Stimulus? Honest question follows

[DaveTooley]

My wife and I are retired sort of. I'm still working some. When they announced this my wife said we don't need it. They're going to send whether we want it or not. That led to a plan. My wife and I have pledged $200 a week to restaurants we frequent that have a tip jar where it goes to all employees working or not. That's 12 weeks for the $2400 were supposed to get. I'll track down the lady who cuts my hair and help her out also. Those that don't need it need to find a way to give to those who take care of the rest of us.

 

[mikeinct]

Thanks for that one Dave. I forgot about the girl who cuts my Hair. mike in ct

 

[DaveTooley]

Thanks for that one Dave. I forgot about the girl who cuts my Hair. mike in ct

I left her a $25 tip last time. She said you don't have to do that. I said I don't know when I'll be back and you might need it. Little did I know that two days later they would shut hair salons down. I'd have left a $100 tip maybe more If I knew that was coming.

 

[Jim Bridger]

If Big "Don T" sends me a check for $1,200 bucks it is spent. I collect 10MM pistols and have 8 @ in my gun corral. Number #9, 10MM will be a 1911 Colt Rail gun. Thanks "Don T".

 

[JeffT]

My refrigerator went out. Mine’s already spent

 

[Twicepop]

I intend to accept this as retribution from the government for them sitting on their dead asses and allowing the short sellers to rape and pillage the nation's 401K accounts. This doesn't come close to covering what I lost, but it's a start.

 

[Bc'z]

Thanks for that one Dave. I forgot about the girl who cuts my Hair. mike in ct

That'd be my wife.

 

[fatelvis]

I intend to accept this as retribution from the government for them sitting on their dead asses and allowing the short sellers to rape and pillage the nation's 401K accounts. This doesn't come close to covering what I lost, but it's a start.

I wish I knew more about stocks and how they are bought and sold. Are "short sales" the reason the market took such a dive?

 

[mikeinct]

For Fatelvis : https://en.wikipedia.org/wiki/Naked_short_selling

 

[Twicepop]

I wish I knew more about stocks and how they are bought and sold. Are "short sales" the reason the market took such a dive?

As best as I can understand it with the information I had to work with, it is. I don't have a good enough of an understanding to explain how short selling actually works, but this is/was the reason given for the market taking a dump. The same scenario happened in 2008, the last time the market had a "correction". In my opinion (and yes I know what they say about opinions) this like back in 2008 was an engineered theft of countless billions or even trillions of dollars.
The only explanation of short selling I can find says, sellers borrow shares of stock that they do not own, and sell those shares at the current market price. Their goal after that is to re-buy those shares at a lower price at some point in the future, return them to the lender and pocket the profits from this sale. I'm having a problem accepting how any one can "borrow" shares from any one or institution, sell them, drive the price of the shares down, re-buy them without some illegal manipulation of the stock market. This time and the last time this happened, the Democrats were in charge of the House of Representatives. The branch of government that is supposed to over-see the domestic agenda, and set the precedence of the nation. I fail to see how any of this can be accomplished without insider manipulation.

 

[sdean]

Take the stimulus money and do whatever you want. It came from you originally.

 

[Idaho-Lefty]

I intend to accept this as retribution from the government for them sitting on their dead asses and allowing the short sellers to rape and pillage the nation's 401K accounts. This doesn't come close to covering what I lost, but it's a start.

I agree, and as far as I'm concerned, they should STOP with, the Short selling and over Nite, Futures, Trading ! Between losses, in the Market and our Taxes, WILL go up to, pay for, the FEDS "Mistakes" and the Wall Street "scum", robbing everyone ! I'll hold mine, like you said, "it's, a start" ! Probably, I'll give most of it away to, any Hungry,.. Neighbors ! At my age, I've already got, plenty of, Guns and Ammo !

 

[Cryhavoc]

Stimulus Bill disbursement:

https://www.axios.com/2-trillion-coronavirus-stimulus-bill-4e334c5a-ac0a-4d50-848a-3eb027530421.html

