General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"6.2 trillion dollars" says trump before signing the bil
i thought i must have heard wrong
watched the video on cspan.
nope.
i heard correctly
this fucking MORON said SIX.2 trillion!!!
https://www.c-span.org/video/?470779-1/president-trump-signs-coronavirus-economic-relief-bill
(about 20:08 in the video)
jimfields33
(15,823 posts)stopbush
(24,396 posts)Last edited Fri Mar 27, 2020, 06:16 PM - Edit history (1)
to fund loans to big biz.
orleans
(34,057 posts)pat_k
(9,313 posts)... i.e., they will be lending multiple times the amount of the funds approved.
orleans
(34,057 posts)i don't get why people posting are saying yeah, it probably is a bill for six trillion dollars
can someone give me a link to show that trump was correct in saying that? or that, in actuality, six trillion is the correct amount? i'm googling and i certainly can't find anything like that
my point is that it is this HUGE bill and he can't even get the amount of it straight when he references it.
pat_k
(9,313 posts)NY Times
How the Feds Magic Money Machine Will Turn $454 Billion Into $4 Trillion
I also saw some headlines asserting the 454 billion could be leveraged into 4.5 trillion in loans, so the exact figure is a little fluid. But the 2 trillion + 4 trillion pumps at least 6 trillion in the economy, with a vast majority of that going to big biz.
orleans
(34,057 posts)Thomas Hurt
(13,903 posts)NewsCenter28
(1,835 posts)refers to total Federal Reserve/Federal government stimulus spending so far. I saw an article talking about the 6 trillion total on Politico not too long ago.
Celerity
(43,408 posts)saved me the time!
NoMoreRepugs
(9,435 posts)a Democrat sits as President.
orwell
(7,774 posts)...Bernie Sanders' 10 Trillion SOCIALIST Medicare for All proposal over TEN FUCKING YEARS!
See how easy it is to create money out of thin air when you are baling out the ruling class.
Now the rest of you cannon fodder can go back to work without a net and save Murrrrica...
Wellstone ruled
(34,661 posts)bills to follow. By June there will be a need for a few trillion extra just to cover Unemployment as well as Health Insurance and Food Stamps and most likely a supplemental check for most Americans.
Pay attention to what is happening in Canada 70-80% of Pay Checks guaranteed by their Federal Government thru October.
Celerity
(43,408 posts)spanone
(135,844 posts)Fucker.