US Kudlow Projects Coronavirus Aid Package to Reach ‘Roughly’ $6 Trillion

Kudlow Projects Coronavirus Aid Package to Reach ‘Roughly’ $6 Trillion | National Review

White House economic adviser Larry Kudlow on Tuesday projected that the total economic stimulus to be enacted by the federal government will reach $6 trillion.

www.nationalreview.com

Coronavirus Relief: Aid Package to Reach 'Roughly' $6 Trillion | Nati…

archived 24 Mar 2020 23:32:43 UTC

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White House economic adviser Larry Kudlow on Tuesday projected that the total economic stimulus to be enacted by the federal government will reach $6 trillion.

Of the total, $4 trillion will come in the form of liquidity from the Federal Reserve, while the remaining $2 trillion will be part of proposed phase-three legislation from Congress. If the total assistance does reach $6 trillion, that would equal about 30 percent of U.S. GDP.


The phase-three legislation will be “the single largest Main Street assistance program in the history of the United States,” Kudlow said at a press conference Tuesday evening.

“We’re heading for a rough period, but it’s only going to be weeks, we think. Weeks [or] months, but it’s not going to be years, that’s for sure,” Kudlow added.

Lawmakers have not agreed on a final stimulus package as of Tuesday evening, despite optimism earlier in the day from Treasury Secretary Steve Mnuchin that a deal was within reach. Senate Democrats twice voted to deny cloture to debate the stimulus on the Senate floor, moves that received harsh criticism from Republicans.



Anticipation of a deal on the stimulus drove a stock market surge on Tuesday that saw the largest one-day gain for the Dow since 1933. Meanwhile, President Trump said he hoped the U.S. would be able to relax coronavirus containment measures by Easter (April 12).


“We’re opening up this incredible country. Because we have to do that. I’d love to have it open by Easter,” Trump said during a virtual Fox News town hall event.

Later on Tuesday, Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, said that while it might be possible to relax containment in some areas of the country, those decisions would be made according to data at the time.

“You can look at a date [to ease restrictions] but you’ve really got to be flexible,” Fauci told reporters.

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[Shield Breaker]

But if the government had invested more money in healthcare, then there wouldn't be a need to subside the economy this much and coronavirus would be less of an issue for Americans, their economy and their health.

Like it is for Italy and Spain?

 

[Nephi]

Like it is for Italy and Spain?

Yes. mark my words, you will envy Spaniards and Italians in 3 days time.
The reason why Spain and Italy were hit so hard is because their economies are dependent on tourism.

 

[Shield Breaker]

Yes. mark my words, you will envy Spaniards and Italians in 3 days time.
The reason why Spain and Italy were hit so hard is because their economies are dependent on tourism.

Oh, goody, another auticle of derpi.

 

[Nephi]

Sorry, I don't speak retardese.

 

[Regu]

Yes. mark my words, you will envy Spaniards and Italians in 3 days time.
The reason why Spain and Italy were hit so hard is because their economies are dependent on tourism.

No matter how bad things get, there is one thing that myself and an American share in common that we can thank God for. We weren't born as a Spaniards or Italians.

 

[Shield Breaker]

Sorry, I don't speak retardese.

It’s a portmanteau of Oracle of Delphi and Autistic Derpy. What is the basis of your rețarded prediction?

 

[Consenticles]

Yes. mark my words, you will envy Spaniards and Italians in 3 days time.
The reason why Spain and Italy were hit so hard is because their economies are dependent on tourism.

Is tourism going to suddenly be a profitable venture for them, in 3 days?

 

[Nephi]

Don't worry, I'm sure you got this under control, just like you had Vietnam and Iran under control.

Is tourism going to suddenly be a profitable venture for them, in 3 days?

Are you pretending to be retarded for shit and giggles or do you lack basic reading comprehension?

 

[Freya]

I didn't do my taxes for 2018, does that mean i'm not getting a check?

 

[Happy Fish]

So, who is down for a game of Monopoly? Because that is what our fucking currency is worth.

 

[2021Murder]

And to think people thought this would be around an okay amount to spend every month of every year for however long Yang was in office

Money printer go brrrrr

4 trillion a year instead of wasting 4 trillion a month like the fed seems on track to do this year. Plus we all know that giving americans 1k a month means that shit will be put back in the economy within 72 hours of that check being cashed. they've already given banks more than that this month and it hasn't done shit. everyone talks about how it doesn't matter if the government loans money out to businesses because they know it will be paid back. OK? when you have to pay child support they take that money out of your paycheck. Just do the same shit here. I wouldn't mind a zero interest loan to pay back every month.

So, who is down for a game of Monopoly? Because that is what our fucking currency is worth.

i'd really like to see how far the dollar is sinking. but i feel the us will get away with doubling its dollar supply. they've been fucking with the numbers for awhile. basically making minimum wage in 1991 and making minimum wage now (7.25) should have the exact same economic impact according to the fed. our inflation rate has been 2% average since Reagan got in Office according to our leaders. but the fight for 15 means its probably more accurately been a 6% inflation rate, since the Clinton years on average. and if its been 6% inflation with both the internet and trump stock bubbles its easily going to be double digit inflation now, the only difference is that unlike the 70s, the people in charge are cooking the books so much that we won't be able to prove it.

basically US in the 20s will feel like 90s Japan.

 

[Regu]

Don't worry, I'm sure you got this under control, just like you had Vietnam and Iran under control.

Are you pretending to be exceptional for shit and giggles or do you lack basic reading comprehension?

so are you Italian or a Spaniard?

 

[ConfederateIrishman]

Yes. mark my words, you will envy Spaniards and Italians in 3 days time.
The reason why Spain and Italy were hit so hard is because their economies are dependent on tourism.

So.... why 3 days, and not, say, a week? I mean you could be totally right but did you just throw a dart on the board or is there something else?

 

[Shield Breaker]

I didn't do my taxes for 2018, does that mean i'm not getting a check?

Did you do one for 2019? I read they're using both years in case someone didn't file one year.

 

[Nephi]

So.... why 3 days, and not, say, a week? I mean you could be totally right but did you just throw a dart on the board or is there something else?

Because that's what my uncle Soros told me.

so are you Italian or a Spaniard?

No, I'm from Hungary.

 

[Freya]

Did you do one for 2019? I read they're using both years in case someone didn't file one year.

.....no. Not yet. Fuck me for putting everything off, I'm worse than a pothead.

I will call my aunt tomorrow and see if she can do them. It's better than nothing.

 

[Marco Fucko]

.....no. Not yet. Fuck me for putting everything off, I'm worse than a pothead.

I will call my aunt tomorrow and see if she can do them. It's better than nothing.

I didn't even know it was still tax season, jesus.

 

[Freya]

I didn't even know it was still tax season, jesus.

they extended it until july

 

[Honka Honka Burning Love]

So what about the deficit?

As previously stated, everyone gave up on that argument the moment we realized that any controlling of the deficit is doomed because of OASI.

 

[Duke Nukem]

LOL so much for getting your YangBucks poorfags. Maybe you should get a job.