Big League Economics
Trump Administration Warming to Prospect of Second TrumpBux Payment
Trump had earlier considered a payroll tax.
President Donald Trump suggested on Thursday that he supports a second round of direct ‘TrumpBux’ payments to individuals, a stimulus measure first utilized in March to mitigate the effects of the coronavirus recession. Most U.S. taxpayers have already received a $1,200 payment from the federal government as part of the CARES Act.
When asked about the prospect of another round of payments, the President said “I think we’re going to be helping people out” and “getting some money for them.” The fourth round of coronavirus economic stimulus legislation is likely to be the last, if it’s even enacted at all, and the President said that he supports “one more nice shot” to stimulate the economy.
Senior Trump administration officials such as Treasury Secretary Steve Mnuchin and economic advisor Kevin Hassett signaling their support for the proposal, with the former stating that he sees a “strong likelihood” the national economy will require an additional supplement of the form of stimulus.
The Trump administration appeared to be initially considering a round of payroll tax cuts as an alternative to another TrumpBux, with some questioning how such a policy would benefit the millions of Americans in industries such as the energy sector who have lost their paychecks as a result of the recession.
Congressional Democrats have attempted to ram through a sham stimulus 4.0 package filled with a progressive policy wishlist, including a provision that would grant amnesty to several million illegal immigrants. Senate Republicans and the White House essentially confirmed that the legislation was dead on arrival after passing the house.
However, Senate Majority Mitch McConnell has accepted the concept of a fourth stimulus package after raising fiscal concerns, making it likely that House Democrats will concede enough to pass a politically acceptable bill through the House. It’s possible that the parties will battle over the notion of bailing out state governments, with Republicans preferring to use resources providing payments to individuals.
Big League Economics
Goldman Sachs Claims Forcing Americans to Wear Masks Would Save U.S. Economy $1 Trillion
Multinational corporations want Americans to submit to the virus regime.
Corporate titan Goldman Sachs has produced research that contends the U.S. economy would save five percent of GDP, or $1 trillion, due to a national mask mandate using federal force to make people wear masks.
“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.
Goldman’s analysts claim that forcing people to wear masks at the federal level would impact states like Florida and Texas, where masks are not mandatory, and “meaningfully” increase mask usage nationwide. Even though the mandate would be grossly unconstitutional, Goldman apparently believes that the ends justify the means.
They estimate that a mask mandate would increase mask usage overall by 15 percent and cut the daily growth of new coronavirus cases by between .6% and 1%. Goldman is fueling the false dichotomy where the public must to accept either a strict mask mandate or a Draconian shutdown of society. They claim that the next lockdown would take an additional $1 trillion out of the economy.
Former Vice President Joe Biden, who is attempting to unseat President Trump in November, has stated that he would use federal power to force Americans to wear masks.
“Yes, I would—from an executive standpoint, yes, I would . . . I would do everything possible to make it a requirement that people had to wear masks in public,” Biden mumbled last week.
The stage has been set for round two of the coronavirus panic to cripple society, even though the establishment has been encouraging Black Lives Matter pogroms against white people simultaneously.
Big League Politics has reported on the so-called experts as they have kept the fear propaganda going despite the immense hypocrisy:
The Centers for Disease Control and Prevention (CDC) are continuing their fear-mongering about the coronavirus pandemic, desperately trying to dissuade Americans from living their lives.
“Right now, communities are experiencing different levels of transmission occurring, as they gradually ease up onto the community mitigation efforts and gradually reopen,” the CDC’s deputy director for infectious diseases, Jay Butler, said to reporters during a press briefing on Friday.
“If cases begin to go up again, particularly if they go up dramatically, it’s important to recognize that more mitigation efforts such as what were implemented back in March may be needed again,” he added.
Butler emphasized that the “pandemic is not over” and urged localities to re-institute Draconian shutdown policies based on “what is happening within the community regarding disease transmission.”
The CDC has displayed an extreme amount of incompetence throughout the pandemic, which has destroyed their credibility and made them into a national laughingstock.
The establishment will never allow normalcy to return. The Orwellian nightmare, enabled by COVID-19 hysteria, is here to stay.
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