credits (why were such credits in a stimulus package?), and the lack of regulatory and taxation relief for non-financial-industry companies hit hard by the recession.

We would not need giant stimulus packages today if Democrats in media and government had not engaged--and were not still engaging--in outrageous fear-mongering about the virus. We have schools closing all over the country even though the evidence clearly shows that children have an astronomically small chance of dying from the virus and that only a very small percentage of children who catch the virus require hospitalization of any kind.