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Mnuchin: $3,000 in cash payments for
average family to cope with coronavirus

Original Article

Posted By: Imright, 3/22/2020 10:10:02 AM

Treasury Secretary Steve Mnuchin said a major economic relief package would provide families an average direct cash payment of $3,000 and would give the healthcare industry a massive infusion of $110 billion to cope with the spread of the coronavirus. Mnuchin told Fox News Sunday the relief package that is set for a procedural vote later Sunday will include enhanced unemployment insurance and $4 trillion in liquidity the federal government can use to help businesses survive a drastic economic slowdown for up to 120 days. The measure also includes $350 billion in aid to small businesses to help them retain workers

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Reply 1 - Posted by: Vesicant 3/22/2020 10:12:11 AM (No. 354023)
And they're going to borrow the money from ... the Chinese.
8 people like this.

Reply 2 - Posted by: kono 3/22/2020 10:20:43 AM (No. 354037)
Keep it coming, just give us mo money, mo money, mo money! Wait, though -- what do you mean we don't actually have the money? I guess that means we got mo debt, mo debt, mo debt! With interest you ask? Hell no, I ain't interested no mo!!
10 people like this.

Reply 3 - Posted by: Strike3 3/22/2020 10:25:56 AM (No. 354049)
The perfume and jewelry counters at Target will soon be three layers deep.
12 people like this.

Reply 4 - Posted by: cor-vet 3/22/2020 10:27:36 AM (No. 354052)
Money is no object to the denizens of Washington. PDT originally asked for $2.5 billion, the dems wanted $8.5, so the final amount was $50 billion, w/o Nastys abortion funding. Then PDT said he wanted $850 billion, which immediately grew to $1.5 trillion, and is now at $4 trillion! The amount to each person in the US was $1000, then $1200 and now it's $1500. At least the polititians won't have to resort to insider trading, they're going to have enough pork for all of them and their friends. The treasurys printing presses will be running overtime, but at least there will be plenty of worthless bills to replace the shortage of toilet paper.
15 people like this.

Reply 5 - Posted by: DVC 3/22/2020 10:37:02 AM (No. 354067)
Why not $1,000,000 to everyone, once a month? They say there is fear of a TP shortage.....this should provide all sorts of TP with pictures of dead Presidents on it.
6 people like this.

Reply 6 - Posted by: Midnight Rambler 3/22/2020 10:44:47 AM (No. 354075)
I'm glad I'm not the only one who is uneasy about just handing people money.
19 people like this.

Reply 7 - Posted by: franq 3/22/2020 10:46:16 AM (No. 354076)
A horrible precedent. One of our sons and his wife can use it though. Many do. Just don't squander it...
5 people like this.

Reply 8 - Posted by: snakeoil 3/22/2020 10:47:41 AM (No. 354079)
I hope illegal aliens are not on the free money list. How is it going to be done? Will a helicopter fly over dropping $ 1k bills? Add it to unemployment compensation so that people who need it will be the only ones who get it.
6 people like this.

Reply 9 - Posted by: spacer 3/22/2020 10:48:36 AM (No. 354080)
What is at stake is far more that the china flu. Politics.The entire western economic way of life is on the line. If President Trump does not win this, game over.
10 people like this.

Reply 10 - Posted by: curious1 3/22/2020 10:54:34 AM (No. 354087)
#6, we've been doing that since 1964.
6 people like this.

Reply 11 - Posted by: ginadee 3/22/2020 11:04:51 AM (No. 354096)
I am not a rich person by no means. I subsist on a pension and SS. It takes care of my monthly bills with some left over to put in my savings account. So far in my retirement years I have not had to dig into my savings. (I have a "separate little savings" for me to use at my discretion for personal needs and wants.) Sure, I would like to have more money to spend but I don't really need anything as I live a very simple life with which I am very satisfied with. So if I get a check for whatever amount I am going to donate it to my church's soup kitchen and a food bank. And that will make me happy.
18 people like this.

Reply 12 - Posted by: Nimby 3/22/2020 11:07:50 AM (No. 354099)
Very ill-conceived plan to throw money for all under a certain earning!! Why pay those who are on regular salaries?
10 people like this.

Reply 13 - Posted by: voxpopuli 3/22/2020 11:24:59 AM (No. 354125)
i will wait to see how MY money will go to the AVERAGE family.. i am sure that I won't be getting any.. i AM sure that every SOMALI in mpls/stp WILL..
9 people like this.

Reply 14 - Posted by: msjena 3/22/2020 12:16:13 PM (No. 354198)
Wouldn't it make more sense to spend this kind of money on testing? Test everyone, if necessary, isolate people with the virus or who have been in contact with someone with the virus and let the country get back to work.
1 person likes this.

Reply 15 - Posted by: cor-vet 3/22/2020 12:22:06 PM (No. 354206)
Sorry for the 2nd., but will all those illegals that 'pay taxes also be getting their 'fair' share?
1 person likes this.

Reply 16 - Posted by: Yuban 3/22/2020 12:36:01 PM (No. 354222)
#11, well said.
3 people like this.

Reply 17 - Posted by: lakerman1 3/22/2020 12:51:19 PM (No. 354241)
"Everybody's Kung Flu dancing!"
1 person likes this.

Reply 18 - Posted by: mc squared 3/22/2020 1:42:24 PM (No. 354297)
$3000, Do I hear 5? 6 thousand?
8 people like this.

Reply 19 - Posted by: padiva 3/22/2020 1:48:04 PM (No. 354304)
My place of employment is closed down. I filed for unemployment. I can use the 'big check.' If it is a debit card, I'll get the money off the card ASAP. I suspect that hackers are already figuring out how to steal the money from as many people as possible.
5 people like this.

Reply 20 - Posted by: NYbob 3/22/2020 3:25:50 PM (No. 354377)
Great idea and please make sure there is no way to account for fraud or theft. Of course only those determined to be 'in need' by your average bureaucrat will actually get the money. Also make sure that people who did manage to save something, work as self employed or are living on fixed incomes, will be the ones to pay for this. As always 'public servants' will get theirs first and will pay nothing personally for being the ultimate Santa.
3 people like this.

Reply 21 - Posted by: bad-hair 3/22/2020 4:45:41 PM (No. 354462)
Please just hurry up and get it to me before this market turns around. I'll be ignoring airline stocks, they'll get their own bailout. Solid US pharma companies who are going to shut down their Chinese suppliers sounds like a good start. Already lost the Walmart. They're just the retail outlet for cheap Chinese crap. I suspect this money could go to do something good.
1 person likes this.

Reply 22 - Posted by: hoosierblue 3/22/2020 5:04:45 PM (No. 354474)
I'll see your $3000 and raise you $2000 more. Vote for me!
2 people like this.

Reply 23 - Posted by: RuckusTom 3/22/2020 6:22:11 PM (No. 354529)
The only thing worse than a liberal democrat is a liberal republican.
2 people like this.

Reply 24 - Posted by: ColonialAmerican1623 3/23/2020 12:59:18 AM (No. 354743)
I expect many who need the money won't meet the guidelines and never get a dime while the same old same old will get multiple checks in one household. It's not about US folks.
0 people like this.

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