Fed to inject $1.5 TRILLION into the economy

[kalm]

Those are the idiots that aren't thinking long term. I know someone whose brother KNEW he was getting fired. He was offered a job that pays $4k less and he declined it. And know he's unemployed, with a wife who isn't working b/c schools are closed and they have a daughter.

Ironically, all 3 of them are on the spectrum somewhere but they're still functional. Just idiots.

And now taxpayers are left holding the bag for those idiots. Great example of the flaws and issues created by the welfare state.

I know a girl who got pregnant twice as a teenager. She went on to a degree and ended up with a good paying job for a debt collection service.

(After she made bad decisions, was lazy on welfare raising two kids with a delinquent dad, and received financial aid to improve herself)

[SDHornet]

No. I don't blame anyone that games it as an employee or an employer. I'm concerned for the small businesses that get hurt by the disruption to the labor market who can't simply just raise salaries & prices.

Not just people making 30k a yr. For ex in WA the max weekly unemployment, according to the previous link, is $790. So now $1390 with the $600 weekly supplemental added on, the weekly pay of someone making 72k+ a yr. Heck, you'll have people making more than that taking advantage- sacrifice a few hundred a week for a nice paid 4 month sabbatical.

Yeah...they should just go get a real job over these next 4 months or something!

Or go back to the job they lost when/if it comes back...

...oh wait, won't make as much as they are compared to the new unemployment rates so why bother...

...which is the issue with the higher unemployment rates.

Should have just added allowable duration to collecting unemployment bennies, or increased the one time payout amount. I don't think anyone is surprised that this "bailout" the congresscritters passed is going to be a total clusterfuck.

[SDHornet]

And now taxpayers are left holding the bag for those idiots. Great example of the flaws and issues created by the welfare state.

I know a girl who got pregnant twice as a teenager. She went on to a degree and ended up with a good paying job for a debt collection service.

(After she made bad decisions, was lazy on welfare raising two kids with a delinquent dad, and received financial aid to improve herself)

Unfortunately she is likely an exception and not the rule. Wish more of these cases turned out for the better.

[Chizzang]

No. I don't blame anyone that games it as an employee or an employer. I'm concerned for the small businesses that get hurt by the disruption to the labor market who can't simply just raise salaries & prices.

Not just people making 30k a yr. For ex in WA the max weekly unemployment, according to the previous link, is $790. So now $1390 with the $600 weekly supplemental added on, the weekly pay of someone making 72k+ a yr. Heck, you'll have people making more than that taking advantage- sacrifice a few hundred a week for a nice paid 4 month sabbatical.

Yeah...they should just go get a real job over these next 4 months or something!

Right now we're just inventing problems that may - or - may not come to fruition
but I do think it's interesting what "worries" folks

[houndawg]

I promise you ^ that isn't correct... There is nothing Graham won't lie about
including his own homosexuality



yeah I went there

Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.

pish, he'll always be able to find people to work for starvation wages. The entire nation needs to take a month off and stay home and the problem will be vastly diminished.

[houndawg]

Yeah...they should just go get a real job over these next 4 months or something!

Right now we're just inventing problems that may - or - may not come to fruition
but I do think it's interesting what "worries" folks

terrified by the thought of the peons wanting a raise

[Chizzang]

Right now we're just inventing problems that may - or - may not come to fruition
but I do think it's interesting what "worries" folks

terrified by the thought of the peons wanting a raise

Remember when Rush Limbaugh and AZ told us that the company that started paying all their employees $70k would go out of business
well that company is absolutely killin' it... never been more profitable and never been more stable

Very much like Costco
Overpaying your employees creates corporate stability
it causes other problems but the company stability is unmatched

[CAA Flagship]

terrified by the thought of the peons wanting a raise

Remember when Rush Limbaugh and AZ told us that the company that started paying all their employees $70k would go out of business
well that company is absolutely killin' it... never been more profitable and never been more stable

Very much like Costco
Overpaying your employees creates corporate stability
it causes other problems but the company stability is unmatched

That was me that said it was crazy. But I didn't really understand the Seattle economy and didn't understand the company's business. After 5 years, they have been able to pull it off. But that was the best of times in one of the best places to do something this ambitious. I honestly can't believe a company that size makes that much money at what they do, but good for them. Not sure of the conditions on the ground in Seattle these days with the virus response, but it can't be good for the them.

