Stimulus & Bailout Watch Thread [Archive] - Page 10

boutons_deux

03-15-2021, 04:43 PM

How infrastructure could be the great economic equalizer in America

Since the mid-twentieth century, when most of this country's modern infrastructure systems (https://www.cfr.org/backgrounder/state-us-infrastructure) were first established, the population has doubled. Not only are American roads, airports, electric grids, waterways, railways and more distinctly outdated,

but today's crucial telecommunications sector hasn't ever been subjected to (https://www.brookings.edu/research/to-fix-our-infrastructure-washington-needs-to-start-from-scratch/) a comprehensive broadband strategy.

Worse yet, what's known as America's "infrastructure gap" only continues to widen.

The cost of what we need but haven't done to modernize our infrastructure has expanded to $5.6 trillion over the last 20 years ($3 trillion in the last decade alone),

Some est (https://www.infrastructurereportcard.org/the-impact/economic-impact/)imates (https://nsba.biz/infrastructure) now even run as high as $7 trillion.

"The nation's economy could see the loss of $10 trillion in GDP [gross domestic product] and a decline of more than $23 trillion in business productivity cumulatively over the next two decades if current investment trends continue."

the overall number (https://www.infrastructurereportcard.org/wp-content/uploads/2017/01/Dams-Final.pdf) of dams with potential high-hazard status had already climbed to nearly 15,500.

At the time, the organization also discovered (https://www.infrastructurereportcard.org/cat-item/bridges/) that nearly four (https://www.infrastructurereportcard.org/wp-content/uploads/2016/10/2017-Infrastructure-Report-Card.pdf) out of every 10 bridges in America were 50 years old or more and identified 56,007 of them as already structurally deficient.

Janet Yellen stressed the crucial need not just for a Covid-19 stimulus relief but for a sustainable infrastructure one as well.

As part of what the Biden administration has labeled its "Build Back Better (https://joebiden.com/build-back-better/)" agenda,

she underscored the "long-term structural problems in the U.S. economy that have resulted in inequality [and] slow productivity growth."

She also highlighted how a major new focus on clean-energy investments could make the economy more competitive globally.

Biden noted (https://www.bbc.com/news/business-56036245) to a group of senators on the Environment and Public Works Committee that,

"if we don't get moving, they are going to eat our lunch." He went on to say,

"They're investing billions of dollars dealing with a whole range of issues that relate to transportation, the environment, and a whole range of other things. We just have to step up."

Major trading partners like Australia, India, and Japan are projected to significantly out-invest the United States.

https://www.alternet.org/2021/03/infrastructure-2651070109/

Repugs will try to block all Dem infrastructure,

only agreeing if their BigDonor class gets $Ts more in tax breaks,

tax breaks that defund infrastructure investment.

Winehole23

03-15-2021, 08:43 PM

nationalized UI and automatic stabilizers

1371636125714968578

boutons_deux

03-15-2021, 09:10 PM

https://scontent-dfw5-2.xx.fbcdn.net/v/t1.0-9/p843x403/161414284_4921893697903645_4325999596922082533_n.j pg?_nc_cat=109&ccb=1-3&_nc_sid=730e14&_nc_ohc=2KqHZXhlc7AAX-E7L5e&_nc_ht=scontent-dfw5-2.xx&tp=6&oh=7c86ed6479fb1ef90ff65e6292e63d1a&oe=6076E004

boutons_deux

03-16-2021, 07:56 AM

Business bankruptcies’ surprising decline amid pandemic: Is a ‘tidal wave’ coming?

filings nationwide have gone down.

The low level of bankruptcies

cuts against modern economic patterns and

has been one of the most perplexing trends from

a pandemic era that has seen many restaurants, retailers, and other small businesses close shop.

“I’m looking at debt figures, unemployment, the GDP numbers and, well, it’s just hard to come up with a coherent explanation of what I’m seeing,”

https://sanantonioreport.org/business-bankruptcies-down

LaMarcus Bryant

03-16-2021, 08:06 AM

Ted Cruz Accuses Democrats of Trying to Cancel Poverty

https://media.newyorker.com/photos/604f8d589274613edb14f082/master/w_2560%2Cc_limit/Borowitz-TedCruz.jpg

WASHINGTON —Calling the $1.9 trillion American Rescue Plan “a fever dream of the cancel-culture crew,”

Senator Ted Cruz accused Democrats of a “politically correct plot to cancel poverty.”

“Poverty has been a part of American life since this country was founded, in 1776, but that apparently means nothing to the Democrat Cancel Culture Gang,” Cruz said.

“In their intolerant view, poverty is somehow no longer appropriate.”

He warned that, far from being Democrats’ ultimate goal, “cancelling poverty is just the beginning.”

“If you read the fine print,

they also want to cancel hunger and homelessness,” he said.

“And, if you’re used to living without health insurance, sorry—that’s yet another American tradition they want to cancel.”

“We should have seen this coming,” he added. “First they came for Mr. Potato Head.”

https://www.newyorker.com/humor/borowitz-report/ted-cruz-accuses-democrats-of-trying-to-cancel-poverty (https://www.newyorker.com/humor/borowitz-report/ted-cruz-accuses-democrats-of-trying-to-cancel-poverty)

How does any politician get away with looking like that, jesus. Dude reeks of diabetes and armpit

boutons_deux

03-16-2021, 08:22 AM

How does any politician get away with looking like that, jesus. Dude reeks of diabetes and armpit

6 more years, and I bet he'll be re-elected. It's fucking shithole TX

Joseph Kony

03-16-2021, 04:07 PM

Ted Cruz Accuses Democrats of Trying to Cancel Poverty

https://media.newyorker.com/photos/604f8d589274613edb14f082/master/w_2560%2Cc_limit/Borowitz-TedCruz.jpg

WASHINGTON —Calling the $1.9 trillion American Rescue Plan “a fever dream of the cancel-culture crew,”

Senator Ted Cruz accused Democrats of a “politically correct plot to cancel poverty.”

“Poverty has been a part of American life since this country was founded, in 1776, but that apparently means nothing to the Democrat Cancel Culture Gang,” Cruz said.

“In their intolerant view, poverty is somehow no longer appropriate.”

He warned that, far from being Democrats’ ultimate goal, “cancelling poverty is just the beginning.”

“If you read the fine print,

they also want to cancel hunger and homelessness,” he said.

“And, if you’re used to living without health insurance, sorry—that’s yet another American tradition they want to cancel.”

“We should have seen this coming,” he added. “First they came for Mr. Potato Head.”

https://www.newyorker.com/humor/borowitz-report/ted-cruz-accuses-democrats-of-trying-to-cancel-poverty (https://www.newyorker.com/humor/borowitz-report/ted-cruz-accuses-democrats-of-trying-to-cancel-poverty)

Lol this is funny because even though it's satire it's not far fetched at all to think this retard would actually come out with this statement :lol

benefactor

03-16-2021, 10:57 PM

Got it:tu

spurraider21

03-17-2021, 11:00 AM

Got it:tu
ditto

just got the direct deposit :tu

<3 joint tax return with a non-working spouse

Trill Clinton

03-17-2021, 11:06 AM

Glad to see people getting their checks! If you're not hurting for the money, invest and support small businesses.

https://www.stripersonline.com/surftalk/uploads/monthly_2019_12/anigif_sub-buzz-11880-1478585047-2.gif.963753990bcd2f1cc157c4f4457d968b.gif

boutons_deux

03-17-2021, 11:12 AM

Lol this is funny because even though it's satire it's not far fetched at all to think this retard would actually come out with this statement :lol

the intelligence of Borowitz is that his satire is cleverly constructed on the actual people or situations.

and yes, given the bullshit from Cruz, him saying the above is plausible

about half of ST is too fucking stupid to get satire

Winehole23

03-18-2021, 08:55 AM

Overshot projections by 70,000.

Initial jobless claims in the United States for the week ending March 13 increased by 45,000 compared to the previous week's revised figure to reach 770,000, the US Department of Labor reported on Thursday. The four-week moving average was 746,250, down by 16,000 compared to the prior week's revised average.https://breakingthenews.net/Article/initial-jobless-claims-up-by-45-000-to-770-000-in-us/54955827

Winehole23

03-18-2021, 08:58 AM

https://graphics.reuters.com/USA-STOCKS/xegpbwrqdvq/ueduration.png

The Labor Department’s closely watched employment report on Friday showed at least 4.1 million Americans have been out of work for more than six months, accounting for 41.5% of the unemployed population in February. Another 3.5 million have permanently lost their jobs.

Winehole23

03-18-2021, 08:59 AM

...the economy remains down 9.5 million jobs from February 2020 and will require more than two years of job growth at February’s pace just to get back to pre-pandemic levels.https://www.whitehouse.gov/briefing-room/blog/2021/03/05/the-employment-situation-in-february/

Winehole23

03-18-2021, 09:02 AM

by the old measure, U-6, we're still in recession

Measure
Not seasonally adjusted
Seasonally adjusted

Feb.
2020
Jan.
2021
Feb.
2021
Feb.
2020
Oct.
2020
Nov.
2020
Dec.
2020
Jan.
2021
Feb.
2021

U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
1.3
3.4
3.6
1.2
3.8
3.6
3.4
3.4
3.5

U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
1.9
4.8
4.4
1.6
4.8
4.7
4.5
4.4
4.1

U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
3.8
6.8
6.6
3.5
6.9
6.7
6.7
6.3
6.2

U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
4.0
7.2
6.9
3.7
7.2
7.1
7.1
6.7
6.5

U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
4.7
8.0
7.7
4.3
8.0
7.9
7.9
7.4
7.3

U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
7.4
12.0
11.6
7.0
12.1
12.0
11.7
11.1
11.1

NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.

https://www.bls.gov/news.release/empsit.t15.htm

Trill Clinton

03-18-2021, 10:19 AM

Do ya'll think there will be another round of Stimulus checks in the future?

Winehole23

03-18-2021, 10:25 AM

Do ya'll think there will be another round of Stimulus checks in the future?Spitballing, I'd guess not. Depends on COVID.

Maybe some kind of rent/debt relief to prevent mass evictions when the putative moratorium ends on June 30, but it would be just like us to let millions of people fall through the cracks.

Winehole23

03-21-2021, 02:09 PM

https://pbs.twimg.com/media/Ew-W8a5XIAM3heR?format=jpg&name=large

boutons_deux

03-22-2021, 10:32 AM

Knees jerking on cue

Another Round of Right Wing Inflation Fear-mongering

wanted to remind people how wrong right-wingers have been for many, many years. Whatever else, they lack credibility.

Predictably, conservatives are once again warning about inflation.

This happens every time a Democrat takes office—

even if he merely continues the identical policies of his Republican predecessor.

https://ritholtz.com/2021/03/inflation-fearmongering

Predictions for 2021: 2.2%

Winehole23

03-23-2021, 06:47 PM

The Texas rent relief program has only made three payments despite being online for over a month, according to a video shared with the Houston Chronicle.

“We’ve paid three payments which is better than none but is way too few,” Texas Department of Housing and Community Affairs director Brooke Boston said on a Friday Zoom call. “We had some major system issues happen and so it’s really only been maybe, like, 14 days that we’ve been fully in our new system.”

https://www.houstonchronicle.com/news/houston-texas/houston/article/The-Texas-rent-relief-program-has-been-open-for-a-16039430.php

Winehole23

03-23-2021, 06:47 PM

“This is a $1 billion rental assistance program that the State of Texas is standing up completely from scratch. While the funding will be extremely helpful to many thousands of Texans, it did not come with program guidelines or mechanisms for delivery,” Texas Department of Housing and Community Affairs spokesperson Kristina Tirloni said in an email.

