Notice Stimulus package done !

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So it's loans for small businesses but complete bailouts for multi national and multi million/billion dollar corporations.
 
Natebishop3 said:
Well of course.... do you think those small businesses are lining the pockets of our politicians?
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No shit. Bunch of bullshit all the same. Small businesses are the heart of this country. Now they are forced to take large loans and go into debt to stay open while these corporations get a free trip. Fuck that.
 
Chris Craig said:
No shit. Bunch of bullshit all the same. Small businesses are the heart of this country. Now they are forced to take large loans and go into debt to stay open while these corporations get a free trip. Fuck that.
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I will say this, if you have a small business, please reach out to the bank right now. My inlaws own a bowling alley and they reached out to Umpqua and they're getting a 3 month break on their mortgage with no interest. Umpqua is actually really stepping up in a big way. They're willing to provide an additional 100k loan to small businesses that need it. Call your banks people.
 
Is the pay still based on 2018 income? That screws me since I was working then, retired now, income half what it was.
 
Chris Craig said:
So it's loans for small businesses but complete bailouts for multi national and multi million/billion dollar corporations.
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From what I understand small businesses will be loans but will be converted to grants if they meet certian goals of retaining employees and other incentives.
 
Great news for smallbiz, the self-employed & freelance workers in the new bill!

Unemployment extended to self-employed & gig workers. About time.

Also guaranteed loans will be available to any smallbusiness that keeps its workers & will be FORGIVEN if the biz continues to pay employees!
 
Not sure why it will take until Friday for it to be signed by Trump? This needs to be done immediately.
 
tlongII said:
Not sure why it will take until Friday for it to be signed by Trump? This needs to be done immediately.
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Hasn't been voted on in the senate yet. Also I hear some of the senates already opposing it saying it makes it more lucrative for people to get laid off then to work. So who knows this may not even go through.
 
TorturedBlazerFan said:
Hasn't been voted on in the senate yet. Also I hear some of the senates already opposing it saying it makes it more lucrative for people to get laid off then to work. So who knows this may not even go through.
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Thanks. I thought it was only waiting for House approval.
 
TorturedBlazerFan said:
Hasn't been voted on in the senate yet. Also I hear some of the senates already opposing it saying it makes it more lucrative for people to get laid off then to work. So who knows this may not even go through.
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That was squashed by the incentive bill to allow loan forgiveness for those businesses that are able to retain and continue to pay employees. Did you see the horrendous initial bill put forth by mcconnel and the select few republicans that would allow 500billion to be controlled by trump and Mnuchin as to what corporations that money goes to? That's why I said last week that this bill needs a lot of work and why passing a bad bill is worse.
 
tlongII said:
Not sure why it will take until Friday for it to be signed by Trump? This needs to be done immediately.
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I'm guessing because they had to wait on the fine tuning of the language and on the actual vote itself.
 
If it was $1,200/mo until the pandemic is controlled, I could be happy for people. But one time? If this thing goes until July/august people are still going to be screwed. If people are filing for unemployment (with the surge of applications) that could still take months.

This is very worrisome and really just a bandaid on a large open wound.
 
Natebishop3 said:
Well of course.... do you think those small businesses are lining the pockets of our politicians?
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Our state, Iowa, just introduced a small business grant relief program. $5K to $25K. We got our application on day 1, interested to see if we get approved. We meet all the initial qualifications.
 
MickZagger said:
Since I make more than 75k I don’t get squat?
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From what I read it diminishes from $75K to $99,999K, so still a payment if within that range, but not as much. Thresholds are doubled for couples. My wife is not a citizen, but a permanent resident, so I wonder if she qualifies.
 
CupWizier said:
That was squashed by the incentive bill to allow loan forgiveness for those businesses that are able to retain and continue to pay employees. Did you see the horrendous initial bill put forth by mcconnel and the select few republicans that would allow 500billion to be controlled by trump and Mnuchin as to what corporations that money goes to? That's why I said last week that this bill needs a lot of work and why passing a bad bill is worse.
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I think we basically came to the same conclusion though. I never said to pass a bad bill.
 
Chances for a planned Senate vote on a historic $2 trillion relief package in response to the coronavirus pandemic appeared to dwindle Wednesday as senators threatened to delay it over a key unemployment insurance proposal.

Earlier in the day, four Republican senators — Lindsey Graham and Tim Scott of South Carolina, Ben Sasse of Nebraska and Rick Scott of Florida — threatened not to support the chamber’s push to pass the rescue package through fast-track procedures. They argued a plan to add $600 per week to unemployment insurance for up to four months, a core provision of the near-final legislation, could encourage companies to lay off workers and Americans to stay unemployed.

https://www.cnbc.com/2020/03/25/ber...ten-to-hold-up-coronavirus-stimulus-bill.html
 
I got a brother in law who fakes a back injury, been doing it for a couple years now. Been abusing government assistance. Claiming SS disability. You think his punk ass is going to get a check?
 
Strenuus said:
If it was $1,200/mo until the pandemic is controlled, I could be happy for people. But one time? If this thing goes until July/august people are still going to be screwed. If people are filing for unemployment (with the surge of applications) that could still take months.

This is very worrisome and really just a bandaid on a large open wound.
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Agreed. I can't actually apply for unemployment, because technically I could still work. I just don't want to expose myself or my clients to anything so we've all decided to stop working for the time being.

Since technically I could work, but I chose not to, I'm hosed.
 
julius said:
Agreed. I can't actually apply for unemployment, because technically I could still work. I just don't want to expose myself or my clients to anything so we've all decided to stop working for the time being.

Since technically I could work, but I chose not to, I'm hosed.
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My job? Going to the mailbox to collect my checks except for the ones that are electronically deposited which means I also have to go to the bank and get cash to stuff my pockets with. Life can be tough. Don't tear up, I'll get by somehow.
 
Robert Reich tweeted this a while ago

Graham, Sasse, Rick Scott and Tim Scott holding up bill because it provides unemployment benefits of $600 per week for 4 months. After they voted to give big corps $500,000,000,000. Senators, This is a national emergency. We want people to stay home. What don't you get?
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Why am I not surprised.
 
I think this really shows how much these people care about the American public.

They're playing politics while people are really suffering. They couldn't care less about the average American. It's really sad and I wish people would wake up about it.

If there was ever a time for these guys to put their political crap aside and get something done, this is it.
 
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