Here is an update from a couple of weeks ago.

https://www.inc.com/jessica-stillman/re ... g-now.html

[kalm]

Yeah...they should just go get a real job over these next 4 months or something!

Right now we're just inventing problems that may - or - may not come to fruition
but I do think it's interesting what "worries" folks

Temporary worker relief is WAY more worrisome than corporate bailouts or the virus itself. Duh!

[Chizzang]

Remember when Rush Limbaugh and AZ told us that the company that started paying all their employees $70k would go out of business
well that company is absolutely killin' it... never been more profitable and never been more stable

Very much like Costco
Overpaying your employees creates corporate stability
it causes other problems but the company stability is unmatched

That was me that said it was crazy. But I didn't really understand the Seattle economy and didn't understand the company's business. After 5 years, they have been able to pull it off. But that was the best of times in one of the best places to do something this ambitious. I honestly can't believe a company that size makes that much money at what they do, but good for them. Not sure of the conditions on the ground in Seattle these days with the virus response, but it can't be good for the them.

Here is an update from a couple of weeks ago.

https://www.inc.com/jessica-stillman/re ... g-now.html

Companies have the ability to "choose their problems"
Costco knows they could pay damn near half as much as they do and fill all of those positions in a snap
But they choose to have a bloated payroll in exchange for fundamental stability and damn near zero turnover

other companies choose to have other problems with other solutions

[dbackjon]

I know a girl who got pregnant twice as a teenager. She went on to a degree and ended up with a good paying job for a debt collection service.

(After she made bad decisions, was lazy on welfare raising two kids with a delinquent dad, and received financial aid to improve herself)

Unfortunately she is likely an exception and not the rule. Wish more of these cases turned out for the better.

When I was a manager of a Car Rental Location in Flagstaff, the General Manager asked me to interview ladies that had gone through a course his wife tought - aimed at single Mom's on welfare. I hired 4 (gearing up for summer)

Results:
Tasha (black) - worked out great, moved on eventually to a better job, raised her daughter who is a college graduate
Tina (Hispanic) - worked out well, promoted to a station manager, tragically killed in auto accident
Sue (White) - quit after 4 days
Marilyn (Native American) - hired to cover Weekends, and evenings. Kept asking for weekends off, we got by without the body, didn't understand when I let her go.

[dbackjon]

[SDHornet]

Is anyone surprised?

[dbackjon]

Is anyone surprised?

Liz Warren isn't...

[SDHornet]

Is anyone surprised?

Liz Warren isn't...

And yet she voted for it. Hhmmm...

[houndawg]

terrified by the thought of the peons wanting a raise

Remember when Rush Limbaugh and AZ told us that the company that started paying all their employees $70k would go out of business
well that company is absolutely killin' it... never been more profitable and never been more stable

Very much like Costco
Overpaying your employees creates corporate stability
it causes other problems but the company stability is unmatched

What's odd is that they understand this at the executive level with crystal clarity - why one those genius bidnizmen doesn't make the intellectual leap to somebody else's POV is the puzzler.

[SunCoastBlueHen]

My wife's friend, who used to live near us here in Florida but moved to Kentucky a few year ago, decided a while ago to run for U.S. Congress in Kentucky's 4th district. I always thought she was a little nuts and got a good laugh when I heard she was doing this. Anyway, that Congress seat is currently occupied by one Thomas Massie, the joker who ran interference on this stimulus package. Her campaign was, predictably, going nowhere until yesterday. She had over $20k contributed to her campaign in less than 24 hrs. People want their money!

Sent from my SM-J810Y using Tapatalk

[UNI88]

Remember when Rush Limbaugh and AZ told us that the company that started paying all their employees $70k would go out of business
well that company is absolutely killin' it... never been more profitable and never been more stable

Very much like Costco
Overpaying your employees creates corporate stability
it causes other problems but the company stability is unmatched

What's odd is that they understand this at the executive level with crystal clarity - why one those genius bidnizmen doesn't make the intellectual leap to somebody else's POV is the puzzler.

That's a common malady, there are a number of mensa-level socialists who can't make the leap to somebody else's POV either.

[houndawg]

What's odd is that they understand this at the executive level with crystal clarity - why one those genius bidnizmen doesn't make the intellectual leap to somebody else's POV is the puzzler.

That's a common malady, there are a number of mensa-level socialists who can't make the leap to somebody else's POV either.