The Texas rent relief program opened Feb. 15. Tenants and landlords quickly complained about the program’s accessibility. Among the top issues: The website would not allow applicants to enter their phone numbers, no one answered the phone number provided and people could not check their application status.

boutons_deux

03-24-2021, 06:00 AM

"While the funding will be extremely helpful to many thousands of Texans, it did not come with program guidelines or mechanisms for delivery,”

how shitbag Repugs MIS-govern shithole Texas, typifies national shitbag Repugs

boutons_deux

03-24-2021, 08:30 AM

How a federal agency excluded thousands of viable businesses from Biden relief plan

one box on the application for the Paycheck Protection Program money, which asked whether the company or any of its owners were "presently involved in any bankruptcy."

He was automatically rejected and lost about $25,000 in payroll and other costs that the program would have covered.

Thousands of people file for Chapter 13 bankruptcy every year — 282,628 did so in 2019 alone.

Although it's not clear how many of them own businesses, all of those individuals were barred from the PPP program,

along with the thousands of businesses currently working through a reorganization plan under Chapter 11 and the family farms that file under the lesser-known Chapter 12.

the SBA has stuck to its position that debtors in bankruptcy aren't entitled to government aid.

https://www.rawstory.com/sba-relief-plan

spurraider21

03-24-2021, 08:43 AM

Do ya'll think there will be another round of Stimulus checks in the future?
i'd guess no

Trainwreck2100

03-24-2021, 08:49 AM

Do ya'll think there will be another round of Stimulus checks in the future?

5 days old but now that every parent us going to get a check starting in July, I doubt there will be another stimulus

Winehole23

03-24-2021, 08:13 PM

5 days old but now that every parent us going to get a check starting in July, I doubt there will be another stimulusThe temporary direct aid to parents is huge, I hope they make it permanent.

DarrinS

03-24-2021, 08:42 PM

The temporary direct aid to parents is huge, I hope they make it permanent.

Good lord!

boutons_deux

03-25-2021, 11:05 AM

New US jobless claims drop below 700,000, 1st time since pandemic (https://www.rawstory.com/new-us-jobless-claims-drop-below-700-000-1st-time-since/)

Winehole23

03-26-2021, 09:57 AM

Back to the pub with you lot. :jekkaUK related

Revealed: Government plan for Covid 'pub passport' app on phones that will show proof of jab, negative test or immunity - but furious publicans say it's 'bonkers', 'un-British' and a fraud risk (https://www.dailymail.co.uk/news/article-9404085/Fury-plans-Covid-pub-passport-app-proof-jab-negative-test-immunity.html?ito=social-twitter_dailymailUK)

boutons_deux

04-02-2021, 01:29 PM

“Permanent Job Losers” No Better Off Than Last Summer.

But Most of the 18 Million Temporary Job Losers Working Again

Bringing back permanent job losers took years the last two times,

and it hasn’t even started yet.

Employers reported that they have added 916,000 workers to their payrolls in March,

and 1.62 million over the past three months (green line in the chart).

This brought the total number of jobs at “establishments” – companies, governments, and nonprofits – to 144.1 million,

still down 8.4 million jobs from February 2020,

https://wolfstreet.com/wp-content/uploads/2021/04/US-employment-nonfarm-2021-04-02-Employed-millions-household-establishment.png
https://wolfstreet.com/2021/04/02/permanent-job-losers-no-better-off-than-last-summer-but-most-of-the-18-million-temporary-job-losers-are-working-again/

Winehole23

04-04-2021, 03:14 PM

1378005069795237889

boutons_deux

04-04-2021, 03:57 PM

structural racism in government, going back to the FFs

Minority Entrepreneurs Struggled to Get Small-Business Relief Loans

A year after the Paycheck Protection Program started, studies show how

its design hurt Black- and other minority-owned businesses.

https://www.nytimes.com/2021/04/04/business/ppp-loans-minority-businesses.html (https://www.nytimes.com/2021/04/04/business/ppp-loans-minority-businesses.html)

Frost King and other ST racists thrilled

Winehole23

04-05-2021, 08:34 AM

those who have already have business with the disbursing institutions get concierge service, so to speak. there's a name for the economic effect, I forget what it is....

Winehole23

04-05-2021, 12:49 PM

Cantillon effect

Winehole23

04-05-2021, 12:50 PM

regular home owners squeezed out by investors, feature or bug?

1379123039846105088

Winehole23

04-05-2021, 05:51 PM

regular home owners squeezed out by investors, feature or bug?

1379123039846105088

Why it's probably a feature not a bug: it's another distressed real estate bonanza for Wall Street.

boutons_deux

04-06-2021, 12:56 PM

Confirms many polls over the years that

about 50% of people don't like their jobs or managers or company, completely disaffected,

with many chained to their jobs by group health insurance, reducing the mobility of Labor

Poll: Employees would rather make less money than go back to an office

For many people, one of the few good things about this pandemic has been the ability to work from home.

The past year has shown both employees and employers that many jobs can be done effectively from home.

In fact, the desire to keep work from home has been so strong that it appears

a significant majority of people would rather turn down a $30,000 salary increase than lose the ability to work from home.

https://thenextweb.com/insider/2021/04/05/big-surprise-employees-like-working-from-home

boutons_deux

04-06-2021, 05:03 PM

San Antonio school officials want to know where their billions in federal stimulus funds are

More than $1 billion in federal stimulus funds hangs in the balance for San Antonio area school districts that have been left wondering if they will ever see the much-needed dollars that could help address learning loss and other pandemic-related expenses.

State officials have been mum on the status of the funds, declining to tell schools if or when they might see the federal dollars.

Texas qualifies to receive about $17.9 billion from the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act signed in December and the American Rescue Plan (ARP) Act adopted in March, according to multiple education policy experts.

Bexar County school districts would receive about $1.02 billion.

School leaders and education advocates fear the state will again use federal stimulus funds to plug holes in the state’s budget.

a bill filed by Texas House Appropriations Committee Chair Greg Bonnen (R-League City) could further delay the federal funds from reaching schools.

The Texas State Teachers Association (TSTA) called the bill a ploy to allow state leaders to divert federal stimulus funds away from education.

https://sanantonioreport.org/san-antonio-school-officials-want-to-know-where-their-billions-in-federal-stimulus-funds-are

Winehole23

04-08-2021, 09:15 AM

ahead of promised state and federal rental assistance, Texas strengthens the hand of landlords to evict their tenants.

Despite federal moratorium, more Texas renters face eviction as state protection lapses (https://www.texastribune.org/2021/04/02/texas-eviction-moratorium/)

Winehole23

04-20-2021, 08:39 AM

We approach the second quarter of 2021 cautiously anticipating the bankruptcy backlog that emerged during the pandemic may be peakinghttps://www.globenewswire.com/news-release/2021/04/05/2204497/10374/en/March-2021-Bankruptcy-Filings-Spike-to-Highest-Level-in-12-Months.html

boutons_deux

04-20-2021, 10:02 AM

Why it's probably a feature not a bug: it's another distressed real estate bonanza for Wall Street.

aka Vulture / Crisis Capitalism

boutons_deux

04-20-2021, 10:04 AM

Texas must maintain higher education and K-12 funding to tap billions in federal aid for public schools

The state can seek a waiver from the federal government if it can’t keep education funding steady.

https://www.dallasnews.com/news/education/2021/04/19/texas-must-maintain-higher-education-and-k-12-funding-to-tap-billions-in-federal-aid-for-public-schools

Winehole23

04-20-2021, 07:42 PM

"feed my sheep"

1384640790987689986

Winehole23

04-21-2021, 07:11 PM

the service/hospitality industry is dismayed that its workforce hasn't returned yet.

https://pbs.twimg.com/card_img/1385014536239935493/USyPaG-Z?format=jpg&name=900x900

Stick with me here, but what if people weren’t lazy — and instead, for the first time in a long time, were able to say no to exploitative working conditions and poverty-level wages? And what if business owners are scandalized, dismayed, frustrated, or bewildered by this scenario because their pre-pandemic business models were predicated on a steady stream of non-unionized labor with no other options? It’s not the labor force that’s breaking. It’s the economic model.

Unemployment benefits have offered a steady paycheck while you figure out your options. Put differently: a version of the safety net that’s been missing from most American employment, and, by extension, the ability to say no. No, I don’t have to work for a restaurant that only gives me my hours three days ahead of time, thus making it nearly impossible to find reliable childcare. No, I don’t have to work clopen shifts (https://www.nytimes.com/2014/08/15/us/starbucks-to-revise-work-scheduling-policies.html). No, I don’t have to expect a job without sick leave or paid time off. No, I don’t have to deal with asshole customers or managers who degrade me without consequence. No, I don’t have to work in a job with significant, accumulating health risks.
https://annehelen.substack.com/p/the-capitalism-is-broken-economy

Winehole23

04-21-2021, 07:21 PM

Can't Even: How Millennials Became the Burnout Generation (https://bookshop.org/books/can-t-even-how-millennials-became-the-burnout-generation/9780358315070)

Winehole23

04-22-2021, 10:05 AM

Bloomberg:

$12.3 Trillion in Stimulus Killed the Debt Default Cycle (https://www.bloomberg.com/opinion/articles/2021-04-21/-12-3-trillion-in-stimulus-killed-the-debt-default-cycle?srnd=premium-asia)

Winehole23

04-25-2021, 09:26 AM

rekt by 2008 and 2021.

does capitalism fail every ten years now?

https://pbs.twimg.com/media/Ez01PSZWQAMF77F?format=jpg&name=900x900

boutons_deux

04-25-2021, 10:03 AM

rekt by 2008 and 2021.

does capitalism fail every ten years now?

this fits in with the general enslaving of the population by extractive, predatory Capitalism to debt and exorbitant costs, monopoly rents, been going on since 1970s.

Winehole23

04-27-2021, 09:10 PM

1387224926008987651

https://opened.cuny.edu/courseware/lesson/557/overview
https://www.federalreserve.gov/releases/h6/current/

Winehole23

04-28-2021, 07:43 AM

the "American Families Plan" includes automatic triggers for UI

— Peg the length and amount of unemployment benefits to underlying economic conditions, creating an automated response to a downturn.https://apnews.com/article/education-business-government-and-politics-9e352e3dea44997725edb279751abab3

boutons_deux

04-28-2021, 09:27 AM

the "American Families Plan" includes automatic triggers for UI

https://apnews.com/article/education-business-government-and-politics-9e352e3dea44997725edb279751abab3

enormous improvements for American PROGRESS,

costing only about 2 years of Dept of War annual ripoff

Winehole23

04-28-2021, 09:30 AM

enormous improvementsgood shit :tu

boutons_deux

04-28-2021, 09:36 AM

good shit :tu

If the govt is going to pay for pre-school, govt MUST regulate the prices

eg, daycare can cost more than a year at community college, blocking esp poor women from working

Winehole23

04-28-2021, 09:38 AM

If the govt is going to pay for pre-school, govt MUST regulate the prices

eg, daycare can cost more than a year at community college, blocking esp poor women from workingThanks, boutons. I'll be sure and read your white paper.

boutons_deux

04-28-2021, 09:39 AM

Thanks, boutons. I'll be sure and read your white paper.

G F Y

boutons_deux

04-28-2021, 09:42 AM

Winehole23

04-28-2021, 09:43 AM

G F Yjust keep being you, what else can you do? :lol

Winehole23

04-28-2021, 09:49 AM

Marjorie Taylor Greene Attacks Biden’s Plan for Free Preschool:

“I Refuse to Go”

https://www.newyorker.com/humor/borowitz-report/marjorie-taylor-greene-attacks-bidens-plan-for-free-preschool-i-refuse-to-goThe universal preschool would seem to be a boon to parents and employers.

I'm not familiar with the language in the bill, does it make universal participation mandatory?

For the record, I think people should be allowed not to participate.

(no boro)

boutons_deux

04-28-2021, 06:26 PM

Dirks_Finale

04-28-2021, 06:42 PM

Nancy Pelosi Wipes The Floor With Republican Hypocrites Who Now Worry About Spending

1387447033330651138

Pelosi said on MSNBC’s Andrea Mitchell Reports:

They didn’t have any hesitation with the $1.9 trillion to give 83% of the benefits to reward the top percent.