Only $10,000,000 is set to fight infectious disease – p.191
$100,000,000 to NASA – p.17
$20,000,000,000 to the USPS – p.53
$300,000,000 to the Endowment for the Arts – p.78
$300,000,000 for the Endowment for the Humanities – p.77
$15,000,000 for Minority Business Development – p.13
$435,000,000 for mental health support – p.92
$30,000,000,000 for Department of Education stabilization – p.110
$100,000,000 family violence prevention – p.100
$200,000,000 to Safe Schools Emergency Response to Violence Program – p.100
$300,000,000 to Public Broadcasting – p.125
$500,000,000 to Institute of Museums and Libraries – p.126
$720,000,000 to Social Security Admin – p.43
$25,000,000 for Cleaning supplies for the Capitol Building p.136
$7,500,000 to the Smithsonian for additional salaries – p.75
$35,000,000 to the JFK Center for performing Arts – p.76
$25,000,000 for additional salary for House of Representatives – p.4
$3,000,000,000 upgrade to the IT department at the VA – 142
$315,000,000 for State Department Diplomatic Programs – p.146
$95,000,000 for the Agency of International Development – p.146
$300,000,000 for International Disaster Assistance – p.147
$300,000,000 for Migrant and Refugee Assistance – p.147
$90,000,000 for the Peace Corp – p.148
$13,000,000 to Howard University – p.121
$9,000,000 Misc Senate Expenses – p.134
$100,000,000 to Essential Air carriers – p.162
$40,000,000,000 to Take Responsibility to Workers & Families Act – p.164
$1,000,000,000 Airlines Recycle and Save Program – p.163
$25,000,000 to the FAA for administrative costs – p.165
$492,000,000 to National Railroad Passenger Corporation (Amtrak) – p.167
$526,000,000 Grants to Amtrak to remain available if needed through 2021 – p.168
$25,000,000,000 for Transit Infrastructure – p.169
$3,000,000 Maritime Administration – p.172
$5,000,000 Salaries and Expensive Office of the Inspector General – p.172
No voter ID to get a ballot, & anonymous “ballot harvesting” – p.650
$2,500,000 Public and Indian Housing – p.175
$5,000,000 Community Planning and Development – p.175
$2,500,000 Office of Public and Indian Housing – p.175
$1,500,000,000 Tenant-Based Rental Assistance Office of Public and Indian Housing – p.10
$1,000,000,000 of which can be used as "additional administrative and other expenses" – p.176
$720,000,000 to the public housing fund – p.177
$100,000,000 for Community Block Grants for Native Americans – p.183
$250,000,000 for Housing Block Grants for Tribes – p.182
$130,000,000 for AIDS Housing – p.185
$20,000,000 of which goes to one-time grantees – p.186
$15,000,000,000 for the Community Development Fund – p.188
$5,000,000,000 in Homeless Assistance – p.193
$100,000,000,000 for Rental Assistance – p.198
$7,000,000 to enforce the Fair Housing Act – p.203
Paid Family Leave for Sickness is 2 paid work weeks – p.213
$10,000,000 for Migrant and Seasonal Farmworker programs – p.80
$100,000,000 for ‘‘Job Corps’’ – p.81
$15,000,000 for ‘‘Program Administration’’ – p.82
$6,500,000, to the ‘‘Wage and Hour Division’’ – p.83
$30,000,000, to OSHA – p.222-224
$10,000,000 for Susan Harwood training grants p.83
$1,300,000,000, for ‘‘Primary Health Care’’ – p.85
$75,000,000, for ‘‘Student Aid Administration’’ – p.118

 

[D-4297]

Only the left-wing , Lame-stream Media has a lower rating than Princess Pelosi , the Squad, and all their merry leftist henchmen who have forgotten who they are supposed to be representing ...Or have they ?
Years and Millions spent on investigating the POTUS , and nothing . Now they have turned this COVID Bill into a Christmas wish list of liberal causes while holding a gun to the peoples head smiling , as they said . "Give us what we DEMAND"! "Or you get nothing"! And delaying the monies for desperate people in severe need . Payments that could already been en-route , now delayed by weeks . When did they stop being the party of the little guy ? Stupid me ....They never were anything but the party of special interests .

 

[jonbearman]

And don't forget, there are also those living off disability and/or a defined pension plan and an annuity where their income is not effected.

Agree . . . doing it via unemployment insurance seems to me the best way.

This is why I don't "need" this money and will be looking for some who does.

I live on 1859.00 per month on SSD with a blown out back. With my girl friends monthly she gets 700.00 and that is what we live on. I shouldn't admit this but I have not received a real cost of living since last year when we got 2.8 percent increase which is a joke. During the last administration we got less than 1 percent a year and since medicare went up I actually lost about a hundred bucks a month. Now with the corona garbage all ssi/ssd recipients will get nothing for years to come. People are mad because Trump did this to save us so to speak and they complain he upped our national debt but the last 2 administrations raised the national debt 15 trillion in 16 years and the news blew it off till Trump bailed us out now he is under fire. The bail out for us is only 10 percent of the 2.2 trillion, whats next? Gee I wonder where the rest went to, I would love to see the actual bill. We have to reign in spending and drive the debt down or we will be bankrupted for sure. I pray everyday things will change but I am losing hope. We also need to become fully independent of all foreign countrys. If we go back to heavy duty manufacturing our GDP will explode. If this is too heavy then just delete it.Rant over and God Bless all of you.

