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Big League Economics

TRUMPBUX 2.0: Second Round of $1,200 Stimulus Checks Planned

Another $1,200.

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Senate Majority Leader Mitch McConnell is expected to announce plans for a second round of $1,200 checks to most Americans next week, as a component of a second $1 trillion stimulus package intended to alleviate the economic downturn caused by the coronavirus pandemic.

McConnell plans to push the $1 trillion stimulus package next week as an alternative to more costly and politically loaded Democratic spending plans. He spoke of his plans to include a second round of direct payments akin to the first $1,200 check under the March CARES Act on Tuesday. “And speaking of building on what worked in the CARES Act, we want another round of direct payments to help American families keep driving our national comeback.

Democrats such as House Speaker Nancy Pelosi are said to be fighting to fill the stimulus package with a goodie list of leftist policy priorities, such as “racial pay equity” and corporate board affirmative action quotas. Democrats passed a much more expensive $3 trillion spending bill in May, which was rejected by the Republicans.

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It appears as the coronavirus pandemic continues to spread and Americans are prevented from returning to workplaces, the Republican Party is more willing to consider a new round of stimulus legislation.

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The rules for the first $1,200 check will apply to the second, with all tax filers who claimed less than $75,000 in income receiving a stack from the federal government. Tax filers with dependents will recieve $500 per child.

It remains to be seen if progressive Democrats will seek to block the second payment of wildly popular TrumpBux to the American public in pursuit of irrelevant leftist policy fantasies.

Big League Economics

As Biden Eyes “Transition Away” From Fossil Fuels, Pennsylvania is Second-Largest Natural Gas Producer in US

Destroying Pennsylvanian jobs.

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Joe Biden’s announcement that he plans on a “transition away” from the use of fossil fuels as an energy source may not go over smoothly with the people of Pennsylvania- a state that has scored as the second largest producer of natural gas anywhere in the country.

Joe Biden admitted at the Thursday debate that he plans to “transition away from the oil industry,” citing pollution.

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The United States Energy Information Administration identifies a considerable 20.0% of national natural gas production as coming from the state of Pennsylvania, making it the second biggest producer behind Texas. The state punches well above its weight in doing so, producing almost as much natural gas as Texas despite having less than half of its population.

Biden has sought to dismiss his track record of support for the banning of fracking oil extraction, employing a similar thinly veiled rhetorical trick by stating he’d only decline to allow any new fracking.

The energy industry continues to be a source of gainful, family-supporting employment for over ten million Americans. It’s not an option to “transition away” from the use of fossil fuels in the immediate future- a fact Biden tacitly admitted to after the debate suggestion, perhaps indicating that he realized the political folly of the statement.

A study from the American Petroleum Industry indicates that more than 322,000 Pennsylvanians are employed by the natural gas industry that Biden wants to transition away from.

Pennsylvania is shaping up as the most critical swing state in the election, and in nearly every plausible election night scenario the winner of the state’s 20 electoral votes secures the 270 needed to win the election.

Perhaps Joe Biden should transition away from national politics, and leave policy answers relating to carbon emissions, the environment and a strong energy industry to those more considerate of the role of the natural gas industry in Pennsylvania and around the country.

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