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⚠️⚠️⚠️#SecondStimulus #ExtraStimulus #MyTake ⚠️⚠️⚠️
Remember the phases of stimulus we've had:
Phase 1: Test Funding
Phase 2: Health and Hospitals Funding
Phase 3: CARES Act ($1,200 Stimulus Checks, PPP, EIDL)
Phase 3.5: More PPP, EIDL Money for Small Biz
Phase 4: Heroes Act (Pending extra $1,200).
This is my take on whether there will be a second stimulus check. First, we know that the Federal Reserve and popular economists make it very clear that now is NOT the time to focus on the debt or the Fed's Balance sheet. Now is the time to make sure the economy is not permanently scarred. Well to see if they'll actually be another round of stimulus - another stimulus check - it's helpful to see how the CARES Act #1 was passed. When we understand how the last CARES Act was passed, we'll know a lot more about the likelihood of the HEROES Act (HR 6800) passing - it'll help us weed out the noise of political screaming between Mitch McConnell and Nancy Pelosi. We'll also look at the Emergency Money for the People's Act (EMPA), which offered $2,000 per month.
Update on the next round of stimulus checks including the $1,200 for individuals and $1,200 for dependents up to 3 dependents. Afternoon 5-21-2020 on Mitch McConnell, Trump, the Senate, and more.
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