What the President is doing is

rewarding work,

meeting the needs of people,

using some of that some money they rewarded the rich with before.

We don’t have any resentment against anybody for their success.

https://www.politicususa.com/2021/04/28/speaker-pelosi-republicans-spending.html

:lol

Inmates and people who abuse the welfare system and unemployment benefits getting more free money is not rewarding work. Restaurants are going under because nobody will work for them as the government keeps lining their pockets, which removes any incentive.

And with all the spending they are doing, they should have raised the corporate tax rate back to 35%. Caving to Manchin at 25% is ridiculous, imo.

boutons_deux

04-28-2021, 07:15 PM

Semiconductor Shortage Bites: Ford Cuts Q2 Production by 50%

https://wolfstreet.com/2021/04/28/ford-to-cut-production-by-50-in-q2-due-to-semiconductor-shortage/

Winehole23

04-28-2021, 07:18 PM

Semiconductor Shortage Bites: Ford Cuts Q2 Production by 50%

https://wolfstreet.com/2021/04/28/ford-to-cut-production-by-50-in-q2-due-to-semiconductor-shortage/misfiled?

Winehole23

04-28-2021, 11:53 PM

1387605776982712321

Winehole23

04-29-2021, 12:13 AM

"rent relief" in TX

https://twitter.com/jen_rice_/status/1387564109357539333?s=20

ElNono

04-29-2021, 12:19 AM

"rent relief" in TX

https://twitter.com/jen_rice_/status/1387564109357539333?s=20

Thankful that I Iive in Texas :tu

Winehole23

04-29-2021, 10:06 AM

almost totally MIA in the conversation so far, paid sick leave (https://www.theguardian.com/business/2021/apr/28/walmart-coronavirus-covid-19-deaths-paid-sick-leave).

Trill Clinton

04-29-2021, 10:15 AM

almost totally MIA in the conversation so far, paid sick leave (https://www.theguardian.com/business/2021/apr/28/walmart-coronavirus-covid-19-deaths-paid-sick-leave).

12 weeks of maternity or paternity leave will be a blessing. Most countries give parents 3 months, paid, to bond with their newborn and be with their family. Crazy how we rush parents back into the workplace and force them to use up their PTO/leave or go on LWOP.

Winehole23

04-29-2021, 10:36 PM

slow rollout in GA

*yawns*

*stretches*

1387778299355713539

DarrinS

04-29-2021, 11:01 PM

12 weeks of maternity or paternity leave will be a blessing. Most countries give parents 3 months, paid, to bond with their newborn and be with their family. Crazy how we rush parents back into the workplace and force them to use up their PTO/leave or go on LWOP.

3 months? GMAB

Winehole23

04-29-2021, 11:43 PM

3 months? GMABwhat would be wrong with that?

TimDunkem

04-30-2021, 12:05 AM

what would be wrong with that?
He's not getting it.

Winehole23

05-01-2021, 06:49 PM

1388247125104943114

1388247126522617856

Winehole23

05-01-2021, 07:04 PM

He's not getting it.the more public goodies, the more public good.

the math isn't hard, prevailing custom and people's heads are.

Winehole23

05-03-2021, 08:52 PM

the Biden stimulus and economic boom came late to avert another wave of bankruptcies

1389299749602299904

Winehole23

05-05-2021, 10:02 AM

CDC's eviction moratorium struck down by a federal judge

1389957068505894918

boutons_deux

05-10-2021, 04:05 PM

Repugs keep fucking over their citizens

'Terrible economics':

These states are declining federal unemployment funds.

Experts say that's 'a huge mistake'

Residents in South Carolina and Montana next month will lose access to federal unemployment benefits (https://abcnews.go.com/US/south-carolina-montana-declining-federal-unemployment-funds-huge/story?id=77553102&cid) over what

those states' Republican governors call a "severe workforce shortage."

South Carolina and Montana are the first states "to end participation in the unemployment enhancement programs."

In an effort to incentivize Montanans, :lol

Gianforte is offering a one-time "'return-to-work bonus' of $1,200 will be paid to people who rejoin the labor force and maintain employment for at least one month,"

"The idea that states are just going to forego that and allow all that money to be sucked out of their economy is just terrible economics,"

"I just deeply hope that you don't see more states following this path because it's a huge mistake."

the narrative of a "severe workforce shortage" driven by increased unemployment benefits is based on a false premise.

if money was the motivator, that decrease from $600 to $300 would have made a marked difference in the unemployment rate last year.

hiring issues in South Carolina and Montana won't be solved by depriving residents of enhanced unemployment benefits.

there is no data to prove that unemployment checks are preventing Americans from returning to work.

"There's no job shortage, in terms of workers.

There's a wage shortage,"

many employers "want to pay rotten wages and have rotten hours."

an analysis that likewise dispelled the framing of a "worker shortage" (https://www.alternet.org/2021/05/is-there-really-a-labor-shortage-wapo-analysis-reveals-a-deeper-problem/) based on enhanced unemployment.

"At the most basic level, people are still hesitant to return to work

until they are fully vaccinated and

their children are back in school and daycare full-time,"

https://www.rawstory.com/gop-unemployment-2652929856/

boutons_deux

05-10-2021, 04:05 PM

[QUOTE=Winehole23;10497969]CDC's eviction moratorium struck down by a federal judge

A Trash Repug judge

Winehole23

05-10-2021, 04:25 PM

A Trash Repug judge this judge has ruled against Trump IIRC

Winehole23

05-10-2021, 04:32 PM

https://www.washingtonpost.com/local/public-safety/another-federal-judge-who-is-a-trump-appointee-upholds-constitutionality-of-mueller-appointment/2018/08/13/4a7aebac-9f00-11e8-93e3-24d1703d2a7a_story.html

https://apnews.com/article/north-america-donald-trump-us-news-ap-top-news-elections-93c1b73b058d497a84b0b275d5f4b06d

https://www.forbes.com/sites/petergreene/2020/09/05/strike-three-another-federal-court-ends-betsy-devos-plan-to-use-public-money-for-private-schools/?sh=5bc1de3f16ef

boutons_deux

05-10-2021, 04:34 PM

Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey

Consumers are picking up on the rise of inflation, and

the Fed, which has been trying to heat up inflation, is pleased.

The Fed watches “inflation expectations” carefully.

The minutes from the March FOMC meeting mention “inflation expectations” 12 times.

https://wolfstreet.com/2021/05/10/consumers-expect-surging-inflation-to-crush-the-purchasing-power-of-their-labor-feds-survey/

Fed works for the oligarchy, as the oligarchy's ATM, that doesn't want Biden to raise it taxes,

so the Fed raising interest rates to kill a million jobs on "expectations" of inflation

will help the no-tax-on-oligrachy Repugs in the 2022 election.

expectatations? G M A F B

Inflation fear mongering propaganda from the oligarchy suckering naive Americans.

Inflation is coming from pandemic-disrupted supply side, not the demand side.

Winehole23

05-10-2021, 04:40 PM

so what did the Fed say about raising rates?

Winehole23

05-10-2021, 05:08 PM

Federal government sends $15B to Texas for economic recovery. Here's where it will go. (https://www.houstonchronicle.com/politics/texas/article/Federal-government-sends-15B-to-Texas-for-16165655.php)

The money comes with fewer strings than previous batches of state and local COVID aid and will go directly to smaller cities for the first time. It can be used to plug revenue holes; hire public sector workers including teachers, police and firefighters; and fund housing, mental health, small business and other assistance programs. It can also go toward some infrastructure projects, such as expanding broadband, among other things.

spurraider21

05-10-2021, 05:59 PM

what would be wrong with that?
https://i.gyazo.com/a4799c030d1046d147ba609aab562fe8.png

boutons_deux

05-10-2021, 06:22 PM

A Record 768 Million U.S. Vacation Days Went Unused in ‘18, Opportunity Cost in the Billions

https://www.ustravel.org/press/study-record-768-million-us-vacation-days-went-unused-18-opportunity-cost-billions

Winehole23

05-10-2021, 07:49 PM

1391717332616056832

coyotes_geek

05-10-2021, 08:08 PM

baseline bum

05-10-2021, 09:28 PM

1391717332616056832

Would be nice if it passed. Just keep creeping that age down until we finally get Medicare For All.

boutons_deux

05-10-2021, 09:51 PM

Heaven forbid we figure out what we're going to do with the trillions upon trillions upon trillions worth of unfunded liabilities Medicare is running before volunteering to pick up the tab for even more people. Alas, fiscal responsibility doesn't buy votes.......

by getting people health care before 65, it will save $Ts

Americans longevity only matches other wealthy countries for people above 65

boutons_deux

05-11-2021, 10:58 AM

Winehole23

05-11-2021, 11:28 AM

"enforcing the laws as written" seems to have a blind spot for certain things

1392134232584114178

Winehole23

05-11-2021, 11:30 AM

Heaven forbid we figure out what we're going to do with the trillions upon trillions upon trillions worth of unfunded liabilities Medicare is running before volunteering to pick up the tab for even more people. Alas, fiscal responsibility doesn't buy votes.......How are the two connected? One doesn't preclude the other.

Nor is it clear why one long term funding issues need to be solved before Congress invests more on health care during an epochal pandemic. When you're putting out a house fire, you don't worry about the water bill.

boutons_deux

05-14-2021, 10:48 PM

https://mail.google.com/mail/u/0?ui=2&ik=c5ffe9fe07&attid=0.1&permmsgid=msg-a:r1706436011061547589&th=1796c32c3e85661c&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ-Dz-OQmXdzanGZWDT36KaIcDcGaLK44z6eiKzVyr4JCYdGImI-5qAmoL-3kFbS7pGJTBK3bd5u3EK95Yhqyv0anEFzLFbdNX0V6kDmL_clY r3biugu9Nsk-FI&disp=emb&realattid=ii_kooo7qq40

boutons_deux

05-14-2021, 10:50 PM

U.S. small business closures are ticking back toward Covid pandemic highs

According to a new report from Facebook and the Small Business Roundtable, 22% of U.S. small and medium businesses were closed in February.
At the peak in May, the pandemic saw 23% of small and medium businesses closed.
“It continues to be a very painful time for small businesses,” said John Stanford, co-executive director of the Small Business Roundtable.

https://www.cnbc.com/2021/04/09/small-business-closures-tick-back-toward-covid-pandemic-highs.html

Winehole23

05-17-2021, 07:12 PM

what a dick

1394384815605129220

coyotes_geek

05-17-2021, 08:39 PM

By republican standards, Abbott is late to this party tbh.......

boutons_deux

05-17-2021, 09:17 PM

Repugs are bribed to be pro-Capital, so they are anti-Labor, blocking Federal free money is meant to punish unemployed back to shitty jobs, low-pay, no benefits, no OT, no vacation, no sick days, which most of that falls on blacks and browns

Winehole23

05-17-2021, 10:49 PM

By republican standards, Abbott is late to this party tbh.......it's dumbern hell to to turn down the money

coyotes_geek

05-18-2021, 09:13 AM

it's dumbern hell to to turn down the money

Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his announcement last week. (https://www.npr.org/2021/05/10/995518597/americans-will-lose-unemployment-benefits-if-they-turn-down-jobs-biden-says)

Winehole23

05-18-2021, 09:19 AM

Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his announcement last week. (https://www.npr.org/2021/05/10/995518597/americans-will-lose-unemployment-benefits-if-they-turn-down-jobs-biden-says)the connection between supplemental UI and people not returning to work is pure folklore

coyotes_geek

05-18-2021, 09:23 AM

the connection between supplemental UI and people not returning to work is pure folklore

Tell that to Joe.

