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originally posted by: choomsuba
Pelosi and her ilk are putting their self interests first instead of those of the hard working American citizens of this country.
originally posted by: Awesomepossum
So your OK with that $500 billion “Exchange Stabilization Fund” AKA slush fund that the most corrupt president in history will be the one overseeing it and deciding who gets it. There is nothing stopping him from awarding his own company billions of dollars.
Not sure who would want Trump to be in charge of something like that.
originally posted by: jtma508
originally posted by: baddmove
originally posted by: Awesomepossum
So your OK with that $500 billion “Exchange Stabilization Fund” AKA slush fund that the most corrupt president in history will be the one overseeing it and deciding who gets it. There is nothing stopping him from awarding his own company billions of dollars.
Not sure who would want Trump to be in charge of something like that.
This is the stupidest thing I have ever read on ATS this year
Period...
THIS is the stupidest thing you've read on ATS? Holy crap man. You need to read more.
No way should ANYONE get a $500B slush fund without any oversight or transparency. We learned that the hard way in 2007-2008
originally posted by: Awesomepossum
Here is some of whats actually in the bill that the GOP wants to pass but the Dems are rightfully blocking!
• The bill includes a $500,000,000,000.00 corporate slush fund with little regulation or restriction, while leaving workers, families and children in the background.
• Corporate stock buyback language, that can be waived by the Treasury Secretary, is weak to say the least!
• Exec compensation limitations, for those accepting aid, only last for two years.
• Regulations on worker retention is weak and includes easy outs for companies; there are no assurances in the language that workers will benefit or be retained.
• There are no specific provisions to protect individuals from eviction, foreclosure or forbearance.
• No money for state and local governments to administer or protect residents during the duration of the crisis .
• No additional SNAP funds.
• No OSHA language to protect workers.
• Only 3 months on Unemployment Insurance with no language in extensions thereafter.
• Direct Payments are not available to the millions of people who did not file a return in 2018 or 2019, including Individuals who did not make enough money (more than about 23K) to file taxes.
- Individuals who make make more than 99K would also not qualify.
• No money to help with the treatment of the uninsured but affected
• No funding for PPE equipment funding for healthcare workers
He is worried about the social impact of Coronavirus and the stigmatizing effect of words. He claims the stigma is more dangerous than the virus itself and he has made every effort to underline this point by repeating it… twice.
Stigma is the most dangerous enemy we face. Stigma is the most dangerous enemy we face.
originally posted by: carewemust
a reply to: Drucifer
Pelosi can make her bill Covid-19 Stimulus package #4.
Pass the Consumer Assistance package #3 as Senate Democrats and Republicans crafted it.
originally posted by: Drucifer
originally posted by: carewemust
a reply to: Drucifer
Pelosi can make her bill Covid-19 Stimulus package #4.
Pass the Consumer Assistance package #3 as Senate Democrats and Republicans crafted it.
While I don’t trust the wording in what was initially presented, I think it’s a lot more likely to move ahead than what Pelosi put forward.
If this doesn’t show the American people that our political system is a f*cking joke, I don’t know what will.
originally posted by: derfreebie
a reply to: The2Billies
The reason she will probably get away with this Cadillac-sized
pork sausage is because the MSM will spin it to the Repubs and
Trump are badmouthing the effort-- just for partisan politics.
originally posted by: Irishhaf
a reply to: face23785
If they are not even debating it or bringing it to a vote, I would say that's all the evidence people should need that she is gonzo, bonkers, alcohol has pickled her brain, I know the true blue koolaid drinkers wont care but the middle ground voters should be irate.
I wonder if she thinks it the 1970s again and they have strong support everywhere still.
Section 407 of the pending House bill:
"15 (c) PERMANENT REQUIREMENTS ON ALL CORPORA16 TIONS RECEIVING FEDERAL AID RELATED TO COVID–
17 19.—Any corporation that receives Federal aid related to
18 COVID–19 shall permanently comply with the following:
19 (1) PAID LEAVE FOR WORKERS.—The corporation shall provide at least 14 days of paid leave to
21 workers (employees and contractors, full-time and
22 part-time) who—
23 (A) are unable to telework;
24 (B) need to be isolated or quarantined to
25 prevent the spread of COVID–19; or
1 (C) need time off to care for the needs of
2 family members.
3 (2) MINIMUM WAGE.—The corporation shall
4 pay each employee (full-time and part-time) of the
5 corporation a wage of not less than $15 an hour, beginning not later than January 1, 2021.