 

[jonbearman]

Stimulus Bill disbursement:
Look at some of useless spending, its ridiculous.
https://www.axios.com/2-trillion-coronavirus-stimulus-bill-4e334c5a-ac0a-4d50-848a-3eb027530421.html

Only $10,000,000 is set to fight infectious disease – p.191
$100,000,000 to NASA – p.17
$20,000,000,000 to the USPS – p.53
$300,000,000 to the Endowment for the Arts – p.78
$300,000,000 for the Endowment for the Humanities – p.77
$15,000,000 for Minority Business Development – p.13
$435,000,000 for mental health support – p.92
$30,000,000,000 for Department of Education stabilization – p.110
$100,000,000 family violence prevention – p.100
$200,000,000 to Safe Schools Emergency Response to Violence Program – p.100
$300,000,000 to Public Broadcasting – p.125
$500,000,000 to Institute of Museums and Libraries – p.126
$720,000,000 to Social Security Admin – p.43
$25,000,000 for Cleaning supplies for the Capitol Building p.136
$7,500,000 to the Smithsonian for additional salaries – p.75
$35,000,000 to the JFK Center for performing Arts – p.76
$25,000,000 for additional salary for House of Representatives – p.4
$3,000,000,000 upgrade to the IT department at the VA – 142
$315,000,000 for State Department Diplomatic Programs – p.146
$95,000,000 for the Agency of International Development – p.146
$300,000,000 for International Disaster Assistance – p.147
$300,000,000 for Migrant and Refugee Assistance – p.147
$90,000,000 for the Peace Corp – p.148
$13,000,000 to Howard University – p.121
$9,000,000 Misc Senate Expenses – p.134
$100,000,000 to Essential Air carriers – p.162
$40,000,000,000 to Take Responsibility to Workers & Families Act – p.164
$1,000,000,000 Airlines Recycle and Save Program – p.163
$25,000,000 to the FAA for administrative costs – p.165
$492,000,000 to National Railroad Passenger Corporation (Amtrak) – p.167
$526,000,000 Grants to Amtrak to remain available if needed through 2021 – p.168
$25,000,000,000 for Transit Infrastructure – p.169
$3,000,000 Maritime Administration – p.172
$5,000,000 Salaries and Expensive Office of the Inspector General – p.172
No voter ID to get a ballot, & anonymous “ballot harvesting” – p.650
$2,500,000 Public and Indian Housing – p.175
$5,000,000 Community Planning and Development – p.175
$2,500,000 Office of Public and Indian Housing – p.175
$1,500,000,000 Tenant-Based Rental Assistance Office of Public and Indian Housing – p.10
$1,000,000,000 of which can be used as "additional administrative and other expenses" – p.176
$720,000,000 to the public housing fund – p.177
$100,000,000 for Community Block Grants for Native Americans – p.183
$250,000,000 for Housing Block Grants for Tribes – p.182
$130,000,000 for AIDS Housing – p.185
$20,000,000 of which goes to one-time grantees – p.186
$15,000,000,000 for the Community Development Fund – p.188
$5,000,000,000 in Homeless Assistance – p.193
$100,000,000,000 for Rental Assistance – p.198
$7,000,000 to enforce the Fair Housing Act – p.203
Paid Family Leave for Sickness is 2 paid work weeks – p.213
$10,000,000 for Migrant and Seasonal Farmworker programs – p.80
$100,000,000 for ‘‘Job Corps’’ – p.81
$15,000,000 for ‘‘Program Administration’’ – p.82
$6,500,000, to the ‘‘Wage and Hour Division’’ – p.83
$30,000,000, to OSHA – p.222-224
$10,000,000 for Susan Harwood training grants p.83
$1,300,000,000, for ‘‘Primary Health Care’’ – p.85
$75,000,000, for ‘‘Student Aid Administration’’ – p.118

 

[DaveTooley]

One of our local restaurants set up a go fund me page for all the employees. I hope the others follow suit. Sure makes it easy/safer way to help those in need. We ordered take out pizza Tuesday. While it was being prepared I went around town and put $20 in every tip jar. I got a lot of surprised looks from owners as well as customers. Now to track down the Gal that cuts my hair. One car needs new tires. I noticed my local shop wasn't very busy so I'll stop by there today.