I knew that would bring you out

[UNI88]

That's a common malady, there are a number of mensa-level socialists who can't make the leap to somebody else's POV either.

I knew that would bring you out

[BDKJMU]

My wife's friend, who used to live near us here in Florida but moved to Kentucky a few year ago, decided a while ago to run for U.S. Congress in Kentucky's 4th district. I always thought she was a little nuts and got a good laugh when I heard she was doing this. Anyway, that Congress seat is currently occupied by one Thomas Massie, the joker who ran interference on this stimulus package. Her campaign was, predictably, going nowhere until yesterday. She had over $20k contributed to her campaign in less than 24 hrs. People want their money!

Sent from my SM-J810Y using Tapatalk

I think Massie was right. Its shameful that with the biggest spending bill in the history of the US, most of the HoR didn’t want to be on the record with a recorded vote. The Senate didn’t do a voice vote. Pelosi’s wish list that got axed held this up for 3 days. Doing a roll call vote would have held it up a few hours. How convenient that in the future when issues arise, a representative could claim “I didn’t vote for it”.

Voice vote is used for some non controversial bills, but rarely for major bills. When was the last time a bill of this consequence was passed with a voice vote with only a fraction of members present?

[houndawg]

My wife's friend, who used to live near us here in Florida but moved to Kentucky a few year ago, decided a while ago to run for U.S. Congress in Kentucky's 4th district. I always thought she was a little nuts and got a good laugh when I heard she was doing this. Anyway, that Congress seat is currently occupied by one Thomas Massie, the joker who ran interference on this stimulus package. Her campaign was, predictably, going nowhere until yesterday. She had over $20k contributed to her campaign in less than 24 hrs. People want their money!

Sent from my SM-J810Y using Tapatalk

I think Massie was right. Its shameful that with the biggest spending bill in the history of the US, most of the HoR didn’t want to be on the record with a recorded vote. The Senate didn’t do a voice vote. Pelosi’s wish list that got axed held this up for 3 days. Doing a roll call vote would have held it up a few hours. How convenient that in the future when issues arise, a representative could claim “I didn’t vote for it”.

Voice vote is used for some non controversial bills, but rarely for major bills. When was the last time a bill of this consequence was passed with a voice vote with only a fraction of members present?

Yep. When you're talking trillions the vote should be on the record.

[AZGrizFan]

I think Massie was right. Its shameful that with the biggest spending bill in the history of the US, most of the HoR didn’t want to be on the record with a recorded vote. The Senate didn’t do a voice vote. Pelosi’s wish list that got axed held this up for 3 days. Doing a roll call vote would have held it up a few hours. How convenient that in the future when issues arise, a representative could claim “I didn’t vote for it”.

Voice vote is used for some non controversial bills, but rarely for major bills. When was the last time a bill of this consequence was passed with a voice vote with only a fraction of members present?

Yep. When you're talking trillions the vote should be on the record.

Agreed. Gutless move by the House. But, oh nos, it would have delayed the vote by a day and required them to all come back to washington.

WAFJ.

[BDKJMU]

Here's the max unemployment weekly benefits per state. Ranges from $235 for Mississippi to $790 for Washington St.
https://www.savingtoinvest.com/maximum- ... -by-state/

Add $600 on top of that for 4 months. A lot of businesses that are facing a severe slowdown could say to their employees we'll lay you off for 4 months. You can get paid more for not working for 4 months that you can make working. Then when the 4 months has ended and business has picked back up, we'll put you back to work.

People are going to game this..

Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.

They found a loophole with "furloughs" as opposed to laying people off, which companies are apparently doing in droves. For companies that don’t qualify, or are unwilling to take on all the conditions of the forgivable federal loans to keep their workforce on the payrolls, they can furlough workers. Those workers qualify to apply for unemployment benefits in the same way that people who are fully laid off do, yet are more likely to return than laid off ones. Some employees are even asking to be furloughed. Leave it to Congress to rush a bill with a massive loophole of unintended consequences..
Companies Cite New Government Benefits in Cutting Workers
Employers factor in extra federal pay in deciding how to handle their workforces; it ‘made that part of the decision more palatable’
https://www.wsj.com/articles/companies- ... 1586264075

[Chizzang]

This has got to be fake news.... but I just saw where Trump fired the trillion-dollar hand out oversight team
so now there is zero independent oversight of 1.5 trillion dollars



somebody tell me this is fake news