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“It is Silly for Democrats to Claim C-19 Coronavirus Aid/Relief/Stimulus is Too Slow”

#PresidentTrump #C19coronavirus #aidreliefstimulus #Democrats

It is “silly” for Democrats to say it will take Americans too long to get their enhanced unemployment benefits in place, as they could have gotten it in place a week or 10 days ago, but states are already in a position to continue extended unemployment benefits, White House economic adviser Larry Kudlow said Tuesday.

Senator McConnell put up short term extensions of unemployment and Democrats blocked it at least twice,” Mr. Kudlow said “The $600 plus that came out in March was administered by the states, with the help of the Labor Department.”

Meanwhile, Mr. Kudlow said The Trump Administration remains willing to further negotiate another C-19 coronavirus aid/relief/stimulus bill. 

We would love to extend the payroll protection for small businesses,” he said. “We want very much to be able to put additional money in for safe and secure school openings. The President is still open to direct mailing of checks of $1,200 per person. Those are things that we could talk about, more than willing to. But the Democrats have to change their views and they have got show us it’s a serious matter.”

The money President Trump put in place over the weekend with his executive order reduces the initial $600 bonus payments to $400 a week, but the entire $400 does not come from the federal government with the new order.

We put out a formula,” he said. “The states, 1st of all if they give $100 already in benefits, just $100, any state that gives $100 will qualify for the $300 federal money. 

In some states there have been complaints that the new plan will cost too much.

Mr. Kudlow said the benefit actually would come to $700 per unemployed person, as the “baseline of unemployment benefits is roughly $400 per person per week.

There are 16-M people unemployed,” he said. “They need help, they need assistance and we stand to give it to them.”

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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