President Donald Trump’s administration reportedly told House lawmakers that the direct payment checks from the sweeping $2 trillion COVID-19 relief package could take up to 20 weeks to reach all Americans who are eligible for the payments.
On March 26, Treasury Secretary Steve Mnuchin had promised that the checks would go out “within three weeks.”
“We’ll see what happens.”
We saw.
Imagine that, a Treasury Secretary that doesn’t know the process on how to pay out money?
“. . . the sweeping $2 trillion COVID-19 relief package could take up to 20 weeks to reach all Americans who are eligible for the payments.”
Then it shouldn’t be considered a “stimulus” package. Its effect is diluted over time.
Of course it may be months. The idea is to slow walk it until fall so that when people finally get their checks they can be ever so grateful to the Dear Leader … while they’re living in modern-day Hoovervilles known as TrumpTowns.
ETA Here’s a thought: Due to their interminable incompetence the problem is actually that they can’t figured out how to operate the autopen to put his seismographic signature on the checks.
Funny how the IRS can track down the poors when they’re owed money, but can’t quite seemed to find them now, and funny how this doesn’t happen to corporations.
Trump Admin Says It May Be Months Before All Americans Receive Direct Payment Checks
Reason? Something about the Chinese not being truthful about something…
I wouldn’t put it past this administration to be slow walking it because there will 200,000 fewer checks needed by the time they go out.
I’m sure landlords will be understanding and accept the rent 5 months late. Isn’t that what Kushner would do?
It’s Obama’s fault.
Don’t give them any ideas!
Perhaps somebody can explain the meaning of “stunt” to me. Trump for example, could be said to have a stunted sense of empathy, but he is also a stunt president. Paying money in an election year was always a stunt, we didn’t do as other countries and just order companies or organizations with payrolls to continue paying people, or have management teams take 90% pay cuts. My favorite covid-19 stunt to date was the pray away the corona event on Trump’s “National Day of Prayer” last month. Here he is in Miami on Jan. 3, just three days after being told a SARS-like coronavirus epidemic of epic proportions had broken loose in Hubei Province.
Apparently they send out checks with the same speed they respond to pandemics.
This is utter bunk. If there is one thing treasury is good and efficient at its sending out checks. The 2001 stimulus rebate checks went out fairly expeditiously. Same with the 2008 W. Bush Pelosi stimulus checks of $600 per family. When my accountant does my yearly return and I usually get a refund I receive the check in my mail within a couple of weeks.
Of course. Our overlords and very busy doing other things.
Why does the Federal Reserve need $454 billion from the U.S. taxpayer to bail out Wall Street when it has the power to create money out of thin air and has already dumped more than $9 trillion cumulatively in revolving loans to prop up Wall Street’s trading houses since September 17, 2019 – long before there was any diagnosis of coronavirus anywhere in the world.
The Fed needs that money to create more Special Purpose Vehicles (SPVs) — the same device used by Enron to hide its toxic debt off its balance sheet before it went belly up. With the taxpayers’ money taking a 10 percent stake in the various Wall Street bailout programs offered by the Fed, structured as SPVs, the Fed can keep these dark pools off its balance sheet while levering them up 10-fold.
White House Economic Adviser Larry Kudlow acknowledged plans by the Fed to leverage the money at a White House press
Adding to the suspicions that the Fed doesn’t want to have to battle Freedom of Information Act (FOIA) requests (sunshine law requests) again in court, as it did and lost during the last financial crisis to keep its outrageous $29 trillion bailout program to Wall Street a secret from the public, the Senate-approved stimulus bill repeals the sunshine law for the Fed’s meetings until the President says the coronavirus threat is over or the end of this year. That could make any FOIA lawsuits to unleash details of what’s going on next to impossible since it has been codified in a federal law.
And that’s just their carry-on. They let you do that when you’re a celebrity.
Those that need for food and rent will be the last to receive. Those that should not get anything are working the angles to be first in line. Meanwhile the Senate took another vacation.
Yeah, Obama didn’t left any pens, so there is no way fro Trump to sign the checks.
He used up all the ink in his Sharpie?
