Trump's Go-It-Alone Stimulus Won't Do Much to Lift the Recovery
The executive actions President Trump took on Saturday were pitched as a unilateral jolt for an ailing economy. But there is only one group of workers that seems guaranteed to benefit from them, at least right away: lawyers.
Mr. Trump’s measures include an eviction moratorium, a new benefit to supplement unemployment assistance for workers and a temporary delay in payroll tax liability for low- and middle-income workers. They could give renters a break and ease payments for some student loan borrowers. But they are likely to do little to deliver cash any time soon to Americans hit hard by the recession.
Even conservative groups have warned that suspending payroll tax collections is unlikely to translate into more money for workers. An executive action seeking to essentially create a new unemployment benefit out of thin air will almost certainly be challenged in court. And as Mr. Trump’s own aides concede, the orders will not provide any aid to small businesses, state and local governments or low- and middle-income workers.
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Low- and middle-income families’ spending power was bolstered in the spring by direct payments of $1,200 per adult that were included in a relief bill Mr. Trump signed into law in March. Lawmakers were pushing for a second round of those checks in a legislative deal. Mr. Trump’s measures will not provide them.
The orders will not provide aid to states and local governments, whose tax revenues have plunged as a direct result of the contraction in economic activity brought on by the virus. Without more money from the federal government, states and local governments will almost certainly have to cut their budgets and lay off workers, increasing the ranks of the unemployed.
Supplemental unemployment benefits of $600 per week, which expired at the end of July, had been supporting consumer spending at a time when about 30 million Americans are unemployed. Mr. Trump’s memo seeking to repurpose other money, including federal disaster aid, to essentially create a $400-a-week bonus payment is likely to be challenged in court and is unlikely to deliver additional cash to laid-off workers any time soon. It, too, raises questions even if it is deemed legal — for instance, whether states that are already struggling with their budgets will be able to afford the 25 percent contribution that Mr. Trump’s memo says they will need to make toward the new benefit.
https://www.msn.com/en-us/money/markets/trumps-go-it-alone-stimulus-wont-do-much-to-lift-the-recovery/ar-BB17JHaZ?li=BBnb7Kz
In other words this is just Kabuki theatre. Trump's hoping to look decisive in order to be re-elected this Nov. I doubt it will work
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He thinks Americans are stupid and will believe his BS. Only his diehard cult followers will buy this crap, and not really see what his doing to try and end SS and Medicare. Of course maybe some of them will figure out that "they" are on SS and Medicare and it will affect them. We can only hope. 
