OT - Dow plunges 1,175 - worst point decline in history

[echappist]

Originally Posted by fiamme red

https://www.nytimes.com/2020/03/26/b...-stimulus.html

A nice gift for Trump and Kushner and their real estate developer friends.

A program costing 100x what the derisively named “Obama Phone” costs.

Some really gnaw at the fact that the poor might receive something from the gov’t, then remains silence when something a lot more egregious happens (benefitting the really rich and costing 100x)

[Clean39T]

...

[MattTuck]

Our system is broken, completely and fundamentally broken.

[jlwdm]

Originally Posted by MattTuck

Our system is broken, completely and fundamentally broken.

The US is still the country of great opportunity though.

Jeff

[sipmeister]

Originally Posted by azrider

Here is what was included in the $2 Trillion stimulus package:



$100,000,000 to NASA

$20,000,000,000 to the USPS

$300,000,000 to the Endowment for the Arts

$300,000,000 for the Endowment for the Humanities

$15,000,000 for Veterans Employment Training

$435,000,000 for mental health support

$30,000,000,000 for the Department of Education stabilization fund

$200,000,000 to Safe Schools Emergency Response to Violence Program

$300,000,000 to Public Broadcasting / NPR

$500,000,000 to Museums and Libraries

$720,000,000 to Social Security Admin

$25,000,000 for Cleaning supplies for the Capitol Building

$7,500,000 to the Smithsonian for additional salaries

$35,000,000 to the JFK Center for performing Arts

$25,000,000 for additional salary for House of Representatives

$3,000,000,000 upgrade to the IT department at the VA

$315,000,000 for State Department Diplomatic Programs

$95,000,000 for the Agency of International Development

$300,000,000 for International Disaster Assistance

$300,000,000 for Migrant and Refugee Assistance pg 147

$90,000,000 for the Peace Corp pg 148

$13,000,000 to Howard University pg 121

9,000,000 Misc Senate Expenses pg 134

$100,000,000 to Essential Air carriers pg 162

$40,000,000,000 goes to the Take Responsibility to Workers and Families Act. Pg 164

$1,000,000,000 Airlines Recycle and Save Program pg 163

$25,000,000 to the FAA for administrative costs pg 165

$492,000,000 to National Railroad Passenger Corporation (Amtrak) pg 167

$526,000,000 Grants to Amtrak pg 168

Hidden on page 174 the Secretary has 7 days to allocate the funds & notify Congress.

$25,000,000,000 for Transit Infrastructure pg 169

$3,000,000 Maritime Administration pg 172

$5,000,000 Salaries and Expensive Office of the Inspector General pg 172

No oter ID to get a ballot, & anonymous “ballot harvesting” pg 650

$2,500,000 Public and Indian Housing pg 175

$5,000,000 Community Planning and Development pg 175

$2,500,000 Office of Housing

$1,500,000,000 Tenant-Based Rental Assistance Office of Public and Indian Housing. 1,000,000,000 of which can be used as "additional administrative and other expenses". pg 176

$720,000,000 to the public housing fund pg 177

$100,000,000 for Community Block Grants for Native Americans pg 183

$250,000,000 for Housing Block Grants for Tribes pg 182

$130,000,000 for AIDS Housing pg 185 - $20,000,000 of which goes to one time grantees

$15,000,000,000 for the Community Development Fund pg 188

Only $10,000,000 of which is set aside for infrastructure for fighting infectious disease pg 191

$5,000,000,000 in Homeless Assistance pg 193

$100,000,000,000 for Rental Assistance - pg 198

An additional $7,000,000 enforce the Fair Housing Act - pg 203

Paid Family Leave for Sickness is 2 paid work weeks pg 213

Emergency Family Leave
Now applies to all employers not just companies over 500 employees pg 208

Guarantees paid leave to employees who have an in-law who gets sick pg 209

Opens up leave for some if you are in a "committed relationships with" pg 212

$1,000,000,000 for more Obamaphones

$227,000,000 for grants to States for youth activities pg 80

$261,000,000 for grants to States for dislocated worker employment and training activities, including supportive services and needs-related payments; pg 80

$10,000,000 for Migrant and Seasonal
Farmworker Programs

$100,000,000 for ‘‘Job Corps’’

$15,000,000 for ‘‘Program Administration’’

$6,500,000, to the ‘‘Wage and Hour Division’’

$30,000,000, to OSHA

$10,000,000 for Susan Harwood training grants

$1,300,000,000, for ‘‘Primary Health Care’’

$75,000,000, for ‘‘Student Aid Administration’’

$9,500,000,000, for ‘‘Higher Education’’

What a bunch of waste.

[jlwdm]

That is a lot of money for USPS. I don't understand why we have mail delivery 6 days a week still. Most mail does not need to be that timely. Also, email has eliminated so much mail.

Two or three days a week should be adequate.

Jeff

[jlwdm]

Originally Posted by Clean39T

And the Obama-fone isn't so much a giveaway to the poor as a subsidy to telecom anyway.....

It's like if the .gov gave away a million Chevy Volts to low-income families - sure, it'd help the families, but it would be an even bigger stimulus for GM.

Sent from my Pixel 2 XL using Tapatalk

GM no longer makes the Volt.

Jeff

[kppolich]

Originally Posted by jlwdm

That is a lot of money for USPS. I don't understand why we have mail delivery 6 days a week still. Most mail does not need to be that timely. Also, email has eliminated so much mail.

Two or three days a week should be adequate.

Jeff

You want to tell that to the amazon shoppers and ebayers who freak out if they have to wait more than 3 days? I don't think so.

[Tony T]

Originally Posted by mtechnica

What’s the word on the street about the bill passing in the house?

NYT: House leaders will try at noon to pass the measure by voice vote, but they could fail if Mr. Massie follows through on his threats to object. That would mean a majority of the chamber would have to cast votes in person.

[jtbadge]

Cutting USPS services is a surefire way to grind the economy to a halt, yet here we are again discussing that.

As essential as a service gets for the people and business.

[harlond]

Originally Posted by jlwdm

The US is still the country of great opportunity though.

Jeff

This is sarcasm, right?

[kppolich]

Originally Posted by harlond

This is sarcasm, right?

I mean you can learn a skill on youtube for free and start a business and make money and sell the business and have more money. Opportunities are everywhere. Making money on those opportunities is another subject.
Every single business out there was started by a human. I have yet to see a robot create a business.
Every purchase is made by a human. I have yet to see a non human buy something.
So yes, planet earth is still the land of opportunity, not limited to the U.S.

[unterhausen]

In the old days, they would tell Massie that his new offices were in a broom closet somewhere if he didn't play along.

[echappist]

Originally Posted by harlond

This is sarcasm, right?

Of course not. To an up-and-coming, pull-itself-up-by-a-bootstrap, entrepreneurial unicorn of a disease, the U.S. is certainly a land (if not the land) of great opportunities.

Whatever faults one may find with Covid-19, surely one can applaud it for being the platonic ideal of the Horatio Alger success story.

[/s]

[echappist]

Originally Posted by unterhausen

In the old days, they would tell Massie that his new offices were in a broom closet somewhere if he didn't play along.

whatever his faults may be (and they are legion, to be sure), could one imagine LBJ countenancing this sort of behavior?