Mnuchin Warns: 20% Unemployment Without Stimulus

[Mac-7]

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.

Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.

Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue

Hopefully the stimulus money will go to people who need and deserve it - not just corporations.

If everyone is at home hiding under the bed the store shelves will be empty

so what will people spend the money on?

Internet porn? Paying rent? Groceries? Medicine? Paying utility bills?

They’ll use it to pay off debt – resulting in no economic stimulus.

New big screen tv’s here they come

 

[Mac-7]

Most people live week to week. With unemployment that high, think about the # of mortgages & car payments that are going to fall behind. Massive defaults and bankruptcy filings will soar. In addition, to the stimulus, the banks are going to have to suspend payments on some of this stuff for a few months. I bet we start hearing some proposals to do that soon.

If they lose their job they can apply for unemployment insurance

the helicopter money is not needed

 

[colfax_m]

Most people live week to week. With unemployment that high, think about the # of mortgages & car payments that are going to fall behind. Massive defaults and bankruptcy filings will soar. In addition, to the stimulus, the banks are going to have to suspend payments on some of this stuff for a few months. I bet we start hearing some proposals to do that soon.

If they lose their job they can apply for unemployment insurance

the helicopter money is not needed

I was wondering about hourly workers for places that are temporarily shut down. They may not be fired, but aren’t getting hours so no paycheck.

Not sure though. I wish the money went to people that needed it and not just everyone. I don’t need it.

 

[Mac-7]

Most people live week to week. With unemployment that high, think about the # of mortgages & car payments that are going to fall behind. Massive defaults and bankruptcy filings will soar. In addition, to the stimulus, the banks are going to have to suspend payments on some of this stuff for a few months. I bet we start hearing some proposals to do that soon.

If they lose their job they can apply for unemployment insurance

the helicopter money is not needed

I was wondering about hourly workers for places that are temporarily shut down. They may not be fired, but aren’t getting hours so no paycheck.

Not sure though. I wish the money went to people that needed it and not just everyone. I don’t need it.

This is terrible idea

 

[Issa]

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.

Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.

Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue

Hopefully the stimulus money will go to people who need and deserve it - not just corporations.

Let the market the dictate SOCIALUSM is evil. Let's bail thr big corporations and not the people. No handouts for democrats....isn't that right trump bots? Where ate you hiding?

 

[Mac-7]

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.

Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.

Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue

Hopefully the stimulus money will go to people who need and deserve it - not just corporations.

Let the market the dictate SOCIALUSM is evil. Let's bail thr big corporations and not the people. No handouts for democrats....isn't that right trump bots? Where ate you hiding?

I’m right here

 

[lennypartiv]

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.
Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.
Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue
Hopefully the stimulus money will go to people who need and deserve it - not just corporations.

All thanks to hysterical Democrats who have the country in panic mode.

 

[keepitreal]

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.

Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.

Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue

Hopefully the stimulus money will go to people who need and deserve it - not just corporations.

EVERY TEN ******* YEARS
TRUMP SET THEM BACK 2 YEARS
MOTHER FUCKERS
AS FAR AS IM CONCERNED WE DONT OWE CHINA SHIT!
PAID IN FULL

WE SHOULD NOT BE BAILING OUT THE AIRLINES
PERIOD

 

[keepitreal]

This is how Capitalism works. Can we ask "who will pay for this"?

People clamoring for something free? I thought last month this was something evil?

ROFLMFAO

So many world leaders treated Trump with such contempt....
Dare they look to the U.S. to be rescued like '08

 

[pknopp]

This is how Capitalism works. Can we ask "who will pay for this"?

People clamoring for something free? I thought last month this was something evil?

ROFLMFAO

So many world leaders treated Trump with such contempt....
Dare they look to the U.S. to be rescued like '08

Sure, everyone loves Socialism when they benefit.