Winehole23

05-18-2021, 09:24 AM

Eehh, it's not quite that simple. NPC-Red will cheer Abbott's decision and NPC-Blue will boo it, but in between those two groups there is a legitimate discussion to be had about the tradeoff between providing the aid and the consequences of providing a disincentive to people from returning to work. Biden acknowledged as much with his that conversation is bullshit. the connection between supplemental UI and people not returning to work in hospitality is pure folklore.

1392608014478331905

coyotes_geek

05-18-2021, 09:27 AM

Yet Joe is threatening people that if they get offered a job they need to take it, or else.

And, the President and the Administration will reaffirm the basic rules of the unemployment insurance (UI) program. Anyone receiving UI who is offered a suitable job must take it or lose their UI benefits. A core purpose of the UI program is helping workers get back to work, and UI provides laid-off workers with temporary assistance to help pay bills and relieve hardship. By reaffirming these rules and purposes, the Administration will ensure that the UI program continues to support workers and facilitate hiring.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/05/10/fact-sheet-president-biden-announces-additional-steps-to-help-americans-return-to-work/

Winehole23

05-18-2021, 09:35 AM

Yet Joe is threatening people that if they get offered a job they need to take it, or else.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/05/10/fact-sheet-president-biden-announces-additional-steps-to-help-americans-return-to-work/normality theater, I don't answer for Joe.

coyotes_geek

05-18-2021, 09:42 AM

A democrat president and a bunch of republican governors all acting as if they share the same concern feels different than normality theater.

ChumpDumper

05-18-2021, 09:43 AM

Winehole23

05-18-2021, 10:48 AM

A democrat president and a bunch of republican governors all acting as if they share the same concern feels different than normality theater.actually, bipartisanship is optimal for normality theater.

you show the bosses you care by punching poor, sick, disabled and just plain unlucky people in the mouth, in unison.

TimDunkem

05-18-2021, 10:56 AM

Texas if Greg Faggot wasn't Gov:

https://i.imgur.com/R3CcOUU.jpg
https://imgur.com/R3CcOUU
https://imgur.com/R3CcOUU
https://imgur.com/a/CCEm4jH

Winehole23

05-18-2021, 11:12 AM

EU: stagflationary headwinds

1394534056713404421

Winehole23

05-18-2021, 12:35 PM

shit like this?

sure, no problem

https://s.hdnux.com/photos/01/17/77/45/20969824/8/1200x0.jpg

https://www.houstonchronicle.com/news/investigations/article/unfair-burden-part-1-texas-tax-corporations-covid-16164744.php

Winehole23

05-18-2021, 12:36 PM

“The lion’s share of the program’s tax bounty — 60 percent (https://comptroller.texas.gov/economy/fiscal-notes/2020/nov/313.php) — goes to refineries, chemical plants, liquified natural gas facilities, and other fossil-fuel projects concentrated along the Gulf Coast (https://www.texasobserver.org/the-9-billion-school-finance-problem-in-speaker-bonnens-backyard/),” the Texas Observer (https://www.texasobserver.org/texas-largest-corporate-welfare-program-is-leaving-companies-flush-and-school-districts-broke/)recently reported. “Oil and gas giants that have long bossed Texas, like Exxon Mobil, Chevron Phillips, Dow Chemical, and Enterprise Products Partners, have each saved hundreds of millions in property taxes thanks to Chapter 313.”

The fossil fuel industry is not the only beneficiary of the program: Chapter 313 is slated to funnel tens of millions of dollars to Tesla (https://www.houstonchronicle.com/business/article/Tax-break-program-to-cost-Texas-1-billion-a-year-15507765.php), which is owned by the world’s second wealthiest man, Elon Musk.

Proponents of the tax subsidy program have argued that it creates jobs. But a recent Houston Chronicle investigation (https://www.houstonchronicle.com/news/investigations/article/unfair-burden-part-2-tax-program-costs-spiral-16164758.php) found that the program “now costs more than $1.1 million in tax breaks per new job” and reported that “by any metric, costs are rising — and there’s no telling how high they’ll go.” The newspaper also reported (https://www.houstonchronicle.com/news/investigations/article/unfair-burden-part-1-texas-tax-corporations-covid-16164744.php) that “at least 30 companies failed to fulfill their job-creation promises since 2019 but faced no repercussions.”

boutons_deux

05-18-2021, 01:09 PM

Hundreds of PPP Loans Went to Fake Farms in Absurd Places

An online lending platform called Kabbage sent

378 pandemic loans worth $7 million to fake companies (mostly farms)

with names like “Deely Nuts” and “Beefy King.”

https://www.propublica.org/article/ppp-farms

Kabbage collected fees for defrauding taxpayers.

coyotes_geek

05-18-2021, 04:36 PM

actually, bipartisanship is optimal for normality theater.

you show the bosses you care by punching poor, sick, disabled and just plain unlucky people in the mouth, in unison.

Not quite in unison. Joe wants to "punch" them in September, Abbott and his fellow republican governors would like to do it a couple of months before that.

Winehole23

05-18-2021, 04:47 PM

Not quite in unison. Joe wants to "punch" them in September, Abbott and his fellow republican governors would like to do it a couple of months before that.I thank coyotes_geek for correcting the timeline, the result is roughly the same.

boutons_deux

05-18-2021, 04:56 PM

boutons_deux

05-20-2021, 09:21 AM

https://scontent-dfw5-2.xx.fbcdn.net/v/t1.6435-9/p843x403/188482811_10157531682986324_7713625105656290742_n. jpg?_nc_cat=100&ccb=1-3&_nc_sid=825194&_nc_ohc=uCIgacqDStgAX82mPRY&_nc_ht=scontent-dfw5-2.xx&tp=6&oh=d93c7d7aff52e049d7574dbdc2581248&oe=60CCC2CA

Winehole23

05-20-2021, 09:42 AM

... but Federal $100Ms, costing TX nothing, for the unemployed are stoppedit's weird how the more local it gets, the more politics posters get turned off.

the TX lege only comes around every two years, it's not like there are a lack of juicy topics this time around. but no, very light posting.

Trainwreck2100

05-20-2021, 12:51 PM

it's weird how the more local it gets, the more politics posters get turned off.

the TX lege only comes around every two years, it's not like there are a lack of juicy topics this time around. but no, very light posting.

Adelson's wife trying to get her filthy hands in our market should be news but nobodies saying shit

Robz4000

05-20-2021, 04:24 PM

Adelson's wife trying to get her filthy hands in our market should be news but nobodies saying shit

Whats this about?

Trainwreck2100

05-20-2021, 04:35 PM

Whats this about?

There's a push to get casinos legalized here being funder by her, they were astroturfing it as this amazing job creation bullshit, the oklahoma/LA gambling lobbyists paid off the right people so it dies, sucks that it's also tied to legalizing sports gambling though, I'm for that. They're trying to get it on the ballot and then will probably astroturf the shit out of it
https://www.texastribune.org/2021/05/11/texas-casinos-legislature-defeat/

Winehole23

05-20-2021, 04:43 PM

Adelson's wife trying to get her filthy hands in our market should be news but nobodies saying shitthe casino shit died again.

Trainwreck2100

05-20-2021, 04:52 PM

the casino shit died again.

yeah but the amount of money she put in was some real seed money

Winehole23

05-20-2021, 04:57 PM

yeah but the amount of money she put in was some real seed moneyhow much?

Trainwreck2100

05-20-2021, 05:22 PM

how much?
Gave 500k to abbot and spent like 4mil on lobbyists. Like i said OK probably already had their guys paid up

coyotes_geek

05-20-2021, 05:30 PM

OK & LA have way too much to lose. We'll have legal MJ in Texas before we have casinos.

Trainwreck2100

05-20-2021, 06:06 PM

OK & LA have way too much to lose. We'll have legal MJ in Texas before we have casinos.

True but us not getting sportsbooks legal sucks alot

Back on the subject of shit not being talked about enough is Abbott keeping Billions of Fed government money out of public schools for "reasons"

leemajors

05-20-2021, 06:45 PM

True but us not getting sportsbooks legal sucks alot

Back on the subject of shit not being talked about enough is Abbott keeping Billions of Fed government money out of public schools for "reasons"

He released about 11 billion 3 weeks ago, who knows what happens with the other 7 billion.

boutons_deux

05-20-2021, 07:35 PM

Only about one in 28 unemployed people actually turned down jobs to stay on expanded unemployment, Fed study says

Beefed-up unemployment had a "small" impact on workers looking for jobs, a new Fed paper shows.
Labor market data show on average, just one worker out of 28 chose UI over accepting a job offer.
The authors said the $300 weekly benefit likely affected "employers' perception :lol of worker availability."

https://www.businessinsider.com/unemployment-labor-shortage-expanded-people-turned-down-jobs-fed-2021-5

employers' "perception" :lol and Repug lies as the fabrication for screwing red state workers out of Federal PUA.

Similar was shown in 2020 when weekly PUA was $600

the Repug-screwed red state workers will still vote for Repugs to keep screwing them

boutons_deux

05-27-2021, 01:19 PM

Republicans blame unemployment aid for restaurant hiring woes.

Restaurant workers say something else

“The staffing issue has actually a lot more to do with the conditions that the industry was in before covid and people not wanting to go back to that, knowing what they would be facing with a pandemic on top of it,”

“People are forgetting that restaurant workers have actually experienced decades of abuse and trauma. The pandemic is just the final straw.”

”I’ve seen the number of people who are passionate about the restaurant industry slowly ebb away over the last 20 years,”

it’s because the server’s minimum wage hasn’t changed. There is this belief that servers and bartenders are interchangeable.”

Restaurant workers were already underpaid and undervalued, lacking benefits and stability, working hours that make it difficult to have a family or social life—

and then a pandemic in which they suffered disproportionately was piled onto that, with long layoffs during shutdowns and

customers and employers willing to endanger their health when restaurants reopened.

surveyed 2,000 restaurant workers and found that 26% had left the industry. It’s kind of a wonder the number isn’t higher, under the circumstances.

Restaurant workers are telling us that their work environments were just barely sustainable before the pandemic piled on its traumas.

https://www.dailykos.com/stories/2021/5/26/2032114/-Republicans-blame-unemployment-aid-for-restaurant-hiring-woes-Restaurant-workers-say-something-else

boutons_deux

06-07-2021, 11:46 AM

Black Unemployment 57% Higher Than National Number

https://247wallst.com/jobs/2021/06/06/black-unemployment-57-higher-than-national-number/

White supremacists drink to that

boutons_deux

06-07-2021, 11:57 AM

35% of Small Businesses Risk Financial Failure This Summer

Despite expedited COVID vaccinations,
eased restrictions in many states, and
accelerated re-openings of several different industries across the U.S.,

Alignable’s June Revenue Poll shows that 35% of all small business owners are still at risk of closing...

Alignable’s June Revenue Poll (https://www.alignable.com/forum/alignable-35-of-smbs-at-risk-during-the-summer-of-21?utm_campaign=June&utm_medium=Press&utm_source=Press) results reflect

cumulative negative effects of COVID,

inflationary pressures including the rising prices of gas, supplies and employees,

as well as increasing labor shortages.

In fact, 55% of those polled said they're having trouble finding employees, up 5% from last month.

Beyond those challenges, several polltakers reported that they are still not fully open.

Some say they've had to take a second job to keep their small business afloat long enough

to see if it actually has a chance to recover after COVID subsides.

https://www.cpapracticeadvisor.com/small-business/news/21225400/35-of-small-businesses-risk-financial-failure-this-summer

Thanks, Trash and your sycophantic mafia.

Thread

06-07-2021, 12:36 PM

boutons_deux

06-08-2021, 07:06 AM

Stimulus Checks Substantially Reduced Hardship, Study Shows

Researchers found that sharp declines in food shortages, financial instability and anxiety coincided with the two most recent rounds of payments.

the two latest rounds of aid significantly improved Americans’ ability to buy food and pay household bills and reduced anxiety and depression, with the largest benefits going to the poorest households and those with children.