7 (3) LIMITATION ON CEO AND EXECUTIVE
8 PAY.—The corporation may not have a CEO to median worker pay ratio of greater than 50 to 1 and
10 no officer or employee of the corporation may re ceived higher compensation than the chief executive
12 officer (or any equivalent position). "
originally posted by: HalWesten
Hey, at least Nancy is looking out for the corporate workers with her mandated $15/hr by 2021.
This is from the House bill:
Section 407 of the pending House bill:
"15 (c) PERMANENT REQUIREMENTS ON ALL CORPORA16 TIONS RECEIVING FEDERAL AID RELATED TO COVID–
17 19.—Any corporation that receives Federal aid related to
18 COVID–19 shall permanently comply with the following:
19 (1) PAID LEAVE FOR WORKERS.—The corporation shall provide at least 14 days of paid leave to
21 workers (employees and contractors, full-time and
22 part-time) who—
23 (A) are unable to telework;
24 (B) need to be isolated or quarantined to
25 prevent the spread of COVID–19; or
1 (C) need time off to care for the needs of
2 family members.
3 (2) MINIMUM WAGE.—The corporation shall
4 pay each employee (full-time and part-time) of the
5 corporation a wage of not less than $15 an hour, beginning not later than January 1, 2021.
7 (3) LIMITATION ON CEO AND EXECUTIVE
8 PAY.—The corporation may not have a CEO to median worker pay ratio of greater than 50 to 1 and
10 no officer or employee of the corporation may re ceived higher compensation than the chief executive
12 officer (or any equivalent position). "
Highlight is mine.
so there is increased funding for snap that you complained was not in the bill because it was allready passed in a separate bill
Stimulus Phase 2 The package, negotiated by Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi, was signed into law by Trump Wednesday night. It's unclear exactly how much the bill will cost. The Congressional Budget Office has not yet scored it, while the Joint Committee on Taxation estimated it will cost roughly $100 billion. The measure provides: Free coronavirus testing including for the uninsured. Two weeks of paid sick and family leave. Increased federal funds for Medicaid and food security programs, like SNAP. Increased unemployment insurance benefits.
so yeah the two at the bottom are what the dems are screaming slush fund falsely about
Stimulus Phase 3 The Treasury Department released a $1 trillion relief proposal Wednesday that would include industry-specific bailouts and payments to individual taxpayers. The proposal would provide: Two rounds of direct payments to taxpayers, on April 6 and May 18, costing $250 billion each. The amounts would be based on income level and family size. $300 billion in small business loans. (Employers with 500 employees or fewer would be eligible.) A $50 billion bailout for the airline industry. $150 billion to other industries affected, including hotels, casinos, cruise line operators and shopping mall operators. Guaranteed money market mutual funds.
so its kind of his job to administer the funds but some how because trump appointed him its magically bad
Powers and functions The Secretary of the Treasury is the principal economic advisor to the President and plays a critical role in policy-making by bringing an economic and government financial policy perspective to issues facing the government. The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt. The Secretary oversees the activities of the Department in carrying out its major law enforcement responsibilities; in serving as the financial agent for the United States Government; and in manufacturing coins and currency. The Chief Financial Officer of the government, the Secretary serves as Chairman Pro Tempore of the President's Economic Policy Council, Chairman of the Boards and Managing Trustee of the Social Security and Medicare Trust Funds, and as U.S. Governor of the International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development. — U.S. Department of the Treasury Web site[6] The secretary along with the treasurer of the United States must sign Federal Reserve notes before they can become legal tender.[further explanation needed] The secretary also manages the United States Emergency Economic Stabilization fund. Most of the department's law enforcement agencies such as the U.S. Customs Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the U.S. Secret Service were reassigned to other departments in 2003 in conjunction with the creation of the Department of Homeland Security. The salary of the secretary of the treasury is $205,700 annually.
its added 4 months of unemployment payments with 600 per month being added it from fed gov for those on unemployment and adding in gig workers to this as well and they are going with the republican numbers from senate plan
Democrats are pushing for an inspector general and congressional oversight board to oversee the fund. CNBC earlier reported that Mnuchin had agreed to more fund oversight.
boosted money for small business by 50 billion seems most if not all of pelosis shenanigans have been taken out of the bill but they have yet to release it so i cant read it only what cnbc has reported on .
Immediate $2,400 checks for married couples and $500 per child $350 billion for small businesses to set aside for payroll to keep people working
Democrats Told to Expect Two More Virus Bills: Congress Update