Stimulus checks of $600 are coming

[Nithavela]

"While the deal is months late and will likely fall short of what is needed to prevent a rough winter, it's better than nothing," wrote Gregory Daco, chief U.S. economist at Oxford Economics, in a December 21 research note.

Stimulus checks of $600 are coming — here's who will get one

 

[SigurdReginson]

We struggle so hard to get $600 into the hands of people who need it when other first world countries are giving their citizens as much as $2000 in relief every month. Poorer families are struggling to get by here, and small businesses are closing their doors forever. Meanwhile, the richest of the rich seem to be not only weathering this storm just fine, but are even making record profits as if nothing much has changed for them. Doesn't really help us much, since the work they provide is exported to other countries that do the labor for cheaper. Interesting how that works.

 

[GoldenBoy89]

Thanks for the PS5 Uncle Sam!

 

[Tree of Life]

This is $600 per adult and dependent. A family of 6 like mine will receive $3600.

 

[SigurdReginson]

This is $600 per adult and dependent. A family of 6 like mine will receive $3600.

Hmmm... How much money did you get with the last check? Curious.

 

[OldWiseGuy]

We struggle so hard to get $600 into the hands of people who need it when other first world countries are giving their citizens as much as $2000 in relief every month. Poorer families are struggling to get by here, and small businesses are closing their doors forever. Meanwhile, the richest of the rich seem to be not only weathering this storm just fine, but are even making record profits as if nothing much has changed for them. Doesn't really help us much, since the work they provide is exported to other countries that do the labor for cheaper. Interesting how that works.

The stage for that was set decades ago. The first big players were Volkswagen and Pier 1 Imports.

 

[Tree of Life]

Hmmm... How much money did you get with the last check? Curious.

$4400.

 

[grasping the after wind]

I hope this time they only give this $ 600.00 to people that are actually in real need i.e. people that are not unemployed or being subsidized by their employer, on unemployment , social security or welfare that they were on before the virus hit should not get it. Since none of those people is actually in worse financial shape than before the virus it makes absolutely no sense to give them the same benefit that people who actually need it are going to get. That is like slipping Bill Gates a few buck just because the homeless guy got a few bucks.

 

[Tree of Life]

I hope this time they only give this $ 600.00 to people that are actually in real need i.e. people that are not unemployed or being subsidized by their employer, not on unemployment , social security or welfare that they were on before the virus hit should not get it. Since none of those people is actually in worse financial shape than before the virus it makes absolutely no sense to give them the same benefit that people who actually need it are going to get. That is like slipping Bill Gates a few buck just because the homeless guy got a few bucks.

That would be a logistical nightmare.

 

[grasping the after wind]

That would be a logistical nightmare.

Then just don't do it at all.

 

[OldWiseGuy]

I got $150 the first time, probably will get about the same this time. That's ok, I don't really need it. I'll probably give it to my daughter, who is struggling.

 

[OldWiseGuy]

We struggle so hard to get $600 into the hands of people who need it when other first world countries are giving their citizens as much as $2000 in relief every month. Poorer families are struggling to get by here, and small businesses are closing their doors forever. Meanwhile, the richest of the rich seem to be not only weathering this storm just fine, but are even making record profits as if nothing much has changed for them. Doesn't really help us much, since the work they provide is exported to other countries that do the labor for cheaper. Interesting how that works.

The rich won't get much of this money, if any. And the big companies like Amazon are providing a lot of economic activity, bridging the gap so to speak. Also many people are positioned to benefit from this crisis even though they didn't plan to. For example if one has the cash and credit now is a great time to buy real estate as prices will certainly rise once these inflationary dollars permeate the economy. Like they say, "Them that has, gets."

 

[Tree of Life]

Then just don't do it at all.

I'm sorry. I don't have any say in the matter.

 

[Tree of Life]

The rich won't get much of this money, if any. And the big companies like Amazon are providing a lot of economic activity, bridging the gap so to speak. Also many people are positioned to benefit from this crisis even though they didn't plan to. For example if one has the cash and credit now is a great time to buy real estate as prices will certainly rise once these inflationary dollars permeate the economy. Like they say, "Them that has, gets."

Commercial real estate is suffering but residential real estate has been booming all of 2020.

 

[grasping the after wind]

I'm sorry. I don't have any say in the matter.

Then you have no need to worry about the logistics.

 

[Tree of Life]

Then you have no need to worry about the logistics.

I'm not worried. I am grateful to receive the money though.

 

[grasping the after wind]

I'm not worried. I am grateful to receive the money though.

Your welcome. I hope you spend it wisely.

 

[Tree of Life]

Your welcome. I hope you spend it wisely.

Probably will buy another gun.

 

[grasping the after wind]

Probably will buy another gun.

LOL. Chuck and Nancy et al will not approve of that at all. I think it was their intention that it should be use to contribute to one of their PACS.

 

[Nithavela]

I hope this time they only give this $ 600.00 to people that are actually in real need i.e. people that are not unemployed or being subsidized by their employer, on unemployment , social security or welfare that they were on before the virus hit should not get it. Since none of those people is actually in worse financial shape than before the virus it makes absolutely no sense to give them the same benefit that people who actually need it are going to get. That is like slipping Bill Gates a few buck just because the homeless guy got a few bucks.

You're absolutely right. What you're actually supposed to do is slip bill gates a couple million.