Among households with children, reports of food shortages fell 42 percent from January through April. A broader gauge of financial instability fell 43 percent. Among all households, frequent anxiety and depression fell by more than 20 percent.

the largest declines in measures of hardship coincided with the $600 checks (https://www.nytimes.com/2020/12/29/us/treasury-sending-600-stimulus-checks.html) that reached most people in January and the $1,400 checks (https://www.nytimes.com/2021/03/12/business/stimulus-checks-this-weekend.html) mostly distributed in April.

“We see an immediate decline among multiple lines of hardship concentrated among the most disadvantaged families,”

there is no clear way to measure whether the benefits were worth the costs. :lol quality of American human life isn't worth measuring? :lol

the aggressive use of stimulus checks coincides with growing interest in broad cash payments as a tool in social policy, and

the evidence that they can have an immediate effect on the economic strains afflicting many households could influence that debate.

critics of such aid often warn that the needy might waste it. :lol critics = racists, Repugs, Capitalists

5.2 million children had escaped food insufficiency since the start of the year, a figure he called dramatic. :lol "wasting" food on poor children

the American Enterprise Institute, :lol questioned the reliability of the census data :lol Capitalist tool

https://www.nytimes.com/2021/06/02/us/politics/stimulus-checks-economic-hardship.html

racist Confederate / red states know exactly whom they are hurting by stopping FREE Federal unemployment assistance months early

boutons_deux

06-11-2021, 12:24 PM

Half of the pandemic's unemployment money may have been stolen

Unemployment fraud during the pandemic could easily reach $400 billion, according to some estimates, and

the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.
They all knew fraud was inevitable, but decided getting the money out to people who desperately needed it was more important than laboriously making sure all of them were genuine.

at least 70% of the money stolen by impostors ultimately left the country, much of it ending up in the hands of criminal syndicates in China, Nigeria, Russia and elsewhere.

"These groups are definitely backed by the state,"

Much of the rest of the money was stolen by street gangs domestically, who have made up a greater share of the fraudsters in recent months.

"Mules" — low-level criminals — are given debit cards and asked to withdraw money from ATMs. That money then gets transferred abroad, often via bitcoin.

After unemployment insurance became the primary vehicle by which the U.S. government tried to keep the economy afloat, however, all that changed.

Unemployment became where the big money was — and

was also being run by bureaucrats who weren't as quick to crack down on criminals as private companies normally are.

Unemployment fraud is now offered on the dark web on a software-as-a-service basis, much like ransomware.

States without fraud-detection services are naturally targeted the most.

https://www.axios.com/pandemic-unemployment-fraud-benefits-stolen-a937ad9d-0973-4aad-814f-4ca47b72f67f.html

Winehole23

06-18-2021, 07:03 PM

two bazookas, which one was bigger?

1406036923655860226

Winehole23

06-20-2021, 11:24 PM

CDC eviction moratorium ends in 11 days.

boutons_deux

06-21-2021, 01:25 AM

Facing staffing issues, American Airlines cancels hundreds of flight

American Airlines canceled more than 200 flights over the weekend due to staffing shortages, and

expects to cut more daily through July.

The company scrapped 123 flights on Saturday and 178 flights on Sunday,

with 97 more canceled for Monday.

All airlines are dealing with staffing issues connected to the coronavirus pandemic;

in March 2020, when air travel all but stopped, thousands of employees were laid off or accepted buyouts,

and now that people are flying again, there aren't enough workers.

American Airlines said its catering contractor and wheelchair operators also aren't fully staffed.

https://theweek.com/travel/1001743/facing-staffing-issues-american-airlines-cancels-hundreds-of-flights

boutons_deux

06-28-2021, 07:59 AM

Unemployment wasn't keeping people from work as Republicans claimed —

data shows something else could be happening

Republicans promoted the conspiracy theory that Americans weren't going back to work amid the COVID-19 pandemic because they were too busy living the comfortable life on the U.S. dime.

Data now shows that they were wrong.

in Missouri when federal pay for the unemployed was scrapped, workers still were being choosy.

Gov. Mike Parson (R) proudly proclaimed that his state would be among the first to kill unemployment benefits.

It still hasn't worked, however.

"Work-force development officials said they had seen virtually no uptick in applicants since the governor's announcement,

which ended a $300 weekly supplement to other benefits,"

the online job site Indeed found that

in states that have abandoned the federal benefits, clicks on job postings were below the national average."

"Clearly part of the problem now is that what employers and what workers think is out of whack."

With fewer child care options, already high costs are soaring. If someone makes less money working and paying for child care,

then it makes more sense to stay at home.

the high cost of health and safety is the factor.

they contract COVID from unvaccinated co-workers or customers, they could hurt family members or their children and be bankrupt from health expenses.

people now know how in-demand they are and are better able to negotiate for higher pay, better benefits and things most good companies provide.

public benefits have made people "very complacent." :lol $300/week? $7.50/hour?

"In St. Louis, a single person needs to earn $14 an hour to cover basic expenses at a minimum standard,"

"Add a child, and the needed wage rises just above $30.

Two adults working with two children would each have to earn roughly $21 an hour."

many workers have felt that they were the ones being taken advantage of by companies,

now it appears they're refusing to be part of that system.

Of the 34 employers and agencies at a Maryland job fair, many were

willing to increase pay by $1 an hour. :lol

"They're offering $10, $12, $13," ... "There's no point in being here."

He works two jobs, but even his job at McDonald's pays $15 an hour.

the free market is delivering a harsh blow to low-paying employers.

https://www.rawstory.com/republican-unemployment-lie

https://www.nytimes.com/2021/06/27/business/economy/jobs-workers-unemployment-benefits.html

boutons_deux

06-28-2021, 03:15 PM

Southwest Airlines cancels and delays 1000s of flights. Again.

https://www.mysanantonio.com/news/local/article/Southwest-Airlines-cancels-and-delays-flights-16278594.php

boutons_deux

06-28-2021, 06:43 PM

U.S. Braces for Evictions Wave as Moratorium End Nears;

Some 6M Tenants Owe Back Rent

https://www.newsweek.com/us-braces-evictions-wave-moratorium-end-nears-some-6m-tenants-owe-back-rent-1604749

boutons_deux

06-29-2021, 12:21 PM

MORE THAN $425 MILLION PROMISED FOR RENTAL ASSISTANCE DIDN’T MAKE IT TO TENANTS OR THEIR LANDLORDS

Some states failed to get pandemic aid to renters promptly.

Some spent it on other things.

And some never set up an assistance program in the first place.

facing possible eviction despite bold promises by governors to help renters after Congress passed the sweeping CARES Act in March 2020.

set aside at least $2.6 billion from the CARES Act’s Coronavirus Relief Fund to prop up struggling renters,

but a year later, more than $425 million of that — or 16% — hadn’t made it into the pockets of tenants or their landlords,

https://publicintegrity.org/inequality-poverty-opportunity/covid-divide/rental-assistance-did-not-go-to-tenants-landlords

boutons_deux

07-01-2021, 06:48 AM

This Company Got a $10 Million PPP Loan,

Then Closed Its Plant and Moved Manufacturing Jobs to Mexico

Many American businesses received millions in federal pandemic aid intended to protect workers, but exploited loopholes and rule changes to lay off those employees anyway.

An analysis of applications for trade adjustment assistance, which the federal government provides to workers whose jobs have disappeared due to imports, shows that

at least half a dozen companies that applied for more than a million dollars apiece in PPP loans terminated more than 50 workers in 2020 after their aid was approved.

https://www-propublica-org.cdn.ampproject.org/v/s/www.propublica.org/article/this-company-got-a-10-million-ppp-loan-then-closed-its-plant-and-moved-manufacturing-jobs-to-mexico/amp

Winehole23

07-01-2021, 10:08 AM

City of London related

Financial services set for carve-out from new global tax rules (https://www.afr.com/companies/financial-services/financial-services-sector-set-for-carve-out-from-new-global-tax-rules-20210701-p585yn)

boutons_deux

07-07-2021, 07:30 AM

Mitch McConnell Admits Democrats Deserve All The Credit For $4 Billion Coming To Kentucky

The Kentucky senator acknowledged that his state would benefit from the American Rescue Plan, even though he voted against the funds.

Under the American Rescue Plan, Kentucky stands to get $4 billion. Cities and counties are set to gain as much as $800 million to help them recover from the pandemic.

But he made it clear that he had nothing to do with that money. In fact, he and every other Republican in Congress opposed the American Rescue Plan.

“This doesn’t make sense. It’s wildly out of proportion to where the country is now,” he said.

“Well, it passed on a straight party-line vote. Not a single member of my party voted for it.”

“So you’re going to get a lot more money,” he added.

“I didn’t vote for it, but you’re going to get a lot more money. :lol

Cities and counties in Kentucky will get close to $700 or 800 million.

If you add up the total amount that will come into our state ― $4 billion. ...

So my advice to members of the legislature and others ― local officials ― is to spend it wisely,

because hopefully this windfall doesn’t come along again.”

https://www.huffpost.com/entry/mitch-mcconnell-kentucky-benefit-american-rescue-plan_n_60e4a6aee4b0b7636a7e7ba1

Frenchfred

07-07-2021, 02:25 PM

at some point, they'll have to go get the money from the big corporations and rich people who took most of it. It is not possible to continue this way.

Thread

07-07-2021, 02:25 PM

at some point, they'll have to go get the money from the big corporations and rich people who took most of it. It is not possible to continue this way.

Nazi's!!!

Winehole23

08-01-2021, 02:40 AM

Nancy Pelosi is either callous, out to lunch or both

https://pbs.twimg.com/media/E7lcJUdVEAITMK0?format=jpg&name=small

Thread

08-01-2021, 05:17 AM

Nancy Pelosi is either callous, out to lunch or both

https://pbs.twimg.com/media/E7lcJUdVEAITMK0?format=jpg&name=small

My ass, Winester. This is on mother fucker Biden, bub. Don't try that Nancy Pelosi happy horseshit. Uh, uh.

Let us proceed...

boutons_deux

08-01-2021, 09:11 AM

at some point, they'll have to go get the money from the big corporations and rich people who took most of it. It is not possible to continue this way.

It is possible for the oligarchy to continue indefinitely, totally detached from, immune to the shitty lives of the non-oligarchy

The only solution, historically when an oligarchy forces a country into unrelenting shittiness, is violent revolution:

USA,
China,
Russia,
France,
Cuba

There won't be violent revolution in USA. The next phase will be Capitalist/Christian Nationalist fascism, sooner like 2024, or later, but fasism is inevitable.

boutons_deux

08-01-2021, 11:19 AM

boutons_deux

08-01-2021, 11:20 AM

student loan payment deferral ends 1 Oct

The Trump-Made Pandemic shit is continuing to hit the fan

Winehole23

08-01-2021, 11:22 AM

A tsunami of deferred debt is about to hit homeowners

no longer protected by a foreclosure moratorium

https://www.washingtonpost.com/business/2021/08/01/tsunami-deferred-debt-is-about-hit-homeowners-no-longer-protected-by-foreclosure-moratoriumSomewhat location dependent.

Steve Adler's orders on Friday extend eviction protections in Austin and Travis County.

https://www.austintexas.gov/sites/default/files/files/Health/COVID/OrderNo-20210730-031-OCR-PDF.pdf

boutons_deux

08-01-2021, 11:29 AM

Somewhat location dependent.

Steve Adler's orders on Friday extend eviction protections in Austin and Travis County.

https://www.austintexas.gov/sites/default/files/files/Health/COVID/OrderNo-20210730-031-OCR-PDF.pdf

I expect Adler to be pre-empted by Abbutt, who is bribed by creditors, landlords to protect their revenue.

Winehole23

08-03-2021, 12:23 AM

the more goodies, the more social good, and vice versa

1422286237390487552

Winehole23

08-03-2021, 12:34 AM

Democrats control the House, the Senate and the Presidency.

Pelosi is begging an executive branch agency to do what Congress or POTUS could and should do.