Short sellers didn't drive the market down. They're part of a healthy market. Most invest expecting values to go higher, some invest expecting values to go lower. Neither side controls the market. Talk to those short sellers when stocks go up. That can artificially drive values up of individual stocks.
Let's see 95% reduction in air travel, stay at home orders, all travel and tourism halted, car companies shut down, parts suppliers shutdown, construction all but halted, most manufacturing halted. Mom and Pop companies all but shut down. Oil price war between Russia and the Saudi's. Then add in the uncertainty of Covid 19. The list goes on. It's not a market problem it's a world health problem. To put things in perspective my investment accounts are down about 25%. There are still about 10% higher than they were in Nov. '18. As bad as it looks I'll take that. I turn 70 tomorrow. I've seen many pull backs. It/we always come back. Good time to invest any cash you have laying around. Strum Ruger is up about 33% in the last 3 weeks.
YMMV

 

[338 Mollett]

I certainly hope that the above break down of expenses is not true !If it is than this country deserves to fail.There is going to come a day when the citizens of this country will have to take it back by any means necessary !

 

[JFrank]

Stimulus Bill disbursement:

https://www.axios.com/2-trillion-coronavirus-stimulus-bill-4e334c5a-ac0a-4d50-848a-3eb027530421.html

Only $10,000,000 is set to fight infectious disease – p.191
$100,000,000 to NASA – p.17
$20,000,000,000 to the USPS – p.53
$300,000,000 to the Endowment for the Arts – p.78
$300,000,000 for the Endowment for the Humanities – p.77
$15,000,000 for Minority Business Development – p.13
$435,000,000 for mental health support – p.92
$30,000,000,000 for Department of Education stabilization – p.110
$100,000,000 family violence prevention – p.100
$200,000,000 to Safe Schools Emergency Response to Violence Program – p.100
$300,000,000 to Public Broadcasting – p.125
$500,000,000 to Institute of Museums and Libraries – p.126
$720,000,000 to Social Security Admin – p.43
$25,000,000 for Cleaning supplies for the Capitol Building p.136
$7,500,000 to the Smithsonian for additional salaries – p.75
$35,000,000 to the JFK Center for performing Arts – p.76
$25,000,000 for additional salary for House of Representatives – p.4
$3,000,000,000 upgrade to the IT department at the VA – 142
$315,000,000 for State Department Diplomatic Programs – p.146
$95,000,000 for the Agency of International Development – p.146
$300,000,000 for International Disaster Assistance – p.147
$300,000,000 for Migrant and Refugee Assistance – p.147
$90,000,000 for the Peace Corp – p.148
$13,000,000 to Howard University – p.121
$9,000,000 Misc Senate Expenses – p.134
$100,000,000 to Essential Air carriers – p.162
$40,000,000,000 to Take Responsibility to Workers & Families Act – p.164
$1,000,000,000 Airlines Recycle and Save Program – p.163
$25,000,000 to the FAA for administrative costs – p.165
$492,000,000 to National Railroad Passenger Corporation (Amtrak) – p.167
$526,000,000 Grants to Amtrak to remain available if needed through 2021 – p.168
$25,000,000,000 for Transit Infrastructure – p.169
$3,000,000 Maritime Administration – p.172
$5,000,000 Salaries and Expensive Office of the Inspector General – p.172
No voter ID to get a ballot, & anonymous “ballot harvesting” – p.650
$2,500,000 Public and Indian Housing – p.175
$5,000,000 Community Planning and Development – p.175
$2,500,000 Office of Public and Indian Housing – p.175
$1,500,000,000 Tenant-Based Rental Assistance Office of Public and Indian Housing – p.10
$1,000,000,000 of which can be used as "additional administrative and other expenses" – p.176
$720,000,000 to the public housing fund – p.177
$100,000,000 for Community Block Grants for Native Americans – p.183
$250,000,000 for Housing Block Grants for Tribes – p.182
$130,000,000 for AIDS Housing – p.185
$20,000,000 of which goes to one-time grantees – p.186
$15,000,000,000 for the Community Development Fund – p.188
$5,000,000,000 in Homeless Assistance – p.193
$100,000,000,000 for Rental Assistance – p.198
$7,000,000 to enforce the Fair Housing Act – p.203
Paid Family Leave for Sickness is 2 paid work weeks – p.213
$10,000,000 for Migrant and Seasonal Farmworker programs – p.80
$100,000,000 for ‘‘Job Corps’’ – p.81
$15,000,000 for ‘‘Program Administration’’ – p.82
$6,500,000, to the ‘‘Wage and Hour Division’’ – p.83
$30,000,000, to OSHA – p.222-224
$10,000,000 for Susan Harwood training grants p.83
$1,300,000,000, for ‘‘Primary Health Care’’ – p.85
$75,000,000, for ‘‘Student Aid Administration’’ – p.118

Where did they hide the wall money?

 

[338 Mollett]

Kinda hard to protest this type of pork when you can't gather more than ten in a crowd.Congress knows they have us over a barrel and we can't do a thing about it !