Coronavirus (political)

[SunnySide]

The plan, which McConnell said Thursday creates “money for people, from the middle class down, period,” includes direct payments of $1,200 per person and $2,400 for couples to help offset economic losses amid the growing pandemic. But the provision that Hawley labeled “regressive” states that size of the checks will be halved for Americans with no federal income tax liability. While the Senate Finance Committee said the bill “ensures relief gets to low-income seniors and disabled veterans,” the plan will also affect poor Americans.

Earlier this week, Hawley released his own plan targeted at all single parents making less than $50,000, and all married parents making less than $100,000, to assist working families with cash payments — a proposal enthusiastically endorsed by Quinton Lucas, Democratic mayor of Kansas City, Missouri.

https://www.yahoo.com/news/hawley-cr...120659862.html

President Donald Trump made clear Tuesday that the massive economic stimulus package his administration is proposing to deal with the coronavirus crisis will include a multibillion-dollar bailout both for the U.S. airlines and for Boeing.

“Yes, I think we have to protect Boeing,” Trump said. “We have to absolutely help Boeing.”

Boeing said Tuesday it’s asking for “a minimum of $60 billion … for the aerospace manufacturing industry” in a combination of direct taxpayer money and loans from banks backed by government guarantees.

The nation’s America’s aerospace industry supports over 2.5 million jobs and 17,000 suppliers, Boeing said in a statement, and government financial support is “needed to manage the pressure on the aviation sector and the economy as a whole.”

U.S. airlines are also seeking over $50 billion in financial assistance, including grants, tax relief and government-backed loans.

That’s hard to swallow for critics of big business, who point to the billions of dollars in profits both U.S. airlines and Boeing have made over the past decade — profits that management used in good measure to pay tens of millions of dollars to top executives, to juice the stock price with massive share buybacks and to deliver handsome dividends to shareholders.
https://www.seattletimes.com/busines...g-the-benefit/

1. Checks to americans. I wouldnt get a penny and Im fine with that. Im not sure what 2 checks for like $700 each will do, I imagine it will just get absorbed in a day and we are right back to where we were a few days before but now with a huge debt.

2. Boening .. go fuck yourself. 60 billion? Your fucking stock is still going up .. fuck off. Trillionaires asking for billions. The loses arent even fully realized yet but we are just going to start throwing big money at big companies ...