1422204908506394628

Winehole23

08-03-2021, 12:36 AM

the White House is begging Congress to do something

https://pbs.twimg.com/media/E7y0biCXsAMCKG5?format=png&name=small

Winehole23

08-03-2021, 12:38 AM

for those not paying close attention, Congress just left town for summer vacation

boutons_deux

08-03-2021, 10:45 AM

Democrats control the House, the Senate and the Presidency.

Bullshit. Repugs control Senate, since the Dems have only 48 Senators MAX.

boutons_deux

08-03-2021, 10:49 AM

The lapsed eviction moratorium is the Supreme Court’s fault

Democrats are too busy infighting to place blame where it belongs.

in late June, the Supreme Court signaled that this moratorium must expire at the end of July (https://www.vox.com/2021/6/30/22556498/supreme-court-alabama-association-realtors-hhs-brett-kavanaugh-eviction-moratorium-housing-covid), effectively leaving many renters without protection.

In theory, most of these renters — and their landlords — should have received federal housing assistance.

Over the course of the pandemic, Congress allocated $45 billion in rent relief to help people struggling financially due to Covid-19.

But the state and local governments charged with distributing these funds have struggled to disburse them quickly (https://www.vox.com/22429430/renters-rent-relief-eviction-moratorium-housing-market).

https://www.vox.com/22605752/eviction-moratorium-supreme-court-brett-kavanaugh-nancy-pelosi-aoc-housing-congress

Winehole23

08-03-2021, 10:58 AM

bullshit.

it's not SCOTUS's fault Biden and Dems in Congress did nothing about it except wring their hands once it was too late

boutons_deux

08-03-2021, 11:03 AM

Estimated that back rent amounts to $50B

boutons_deux

08-03-2021, 12:37 PM

bullshit.

it's not SCOTUS's fault Biden and Dems in Congress did nothing about it except wring their hands once it was too late

corrupt rightwing SCOTUS chose to limit the time, was not forced to, fully knowing the Dems couldn't get 60 in the Senate.

I read that Biden's team figured if they challenged SCOTUS on the time limit and extended the moratorium, they would lose.

So corrupt rightwing legislating-from-the-bench SCOTUS is the PRIMARY culprit, not the Dems.

boutons_deux

08-04-2021, 11:13 AM

Jobs data suggest states that cut off enhanced unemployment benefits did not boost rehiring

https://theweek.com/unemployment/1003354/jobs-data-suggest-states-that-cut-off-enhanced-unemployment-benefits-did-not

that was just Repugs cruelly punching down on their own voters, but especially on poor blacks and browns

Winehole23

08-04-2021, 12:32 PM

corrupt rightwing SCOTUS chose to limit the time, was not forced to, fully knowing the Dems couldn't get 60 in the Senate.

I read that Biden's team figured if they challenged SCOTUS on the time limit and extended the moratorium, they would lose.

So corrupt rightwing legislating-from-the-bench SCOTUS is the PRIMARY culprit, not the Dems.CDC and WH's belated actions put the lie to that lame excuse.

boutons_deux

08-05-2021, 08:31 AM

CDC and WH's belated actions put the lie to that lame excuse.

Dems know the Repugs will block any legislation to extend

CDC works for Biden who figured SCOTUS would block extension.

The entire sh!tshow is on corrupt rightwing, screw-the-poor / enrich-the-rich SCOTUS that blocked the extension.

The Repugs will ask SCOTUS to kill the extension, and SCOTUS will.

boutons_deux

08-05-2021, 08:33 AM

boutons_deux

08-05-2021, 09:19 AM

Nearly half of US states withdrew federal unemployment benefits early.

It has not incentivized a return to work

a total of 26 states are without federal unemployment.

Ultimate Kronos Group (UKG), a payroll management firm,

has noted that trends among hourly workers suggest that

the return to work pace is approximately half of the expected rate. (https://www.cnbc.com/2021/08/04/early-end-to-federal-unemployment-pay-in-26-states-not-getting-people-to-work.html)

https://www.alternet.org/2021/08/nearly-have-of-us-states-withdrew-federal-unemployment-benefits-early-it-has-not-incentivized-a-return-to-work-data/

boutons_deux

08-05-2021, 11:22 AM

Democrats Took Millions From Real Estate Interests Before Allowing Eviction Moratorium to End

"Real estate developer money unites the Democratic Party."

the Democrats' inaction was directly benefiting some of the party's biggest backers in the real estate industry.

the real estate brokerage firm Marcus & Millichap and the real estate investment trust Essex Property Trust donated $1 million to the House Majority PAC on June 1, days after the CDC extended (https://www.rocketlawyer.com/blog/2021-eviction-moratorium-extension-and-tenant-covid-relief-update-928520) the moratorium until late June.

Chairman George Marcus also donated $263,400 that same month to a committee that benefits the Democratic Congressional Campaign Committee (DCCC) and House Speaker Nancy Pelosi's campaign, and

contributed at least $6.5 million to PACs that work to elect Democrats to the Senate and House.

the chairman part of a group of landlords whose personal fortunes increased by nearly $25 billion since the pandemic began—

both Marcus & Millichap and Essex Property Trust stood to benefit from the eviction moratorium being allowed to expire.

https://www.commondreams.org/news/2021/08/03/democrats-took-millions-real-estate-interests-allowing-eviction-moratorium-end

Thread

08-05-2021, 11:43 AM

Thread

08-05-2021, 11:46 AM

Thread

08-05-2021, 11:50 AM

What a surprise!

Landlord groups ask federal judge to halt new CDC eviction ban

The filing argues that the new CDC order is an extension of the previous moratorium,

which the Supreme Court has ruled the agency didn't have the authority to issue.

https://www.nbcnews.com/politics/politics-news/landlord-groups-ask-federal-judge-halt-new-cdc-eviction-ban-n1275998

The states have had the money the entire time, they just won't disperse it. It's money from home, and daddy-O, there ain't nothin' better than money from home.

Let, no, make mother fucker Biden decree that they send it out to the landlords toot sweet.

Bet he don't, bouts.

Winehole23

08-08-2021, 01:32 PM

or, organize and sue

1424372431876202505

Winehole23

08-09-2021, 10:37 PM

something to this, i think.

expectations have been reset by COVID. there are political implications to that.

https://pbs.twimg.com/media/E8W1xVoWEAAq3zX?format=png&name=largehttps://nymag.com/intelligencer/2021/08/americas-inflation-debate-is-fundamentally-confused.html

boutons_deux

08-13-2021, 08:50 PM

Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record

POINTS

The University of Michigan’s consumer sentiment index tumbled to 70.2 in its preliminary August reading.
That was the lowest reading since 2011.
The dramatic decline comes as the delta variant of Covid-19 has spread rapidly across the United States, leading some states and cities to reinstate mask mandates and other health restrictions.

https://www.cnbc.com/2021/08/13/consumer-sentiment-measure-falls-to-pandemic-era-low-sees-one-of-largest-drops-on-record.html

pgardn

08-13-2021, 08:57 PM

Thread

08-13-2021, 09:02 PM

Winehole23

08-15-2021, 03:14 PM

1426997826085703684

boutons_deux

08-22-2021, 05:36 PM

Despite Delta Threat,

Biden Admin Supports Letting Critical Jobless Aid Expire

"Ending UI benefits while the pandemic still rages is cruel, period."

With nearly eight million people set to lose federal unemployment benefits in just over two weeks (https://www.commondreams.org/news/2021/08/06/inexcusably-cruel-75-million-set-lose-jobless-benefits-labor-day),

the Biden administration on Thursday made clear that it supports allowing the pandemic-related jobless aid programs to expire, even as the highly transmissible Delta variant wreaks havoc across the United States.

https://www.commondreams.org/news/2021/08/20/despite-delta-threat-biden-admin-supports-letting-critical-jobless-aid-expire

====================

So far, ending pandemic unemployment aid has not yielded extra jobs

American states that cut off supplemental benefits have seen

increases in hardship, but not in employment

https://www.economist.com/graphic-detail/2021/08/20/so-far-ending-pandemic-unemployment-aid-has-not-yielded-extra-jobs

Winehole23

08-24-2021, 12:55 PM

1430222397165215746

Thread

08-24-2021, 03:12 PM

1430222397165215746

{{{-Seniors won't get dental, vision, hearing & home care}}}

ding, ding, ding,,,that's the one!!!

boutons_deux

08-25-2021, 02:39 PM

Cutting unemployment insurance benefits did not boost job growth

July state jobs data show a widespread recovery

Key takeaways:

The July state employment and unemployment data released Friday showed that strong job growth is widespread throughout the country, including in leisure and hospitality and state and local governments.
States that chose not to cut federal pandemic unemployment insurance (UI) benefits have, on average, experienced greater job growth since April than the 26 largely Republican-controlled states that cut benefits to unemployed workers.
Leisure and hospitality employment has grown at a quicker rate in states that preserved full UI benefits than in those that cut federal assistance.
However, with a nationwide jobs shortfall of between 6.6 and 9.1 million jobs, the economic recovery is still far from complete. Policymakers at every level of government should take action to help speed the recovery.

https://www.epi.org/blog/cutting-unemployment-insurance-benefits-did-not-boost-job-growth-july-state-jobs-data-show-a-widespread-recovery

boutons_deux

08-26-2021, 06:34 AM

the Repug cruelty of inhumane Capitalism

Unemployment Cutoffs Mainly Made Workers Poorer, Research Suggests

Jobless workers in states that cut federal benefits early had much less money but were only slightly likelier to have found jobs.

Republican governors canceled federal unemployment (https://www.huffpost.com/impact/topic/unemployment) benefits earlier this summer to prod the unemployed into taking jobs,

but new research suggests most people who lost benefits remained unemployed.

In the Republican-led states that ended federal benefits in June, only one out of every eight workers found a job by early August, according to an academic analysis of thousands of workers’ incomes (https://files.michaelstepner.com/pandemicUIexpiration-paper.pdf).

On average, workers in cutoff states lost $278 per week in benefits and gained just $14 in earnings ― meaning they collectively recovered only about 5% of their lost income. They spent $145 less per week.

“I was getting $363 a week and I could buy things,” Meyer said. “Now I can’t buy anything.”

Meyer, 57, worked as a home health aide until the pandemic. Now she babysits for her daughter and is wary of getting a new job because it could be risky for her health.

“I can’t really make myself get a job around here with all the maskless people and the delta variant exploding,”

The cutoffs did not entirely fail to produce the intended outcome, since the research suggests that workers in states that cut benefits were slightly likelier to take jobs.

Nearly 25% of workers receiving benefits in April subsequently received paychecks, compared to 21.5% in states that kept benefits,

the missing unemployment compensation could have resulted in something like $2 billion less consumer spending, meaning the states that cut benefits may have harmed their own economies.

“It generated a small increase in job finding and earnings went up a bit, but it’s a lot smaller than the drop in benefits,”

https://www.huffpost.com/entry/unemployment-benefits-jobs_n_611fc092e4b0e5b5d8e97e60

boutons_deux

08-26-2021, 09:15 PM

BostonGlobe (https://bostonglobe.us11.list-manage.com/track/click?u=90f9e490a860897c7155feca1&id=88ba8716f7&e=3ae3948659) email

The Capitalist-tools SCOTUS6 conservatives have no limit to their ACTIVIST cruelty

"The Supreme Court’s conservative majority is allowing evictions to resume across the United States,

blocking the Biden administration from enforcing a temporary ban that was put in place because of the coronavirus pandemic.

Roughly 3.5 million people in the United States said they faced eviction in the next two months, according to Census Bureau data from early August."

Is there a Constitutional issue involved, or is the SCOTUS6 political whores in robes simply governing from the bench, usurping (Dem) Exec branch?

boutons_deux

08-26-2021, 09:20 PM

"Only about $5.1 billion of the $46.5 billion in aid had been disbursed by the end of July, according to figures released on Wednesday (https://www.nytimes.com/2021/08/25/us/politics/eviction-rental-assistance.html), as bureaucratic delays at the state and local levels snarled payouts."

