Donald Trump to Suspend Payroll Tax Until End of 2020

they were his words


it’s scary you know so little about what the experts have been saying. Listen to Dr Facui Birx, the cdc and Surgon General

please

 

The Republicans created a financial crisis by allowing the creation of fraudulent MBS.


What is it you think Congress could have done when Bush was President? He was the guy who let Lehman go broke in 2008 making the economic downturn worse.

 

But, as the Federal Reserve Chairman Jerome Powell, Trump's appointee, pointed out, the economy cannot prosper while there is a high new infection rate.

"As we have emphasized throughout the pandemic, the path forward for the economy is extraordinarily uncertain and will depend in large part on our success in keeping the virus in check. Indeed, we have seen some signs in recent weeks that the increase in virus cases and the renewed measures to control it, are starting to weigh on economic activity. For example, some measures of consumer spending based on debit card and credit card use, have moved down since late June, while recent labor market indicators point to a slowing in job growth especially among smaller businesses. A full recovery is unlikely until people are confident that it’s safe to reengage in a broad range of activities. The path forward will also depend on policy actions taken at all levels of government to provide relief and to support the recovery for as long as needed. The Federal Reserve’s response to this crisis has been guided by our mandate to promote maximum employment and stable prices for the American people, along with our responsibilities to promote the stability of the financial system."

[…]

"So what we’re seeing is that we monitor quite a lot of what we think of as sort of non-standard high frequency data. That’s become a very important thing, even more important than usual in the work that we do and what that data shows on balance is that the pace of the recovery looks like it has slowed since the cases began, that spike in June. So some measures of consumer spending based on credit card and debit card data have moved down. Recent labor market indicators point to a slowing in job growth, particularly among smaller businesses. Hotel occupancy rates have flattened out. People aren’t going out to restaurants, bars, gas stations, pharmacies and beauty salons as much. Consumer surveys by the way, which had dropped very sharply when the pandemic arrived and then moved back up sharply, they look like they may be softening again now."

[…]

"So blending is a particular tool, and we’re using it very aggressively, but fiscal policy is essential here. I would say, again, Congress’s action early in the pandemic, historically large by any standard around the world and certainly by US standards. It’s really helping now. It’s really helping. It’s going to stand up very well to scrutiny down the years. Congress’s very fast and very open-handed response I think has really helped. As I’ve said, very likely, more will be needed from all of us. I see Congress negotiating now over a new package, and I think that’s a good thing."​

https://www.rev.com/blog/transcripts/jerome-powell-fed-press-conference-speech-transcript-july-29

Powell is trying to tell you this is not the time to cut support payments to workers and businesses. He's also telling you the virus must be controlled.

 

We weren't doing enough fiscal stimulus before the possible cut.

 

Do you remember...?

Y = C + I + G + X - M

We have a huge drop in "C "and "I," and only "G" can keep the economy afloat while we get the virus under control.

Fed Chair Powell has almost begged Congress to act.

 

Alabama and Mississippi are no better run than California, Oregon, or Washington. You're just repeating rightwing propaganda.

Republicans who want to cut government spending will destroy the economy if they succeed.

 

EOs are not a system of government.

 

You and the Orange Oaf are a spent force. This country needs a leader.

 

You ASSume?

OK, then post links to his quotes. You said you'd do this.

 

You claimed tRUMP was citing experts about 15 will go to ZERO.
It will magically disappear.
Etc
Etc

Sad, you can't post any experts making any claims you think they said.
Actually, it's not sad, you don't know who the experts are or what they said.

You think tRUMP was citing experts when he made all those false claims. But can NOT provide the evidence.

 

They are now.
And have been for quite a while.

Did you miss the latest EO?
That's the topic of this thread.

 

Lying balls. Is the only reason.

 

As of now, that is true.
Come tax time in January, it will have to be paid back.

 

well he’s in charge...and a well regarded expert in the field...should i not assume the director speaks for the organization?

 

yeah he was and is listening to experts

 

So Fauci initially lied to the American people?

 

It was about how much of the state government budget depends on the feds, not how much goes to military bases.

You just spouting stuff some goofball talk radio host feeds you.

 

More of your made up stuff.

 

Of course, he did. He said he was trying to protect a limited supply of PPE.

 

You have evidence Mississippi is better managed than California or New York? (Of course, you don't.)

 

Better to layoff teachers so classes get even larger? Have any other bright ideas?

 

Other people also speak for the CDC.

 

The DP party bosses should be in court right now seeking a TRO to stop those $400/week extended unemployment payments and those awful working class tax cuts.
The voters will just love the Democrats for doing that.

 

Dream on!

 

Trump has just about worn out his welcome with the American people.