The majority opinion, which was unsigned, said the Centers for Disease Control and Prevention had exceeded its authority.

“If a federally imposed eviction moratorium is to continue,” the opinion said, “Congress must specifically authorize it.”

https://www.nytimes.com/2021/08/27/us/eviction-moratorium-ends.html

Why can't Biden extend the moratorium by EO?

America, a failed state, failed by Capitalists and their legislative/judicial hirelings

Winehole23

08-27-2021, 07:52 AM

around 90% of federal rental assistance is unspent, but that makes sense in the scenario where landlords have rights and tenants have means tested solutions; and also where states are not given assistance to administer aid programs during a pandemic driven economic downturn.

1431079478252523522

Winehole23

08-27-2021, 08:06 AM

Evictions may have helped spread disease and death

"Evictions may have accelerated COVID-19 transmission by decreasing individuals' ability to socially distance," said the study's senior author, Frederick Zimmerman, a professor of health policy and management at the UCLA Fielding School of Public Health.

Researchers focused on data from Washington, D.C., and 43 states with eviction moratoriums. Twenty-seven of the states lifted the moratoriums before September 2020, and 17 of them extended them at least until September.

The study suggests the United States experienced 433,700 more COVID-19 cases and 10,700 more deaths during the summer of 2020 than it would have if eviction moratoriums remained in place. In total, the nation experienced more than 6.3 million cases of COVID-19 by September 2020 and about 193,000 people died by that time.

"The expiration of eviction moratoriums was associated with increased COVID-19 incidence and mortality, which supports the public-health rationale for eviction prevention to limit COVID-19 cases and deaths," said Dr. Craig Pollack, associate professor at the Johns Hopkins Bloomberg School of Public Health.
https://spectrumnews1.com/ca/la-west/housing/2021/07/26/ucla-led-study-finds-covid-deaths-increased-when-eviction-moratoriums-expired

boutons_deux

08-31-2021, 07:55 AM

https://ci3.googleusercontent.com/proxy/30qC_XBfiXFtHCMDFr5_B9LFlxSSxhGWahTBUCG1-krasE0_IhKbaOQW1GM9clehMwcRRLs0iIk8CJDzGfkfJDTUTel 83aSph9XJTZtzbWBRkqaAvLMIu8_bIMxO_xjXpA5tMPDoMWXut UzI_Ri-K7W-czkt4w=s0-d-e1-ft#https://mcusercontent.com/ff1bc9abb222ec965ded81e5e/images/fc6ea2e1-dabc-14c8-4a36-3c7aad660539.jpg

Households receiving assistance almost doubled in June. Over 25% of those were in Texas, with nearly 70,000 households approved that month.

According to the Census Bureau's Household Pulse Survey, about 15% of renters were behind on rent at the end of July. Out of that group, 29% lost employment income in the previous four weeks. About a third of that 15% of renters are one month behind. Sixty-seven percent who can't make rent are two or more months behind.

States lag in distributing rental assistance while millions are behind on rent

https://usafacts.org/articles/states-lag-in-distributing-rental-assistance-while-millions-are-behind-on-rent/

Winehole23

09-07-2021, 08:45 AM

emergency UI ended on Labor Day

Two primary anchors of the government’s COVID protection package are ending or have recently ended. Starting Monday, an estimated 8.9 million people will lose all unemployment (https://apnews.com/article/business-health-pandemics-coronavirus-pandemic-jobless-claims-382a89695d83991a42f23e8da3fe7fa9)benefits. A federal eviction moratorium already has expired.https://apnews.com/article/covid-19-safety-net-ending-unemployment-evictions-bca43d873a61a9059c72fe15b88b9a9a

Thread

09-07-2021, 02:44 PM

emergency UI ended on Labor Day

https://apnews.com/article/covid-19-safety-net-ending-unemployment-evictions-bca43d873a61a9059c72fe15b88b9a9a

On mother fucker Biden's tab, Winester.

ha, ha.

baseline bum

09-07-2021, 02:48 PM

On mother fucker Biden's tab, Winester.

ha, ha.

You're so ungrateful, you're $1400 ahead thanks to 46, Warnock, and Ossoff.

Thread

09-07-2021, 02:51 PM

You're so ungrateful, you're $1400 ahead thanks to 46, Warnock, and Ossoff.

I'm short the $600x2=$1200 because Biden stole it from me and President Trump.

That wasn't right, bum, right?

baseline bum

09-07-2021, 02:55 PM

I'm short the $600x2=$1200 because Biden stole it from me and President Trump.

That wasn't right, bum, right?

Ridiculous, all you were getting was the $600 out of Trump if 46, Warnock, and Ossoff weren't elected. With Biden, Warnock, and Ossoff you got the other $1400.

Thread

09-07-2021, 03:04 PM

Ridiculous, all you were getting was the $600 out of Trump if 46, Warnock, and Ossoff weren't elected. With Biden, Warnock, and Ossoff you got the other $1400.

BS! I was promised a fresh 2k/independent of what 45 gave me if the two Georgia democrats got in there. They got in there. Biden gives me $1400 and tells me to get the rest from 45..."Get the rest from the guy you voted for, chump, tee, hee."

That ain't right, bum, right?

baseline bum

09-07-2021, 03:11 PM

BS! I was promised a fresh 2k/independent of what 45 gave me if the two Georgia democrats got in there. They got in there. Biden gives me $1400 and tells me to get the rest from 45..."Get the rest from the guy you voted for, chump, tee, hee."

That ain't right, bum, right?

LOL Trump saying he was going to get you $2000 and then not fighting for it at all and getting that number dropped to $600. Lucky for you Biden, Warnock, and Ossoff got you that other $1400 that not a single Republican in the senate wanted to provide you. But you voted against your self interest even though it was clear Biden, Warnock, and Ossoff were your only chance at getting Trump's empty promise actually filled.

Thread

09-07-2021, 03:17 PM

LOL Trump saying he was going to get you $2000 and then not fighting for it at all and getting that number dropped to $600. Lucky for you Biden, Warnock, and Ossoff got you that other $1400 that not a single Republican in the senate wanted to provide you. But you voted against your self interest even though it was clear Biden, Warnock, and Ossoff were your only chance at getting Trump's empty promise actually filled.

- "I want my money, Henry!"

- "Morrie" - "Goodfellas"

baseline bum

09-07-2021, 03:21 PM

- "I want my money, Henry!"

- "Morrie" - "Goodfellas"

And you got it thanks to your President, Joseph Robinette Biden.

Xevious

09-07-2021, 03:30 PM

emergency UI ended on Labor Day

https://apnews.com/article/covid-19-safety-net-ending-unemployment-evictions-bca43d873a61a9059c72fe15b88b9a9a
It's time tbh. People have had a year and a half to figure out how to make an income.

Winehole23

09-07-2021, 04:06 PM

It's time tbh. People have had a year and a half to figure out how to make an income.Great, you can update this thread with the news of mass hirings.

Fwiw, COVID is still wrecking our society and the US economy is still 5-6 million jobs short of where it was before April of last year.

It's politically stupid and socially cruel to do this now. Pandemic isn't over.

Winehole23

09-07-2021, 05:19 PM

Also, Federal pandemic relief isn't over for small businesses yet. The SBA is lobbying to include even more in the upcoming reconciliation bill.

The gravy train for owners appears to be intact for the time being.

1435307641794822148

1421240341349474314

Xevious

09-07-2021, 10:25 PM

Great, you can update this thread with the news of mass hirings.

Fwiw, COVID is still wrecking our society and the US economy is still 5-6 million jobs short of where it was before April of last year.

It's politically stupid and socially cruel to do this now. Pandemic isn't over.
The pandemic isn't going to be over for a long while. We have the tools and knowledge to keep most everybody safe while returning to the workforce (whether we use them or not is another discussion).

Winehole23

09-08-2021, 05:36 AM

The pandemic isn't going to be over for a long while. We have the tools and knowledge to keep most everybody safe while returning to the workforce (whether we use them or not is another discussion).Federal pandemic assistance for businesses still good, assistance to regular folks needs to stop.

Got it :tu

Winehole23

09-08-2021, 05:38 AM

just curious, is there some reason your "they had enough time to figure out how to make money" rationale doesn't apply to businesses too?

Winehole23

09-08-2021, 06:22 AM

fwiw, it appears that the inverse relationship between COVID and jobs still holds: in August COVID went up and hiring went down.

~500,000 jobs short of the estimate.

Xevious

09-08-2021, 07:25 AM

just curious, is there some reason your "they had enough time to figure out how to make money" rationale doesn't apply to businesses too?
I never said it didn't.

Winehole23

09-08-2021, 07:34 AM

I never said it didn't.well, we live in the world where it doesn't

boutons_deux

09-08-2021, 07:54 PM

Vast Expansion in Aid Kept Food Insecurity From Growing Last Year

Despite the economic downturn, government figures for 2020 show no overall rise in hunger of the sort typical in past recessions.

But some groups still suffered.

Despite the sudden loss of 20 million jobs at the start of the coronavirus pandemic,

food insecurity among Americans remained unchanged last year, the government reported (https://www.ers.usda.gov/webdocs/publications/102076/err-298.pdf?v=5472.7)Wednesday,

in what researchers called a testament to a vast expansion of government aid.

“There was no scenario in March of 2020 where I thought food insecurity would stay flat for the year.

The fact that it did is extraordinary.”

Food insecurity did rise among some groups, including households with children, Black Americans, and households in the South.

The gap between Black and white households, which was already large, widened further,

with 21.7 percent of Black households experiencing food insecurity, compared with 7.1 percent of white households.

That is a gap of 14.6 percentage points, up from 11.2 points in 2019, before the pandemic struck.

https://www.nytimes.com/2021/09/08/us/politics/vast-expansion-aid-food-insecurity.html

all y'all's systemic racism is doin great, congrats. Non-whites always screwed, cradle to (early) grave

boutons_deux

09-10-2021, 10:31 PM

https://mail.google.com/mail/u/0?ui=2&ik=c5ffe9fe07&attid=0.1&permmsgid=msg-a:r926953422818104269&th=17bd2e8914b46e84&view=fimg&sz=s0-l75-ft&attbid=ANGjdJ-FUPn63Yb5ZWTRiw5pcYxrKhvAs3mKfKJ5H4_AwJHVzgp3r6NQz KJGSnGzUbM3dA-9rPw9eMgmIy3F9s0BIlfWbk9vgdWkoNQyezaDXZxWUAcqNMAK-TnChaw&disp=emb&realattid=ii_ktf8e09j0

boutons_deux

09-15-2021, 09:25 PM

Business Travel, Conventions, Office Occupancy Stuck in Collapse:

Been so Long, People Forgot What Old Normal Was

Hotel business travel revenues expected to be down by 80% at top 20 destinations in 2021.

the all-important and lucrative business travel revenues – corporate, group, government, and other commercial travel – are expected to be down by $59 billion in 2021 from 2019,

For the 20 largest destinations in the US,

hotel business travel revenues are expected to collapse by 80% from $38 billion in 2019 to $7.6 billion in 2021

https://wolfstreet.com/2021/09/15/business-travel-conventions-office-occupancy-stuck-in-collapse-mode-its-been-so-long-people-forgot-what-the-old-normal-even-was/

Winehole23

09-21-2021, 12:49 PM

had to be done to satisfy President Manchin

1440357672763604993

Thread

09-21-2021, 12:55 PM

Winehole23

10-01-2021, 11:26 AM

back to your regularly scheduling dying so rich folks don't have to downsize their yacht or their investments in crypto

silly peasants

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Winehole23

10-04-2021, 10:22 AM

the CARES Act was the best official act of Trump's presidency

1445026861868847111

boutons_deux

10-04-2021, 03:40 PM

the CARES Act was the best official act of Trump's presidency

1445026861868847111

Trash had no input, gets no credit

Winehole23

10-04-2021, 03:49 PM

Trash had no input, gets no creditRepublicans passed it and Trump signed it.

Sorry you're still going through this.

boutons_deux

10-04-2021, 03:56 PM

Republicans passed it and Trump signed it.

Sorry you're still going through this.

Both parties had input, Trash had no input, gets no credit. I should charge you rent for living your fucking head

"Sorry you're still going through this." have no original shit to replace this hackneyed shit?

Winehole23

10-04-2021, 04:10 PM

Both parties had input, Trash had no input, gets no credit. I should charge you rent for living your fucking head

"Sorry you're still going through this." have no original shit to replace this hackneyed shit?I barely ever talk to you and seldom check your posts, tbh.

Glad to know I'm living in your head rent-free.

boutons_deux

10-04-2021, 07:01 PM

Texas Company Offers Truckers $14K a Week During Tough Times for the Trucking Industry

https://altdriver.com/country/texas-company-offers-drivers-14k-a-week-during-truck-driver-shortage/

there was already huge lack of drivers before The Trash-Made Pandemic

boutons_deux

10-09-2021, 09:33 AM

GOP governors who ended unemployment benefits failed to spur job growth, September numbers suggest

Republicans tend to blame poor jobs numbers on expanded unemployment insurance.

The numbers tell a different story

https://www.alternet.org/2021/10/unemployment/

Cruelty is The Point -- Adam Serwer

boutons_deux

10-22-2021, 03:03 PM

Republicans Proven Wrong:

States That Kept Extended Unemployment Created More Jobs

An analysis of state-by-state data by The Associated Press found that workforces in the 25 states that maintained the $300 payment actually grew slightly more from May through September,

according to data released Friday, than they did in the 25 states that cut off the payment early, most of them in June.

The $300-a-week federal check, on top of regular state jobless aid, meant that many of the unemployed received more in benefits than they earned at their old jobs.

https://www.politicususa.com/2021/10/22/republicans-proven-wrong-states-that-kept-extended-unemployment-created-more-jobs.html

Winehole23

11-17-2021, 03:06 AM

To him who has, more will be given

ProPublica, using its trove of IRS records (https://www.propublica.org/series/the-secret-irs-files), identified at least 18 billionaires who received stimulus payments, which were funded by U.S. taxpayers, in the spring of 2020. Hundreds of other ultrawealthy taxpayers also got checks.

The wealthy taxpayers who received the stimulus checks got them because they came in under the government’s income threshold. In fact, they reported way less taxable income than that — even hundreds of millions less — after they used business write-offs to wipe out their gains.

ProPublica found 270 taxpayers who collectively disclosed $5.7 billion in income, according to their previous tax return, but who were able to deploy deductions at such a massive scale that they qualified for stimulus checks. All listed negative net incomes on tax returns.

Consider two stimulus recipients with similarly huge incomes in 2018. Timothy Headington is an oil mogul, real estate developer and executive producer of such films as “Argo” and “World War Z,” and he’s (https://www.forbes.com/profile/timothy-headington/?sh=334070b8d997)worth $1.4 billion (https://www.forbes.com/profile/timothy-headington/?sh=334070b8d997). He had $62 million in income in 2018, but after $342 million in write-offs, his final result was negative $280 million. The same was true of Rennert, whose $64 million in income that year was erased by $355 million in deductions, for a final total of negative $291 million

https://www.propublica.org/article/these-billionaires-received-taxpayer-funded-stimulus-checks-during-the-pandemic

Winehole23

11-23-2021, 10:22 AM

To him who hasn't, promised help will be withheld and what little he has, taken away

1463152946753982468

boutons_deux

12-22-2021, 02:23 PM

Secret Service: Nearly $100B stolen in pandemic relief funds

Nearly $100 billion at minimum has been stolen from COVID-19 relief programs set up to help businesses and people who lost their jobs due to the pandemic

based on Secret Service cases and data from the Labor Department and the Small Business Administration,

The Secret Service didn’t include COVID-19 fraud cases prosecuted by the Justice Department.

Most of that figure comes from unemployment fraud. The Labor Department reported about $87 billion in unemployment benefits could have been paid improperly, with a significant portion attributable to fraud.

The Secret Service said it has seized more than $1.2 billion while investigating unemployment insurance and loan fraud and has returned more than $2.3 billion of fraudulently obtained funds by working with financial partners and states to reverse transactions. The Secret Service says it has more than 900 active criminal investigations into pandemic fraud, with cases in every state, and 100 people have been arrested so far.

https://apnews.com/article/coronavirus-pandemic-health-pandemics-us-secret-service-9d5c43814ef2c1ffb45c2a6f4e13faa9

Winehole23

01-05-2022, 10:33 AM

Congress worried it might not be doing enough to take care of private businesses that didn't plan for an uncertain future or save enough money for a rainy day.

Culture of dependency, soft bigotry of low expectations, etc..

1478745958922043402

Winehole23

08-17-2022, 08:35 AM

https://pbs.twimg.com/media/FaS8Uw7VUAUkpm2?format=jpg&name=900x900

https://tax.thomsonreuters.com/news/10-year-statue-of-limitations-established-for-paycheck-protection-program-loan-fraud/

Winehole23

01-03-2024, 10:11 AM

congress critters got recourse free PPP loans worth millions, now they're leaning on the SBA to claw back defaults under $100,000

Several GOP senators and House members have put the SBA in their sights regarding the pandemic-era loans, with the agency telling lawmakers they are going to collect repayments from defaulted Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loan (EIDL) loans under $100,000.https://www.foxbusiness.com/politics/small-business-administration-collect-covid-loans-after-pressure-iowa-republican

Thread

01-03-2024, 10:17 AM

congress critters got recourse free PPP loans worth millions, now they're leaning on the SBA to claw back defaults under $100,000

https://www.foxbusiness.com/politics/small-business-administration-collect-covid-loans-after-pressure-iowa-republican

Somebody has to make up the difference that Biden is handing out to the Nazi's in Ukraine, Winestein. & we're an easy mark.

Winehole23

06-26-2024, 07:53 PM

Underemphasized: the firehouse of free money aimed at banks and nonbanks since 2008.

Also underemphasized: banks have been screwing private savers for even longer

Capitalism as we knew it died in 2008.

The Fed Posts Historic Operating Losses As It Pays Out 5.40 Percent Interest to Banks
Monthly Operating Losses at Federal Reserve

By Pam Martens and Russ Martens: June 26, 2024 ~

According to Federal Reserve data, for the first time in its history, the Fed has been losing money on a consistent monthly basis since September 28, 2022. As of the last reporting date of June 19, 2024, those losses add up to a cumulative $176 billion. As the chart above using Fed data shows, the losses thus far in 2024 have ranged from a monthly high of $11.076 billion in February to a low of $5.674 billion in May.

These losses are separate and distinct from the unrealized losses the Fed is experiencing on the debt securities it holds on its balance sheet. It does not mark those losses to market since it intends to hold the securities to maturity and their principal is guaranteed at maturity by the U.S. government.

The losses shown in the above chart are actual cash operating losses that result from the fact that the Fed is earning significantly less interest on its debt securities than the high rates of interest the Fed is paying out to depository banks on their reserves held at the Fed; to mutual funds on its reverse repo operations; and in dividend payments to the banks that are shareowners of the 12 regional Fed banks.

Interest on Reserve Balances (IORB): 5.40 Percent

Since July 27 of last year, or one month shy of a year, the Fed has been paying 5.40 percent interest on reserve balances held by banks at the Fed. A significant part of that generous payout has been going to megabanks like JPMorgan Chase and Bank of America. The graphic below, taken from BankRate.com this morning, shows that these megabanks aren’t passing along that generosity to their customers’ savings accounts, since those savings accounts continue to pay the preposterously low rate of 0.01 percent interest, despite 11 rate hikes by the Fed since 2022.

Interest Rate Paid on Savings Accounts, as Shown at BankRate.com on June 26, 2024

A detail that goes missing in mainstream media reports on this generous payout by the Fed is that the Fed and banking system were able to survive for 95 years without the Fed paying any interest on bank reserves. The Fed began paying interest on reserves at a time when the megabanks on Wall Street were in the process of imploding during their self-inflicted financial crisis of 2008 and needed every handout they could conjure up from the Fed. The Fed explains the origination of this policy as follows on one of its website pages from 2008:

“The Financial Services Regulatory Relief Act of 2006 originally authorized the Federal Reserve to begin paying interest on balances held by or on behalf of depository institutions beginning October 1, 2011. The recently enacted Emergency Economic Stabilization Act of 2008 accelerated the effective date to October 1, 2008.”

At the time Congress was pressured into passing this legislation by Wall Street sycophants, it was unaware that the Fed would be conducting three years of secret backroom bailout programs (2007-2010) that would eventually tally up to a cumulative $29 trillion, according to a detailed analysis by the Levy Economics Institute using data the Fed was eventually forced to release.

Reverse Repurchase (Repo) Agreement Operations (RRPs): 5.30 Percent

In addition to paying out 5.40 percent interest on bank reserve balances, the Fed has been paying the hefty rate of 5.30 percent on its reverse repo operations since July 28, 2023. (To track the interest rate the Fed has paid on its reverse repos, put your cursor on any point on the graph linked here.)

Dividend Rate to Bank Shareholders of Federal Reserve Regional Banks: 6 Percent

The highest interest rate of all paid by the Fed is the 6 percent dividend that the Fed pays to the member shareholder banks that own the 12 regional Fed banks. If those banks have assets of $10 billion or less, they receive the 6 percent dividend. Shareholder banks with assets larger than $10 billion receive a dividend which is the lesser of 6 percent or the yield on the 10-year Treasury note at the most recent auction prior to the dividend payment. How long has the 6 percent dividend rate been in effect? Since the creation of the Fed in 1913. In other words, during busts and bailouts, when the Fed has also been shoveling trillions of dollars in secret loans to its member banks, that 6 percent dividend has been protected.

Think Tank Fallout

In January, two researchers, Paul Kupiec and Alex Pollock, put the cash operating losses at the Fed into broader perspective with a detailed report published at the think tank, American Enterprise Institute (AEI). The researchers wrote:

“Notwithstanding the claims made by current and former Federal Reserve officials, the Fed’s cash operating losses and unrealized interest rate losses have already changed the way the Fed conducts monetary policy. In the past, when the Fed wanted to raise rates or shrink member bank reserve balances, it would sell SOMA [System Open Market Account] securities. But today, with the market value of its SOMA securities approximately $1 trillion less than their book value, selling these securities would immediately turn huge unrealized mark-to-market losses into actual cash losses. To avoid reporting such embarrassing losses, the Fed has committed to hold these securities until they mature to ‘avoid’ a loss, thus constraining its monetary policy options.

“The Fed’s official plan is to shrink the size of its balance sheet by letting its SOMA securities mature over time. But if interest rates stay elevated, the Fed’s unrealized market value losses will systematically turn into cash operating losses because the Fed will keep paying more to finance its securities than the yield it earns on SOMA securities. FRBs’ [Federal Reserve Banks’] operating losses could continue for a long time.”

Kupiec and Pollock further suggest that the Fed is engaged in a dangerous confidence game:

“As long as the public and financial market participants retain confidence in the FRB’s unsecured deposits, FRBs [Federal Reserve Banks] can continue to pay banks billions in interest and dividend payments while operating at a loss, deeply technically insolvent, and with asset shortfalls. Aided by an implicit guarantee, taxpayers will bear the burden of accumulating Federal Reserve losses that are hidden by Federal Reserve accounting policies and not included in reported government deficit statistics.”

For how the U.S. taxpayer is on the hook for the Fed’s losses, see our May 2020 report: Taxpayers Are on the Hook for 98 Percent of the Fed’s $6.98 Trillion Balance Sheet. (As of June 19 of this year, the Fed’s balance sheet was $7.3 trillion.)link